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Grooming next generation of Guyanese oil workers; Energy Chamber has trained students from 18 schools

OilNOW -
After launching its inaugural oil and gas seminar for high schools students last November, the Guyana Oil and Gas Energy Chamber (GOGEC) has successfully trained students from 18 schools, its President Manniram Prashad told OilNOW on Friday. “We have completed about 18...
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Schlumberger rakes in higher profits in first quarter due to increased drilling activity

OilNOW -
Oilfield services company, Schlumberger recorded a 14 percent hike in profits for the first quarter of 2022, raking in some $5.96 billion in revenues. “Our first-quarter results set us firmly on the path to deliver full-year revenue growth in the...
News

US envoy offers American solutions to Guyanese businesses looking to adopt renewable tech

OilNOW -
Companies looking to transition from carbon-free energy sources may find help with technologies from the United States, Ambassador Sarah-Ann Lynch said on Thursday. She was at the time addressing an energy roundtable discussion held by the American Chamber of...
News

Shell farms into two Barbados oil blocks

OilNOW -
A subsidiary of Shell farmed into two exploration licenses offshore Barbados in March, BHP Billiton said in an operational update. BHP signed a farm-out agreement for Shell to acquire 40% equity in each of the two offshore licenses – Bimshire...
News

US$300M Vreed-en-Hoop shore base to be operational by 4th quarter of 2023 – Boyer

Kemol King -
Vreed-en-Hoop Shore Base Inc. (VEHSI), a US$300M project led by Guyanese businessmen, will be operational by the fourth quarter of 2023, said joint venture partner and owner of National Hardware Guyana Limited, Nicholas Deygoo-Boyer. VEHSI is a partnership between the 100% Guyanese-owned NRG...
News

Guyana’s largest shore base gets ISO 9001 certification

OilNOW -
The Guyana Shore Base (GYSBI) is now officially ISO 9001:2015 certified. GYSBI said achieving the feat shows that its processes are “efficient and effective” and are consistent with the requirements of the ISO 9001:2015 standard. ISO 9001:2015 certification can apply to any organisation,...
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Guyana looking to play “passive investor role” in possible National Oil Company – Vice President

OilNOW -
Vice President of Guyana, Dr. Bharrat Jagdeo has announced that by September, a final determination will be made on whether the government will be establishing a National Oil Company (NOC) to develop oil and gas resources or opt to...
Opinions

Guyana – The local content spat – dangers of inattention

OilNOW -
By Wilberne Persaud - OilNOW A few weeks ago, a regrettable faux pas pushed Guyana’s Local Content Policy (LCP) into news headlines across the region. The Act seeks reasonable retention of benefits generated by activity in the oil sector for Guyanese...
News

Guyana aims for 39MW of accumulated solar capacity in the next 3 years

OilNOW -
Guyana’s government remains steadfast in its plan to achieve a diverse energy mix with several solar farms and solar mini grids on the cards for construction. Head of the country' energy agency, Dr. Mahendra Sharma told OilNOW that three years...
News

Exxon seeks consultant for onshore pipeline survey

OilNOW -
Ahead of construction of a pipeline as part of the landmark gas-to-energy project in Guyana, ExxonMobil is looking for a consultant to conduct a survey. In a public request for information (RFI), the company’s local affiliate, Esso Exploration and...
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Upcoming Business Talk to address invoicing in Guyana’s oil & gas sector

The Centre for Local Business Development, in partnership with the Greater Guyana Initiative, will host an in-person session titled...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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