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Guyana setting up framework to monitor local content compliance, says finance minister

OilNOW -
Guyana’s Finance Minister Dr. Ashni Singh said the government’s new local content bill, scheduled to be tabled in the national assembly today, makes provisions for the establishment of a local content secretariat, which will be responsible for managing compliance...
Opinions

A look at Guyana’s local content requirements

OilNOW -
By Terrence R. Blackman, Ph.D. – OilNOW On December 16, 2021, the Guyanese National Assembly will consider the proposed Local Content Laws to integrate Guyanese into the country's emerging oil and gas industry. The goal of Guyana's local content policy...
News

Rowley says Exxon’s relocation of supply services to Guyana expected as country targets 1 million bpd

OilNOW -
ExxonMobil's almost 100 percent relocation of supply chain services from Trinidad and Tobago to Guyana is not an unexpected move, says Prime Minister of the Twin Island Republic, Dr. Keith Rowley. He said this is especially understandable since Guyana's...
News

Oil extends losses as omicron concerns mount

OilNOW -
Crude oil futures were lower in mid-morning trade in Asia Dec. 15, extending losses from the previous session, as concerns over an impending surge in COVID-19 cases from the omicron variant mounted. At 10 am Singapore time (0200 GMT), the...
News

Guyana appoints new elections chief in bid to shed 2020 distrust

OilNOW -
Since the conclusion of Guyana’s chaotic elections in August 2020, rebuilding confidence in public institutions and in the country as an investment destination has been a key objective of the new government. The Irfaan Ali administration had insisted that...
Exploration

Deepwater plays in giant prospects like Guyana to reign supreme in 2022 rebound – Wood MacKenzie

OilNOW -
While climate change pledges from governments across the world will put some degree of pressure on the oil and gas industry, the upstream sector will still rebound come 2022 says global energy research and consultancy group, Wood Mackenzie. More specifically,...
News

This South American country is looking to attract $19 billion in oil & gas investments

OilNOW -
Developing countries are continuing to focus on commercializing their oil and gas resources so that the much-needed revenues can be used to expand their economies and improve the standard of living for their people. GlobalData said on December 3 that...
News

Large volumes of gas at Stabroek Block, Guyana could become export hub, says AMI analyst

OilNOW -
The Guyana-Suriname basin is the most appealing frontier market opportunity in the world since it features light to medium sweet crude which has low emissions, highly competitive breakevens and offers exploration companies some of the most competitive terms. An...
News

Guyana-Exxon partnership will deliver best results for landmark gas to energy project – Dr. Pieters

OilNOW -
The landmark gas to energy project being planned by authorities in Guyana will be best run through the partnership the country has with ExxonMobil since the oil major has vast experience in delivering major projects on time and on...
News

Former Staatsolie boss says large volumes of gas will deliver cheap energy in hottest new basin

OilNOW -
South America’s hottest new basin where billions of barrels of oil discovered over the past six years have brought world-wide attention is set to deliver large volumes of gas says a former head of Suriname state oil company, Staatsolie. “Our...
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Chevron CEO hails Hess deal as 2025’s biggest U.S. merger, bets on lasting oil demand

Mike Wirth, Chief Executive Officer of Chevron, defended the company’s oil-first strategy in a recent interview with the New...

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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