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Natural Resources Minister warns companies not to lowball Guyanese workforce

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Guyana’s Minister of Natural Resources, Vickram Bharrat, said companies involved in the extractives sector must remove disparities in the treatment of local and expatriate workers, when it comes to pay and occupational health and safety (OHS). He said too,...
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Guyana set to deliver highest oil production ramp up for deepwater plays

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Guyana’s oil production ramp-up in the period 2021-2025 is unprecedented, and so steep that it exceeds the combined estimated growth of the next three countries combined, according to chief executive officer at Hess Corporation, John Hess. “Guyana production through 2025...
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Sameer Ally – the personification of Guyanese versatility in the oil and gas sector

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The technical capacity of Guyanese to fill the demand for skilled workers in the oil and gas sector—moreso offshore—has been a concern raised in the conversation on local content. Sameer Ally, a young Guyanese, is a shining example of...
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Guyana is open for business – 55 areas ripe for investment

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Guyana’s Office for Investment (GO-Invest) has released an investment prospectus which outlines 55 areas government wants investors to go after, with a promise of generous tax breaks and fast-tracked approvals. “Guyana is experiencing transformative and exponential growth since becoming an...
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Community engagement sessions held for Port of Vreed-en-Hoop project

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NRG Holdings Incorporated conducted community engagements on March 25-26 for its landmark Port of Vreed-en-Hoop project. Residents from surrounding communities were given the opportunity to ask questions and raise concerns on the potential impact of the development. The activity...
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Exxon drilling in area that could contain 1 billion barrels

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(Reuters) - U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful,...
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Guyana oil production volumes exceeding expectations

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ExxonMobil sees its production volumes from the Permian Basin and offshore Guyana potentially combining for close to 2 million b/d of oil equivalent well before the end of the decade, S&P Global Platts said in an article earlier this...
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Living above means tanked Guyana’s economy in the past, VP vows country not returning to that era

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In a scathing rebuke of an opposition proposal to give every Guyanese adult GY$200,000 (US$1000) on a quarterly basis, Vice President Dr. Bharrat Jagdeo said Guyana cannot build its future if it takes such an approach. The proposal is in...
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Liza Unity delivering the goods for Guyana, Stabroek co-venturers

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The Liza Unity floating production storage and offloading (FPSO) vessel, which is poised to reach nameplate capacity of around 220,000 barrels of oil per day this year, is set to almost triple Guyana’s oil revenue and is already strengthening...
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As barrels build up in Suriname, calls for creation of oil fund will increase – Rystad Energy

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Suriname has taken another stride towards rivaling emerging hydrocarbons powerhouse and neighbor Guyana after TotalEnergies revealed yet another oil and gas discovery on Block 58, its fifth on the prolific tract and Suriname’s sixth offshore, Rystad Energy said in...
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OPITO takes lifting frameworks to new heights in the Caribbean

OPITO sets a new benchmark for lifting standards in the region, with dedicated training centers in Guyana, Suriname, and...

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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