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DP World expands investment in Suriname

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In line with the company’s strategic objectives in the oil and gas sector, DP World said it has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to...
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Crude oil prices continue to climb

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(S&P Global Platts) Crude oil futures continued their uptrend in midmorning Asia trade on September 16 after sharp overnight gains on a bullish supply-demand outlook. At 11 am Singapore time (0300 GMT), the ICE November Brent futures contract was up...
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Guyana seeking consultants to assess studies for Payara project

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The Guyana Government through its Ministry of Natural Resources (MNR) published on Tuesday, an invitation for international consulting services to review and assess studies for the Payara project set to come on stream by 2024. Payara is the third development...
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Guyanese begin overseas training to work on Prosperity FPSO

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Seven Graduate Engineers from SBM Offshore’s Graduate Engineering Programme arrived in the Netherlands on August 10, 2021, to begin training, in preparation to work on the Prosperity Floating Production Storage and Offloading vessel (FPSO), which is under construction in...
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Learning app for Guyanese women entrepreneurs launched through support from ExxonMobil Foundation

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The Cherie Blair Foundation for Women, ExxonMobil Foundation and ActionINVEST Caribbean Incorporated (ACI), on September 14, 2021, launched a partnership to bring vital entrepreneurial skills and support to women across Guyana through the Foundation’s ‘HerVenture’ mobile learning application. The mobile...
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Largest exploration campaign ever to be undertaken in Guyana basin could see oil reserves skyrocket

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The largest exploration campaign ever to be undertaken in the Guyana basin is being planned with multiple wells set to be drilled across several blocks. Results from these forays can see the already massive 9 billion plus barrels of...
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World’s first FPSO to be awarded SUSTAIN-1 Notation is now in alignment with key elements of UN SDGs – ABS

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The Liza Unity FPSO which has been awarded the SUSTAIN-1 notation by leading Classification Society American Bureau of Shipping (ABS) is now in alignment with key elements of the United Nations’ Sustainable Development Goals (SDGs). “The SUSTAIN-1 notation demonstrates the vessel’s alignment with...
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Guyana’s Vice President on three-day visit to Suriname

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Guyana’s Vice President, Dr. Bharrat Jagdeo is in neighbouring Suriname for a three-day visit, accompanied by Minister of Natural Resources, Vickram Bharrat. Dr. Jagdeo met President of Suriname, Chandrikapersad Santokhi, Ambassador Albert Ramdin, Minister of Foreign Affairs, International Business and...
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Guyana to notify UN, regional heads of government about latest Venezuela accord

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Guyana’s President, Dr. Mohamed Irfaan Ali plans to formally notify heads of government in the region about the accord made between the Government of Venezuela and its opposition last week in Mexico City. He told the media on Sunday that he...
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Major private sector groups in Guyana collaborating for mega oil and gas event

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The Georgetown Chamber of Commerce and Industry (GCCI) said Monday it is pleased to announce its partnership with the Guyana Oil & Gas Energy Chamber (GOGEC) as an organizing partner for the upcoming Guyana Energy Conference & Exhibition (GEC-X). The...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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