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Guyana – The local content spat – dangers of inattention

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

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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...
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Exxon seeks consultant for onshore pipeline survey

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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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Ali says Guyana changing drastically, investors must act now

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International investors should waste no time establishing a footing in the fastest-growing economy in the world: Guyana. This was the assertion of President Dr. Mohamed Irfaan Ali on Wednesday at the launch of the International Building Expo, Pegasus Hotel. The expo is...
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Exxon wants gas-to-energy contractors to create employment opportunities for women – EIA

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Since the multi-million-dollar gas-to-energy project will be the first of its kind in Guyana, there will be heightened expectations related to job opportunities and business benefits, particularly for the community of Region 3 where the project is being rolled...
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Baker Hughes aims for ‘next-gen’ carbon capture tech with new acquisition

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Baker Hughes has acquired a company involved in carbon capture called Mosaic Materials Inc., it said in a release on Wednesday. The energy technology company, with operations in Guyana, said the acquisition supports its plan to develop and scale...
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Exxon to plug over US$1.3B into gas pipeline project, preliminary works underway – EIA

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The subsea and pipeline network for Guyana’s landmark gas-to-energy project is poised to see a US$1.3B (GY$260B) investment from ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to the Environmental Impact Assessment (EIA) which was released on Wednesday,...
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Ali in talks to promote Qatari investments in Guyana

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Qatari investment agents met with President of Guyana, Dr. Mohamed Irfaan Ali on Tuesday afternoon. The Office of the President said they advanced discussions on investment opportunities in Guyana. Representing the Qatar Investment Mission were high profile executives of Power...
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Stabroek Block co-venturer CNOOC soars in Shanghai debut

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CNOOC Ltd shares surged as much as 44% in their Shanghai debut on Thursday, defying broad market weakness, as investors sought safety in the Chinese oil giant amid high energy prices and quickening inflation. After opening 20% higher, CNOOC shares...
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Former army chief to head newly appointed oil fund board

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President Dr. Mohamed Irfaan Ali appointed former army chief of staff, retired Major General Joe Singh MSS to chair the Natural Resource Fund (NRF) board on Wednesday, a statement from the Office of the President said, along with four...
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Letter-to-the-Editor: I am saving GY$14,000 a month with low fuel prices

Dear Editor, “Guyana gasoline prices now lowest in the region” is a headline I read and couldn’t help but smile....

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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