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Saipem and WSense sign MoU for development of subsea communication networks

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Saipem and WSense, an Italian start-up in the field of innovation, have signed a cooperation agreement for developing complex communication networks for subsea drones. These so-called multi-purpose intelligent nodes will be designed and qualified by Saipem and WSense to be...
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Over 90 local suppliers working with Edison Chouest in South America’s new oil and gas hot spot

OilNOW -
Marine transportation service provider Edison Chouest though its local affiliate G-Boats Inc., an ExxonMobil Guyana prime contractor, says it has been expanding its local content efforts to create more jobs and provide training and capacity building opportunities for Guyanese...
News

Today marks 122 years since the boundary between Guyana and Venezuela was fixed

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By Guyana’s Ministry of Foreign Affairs and International Cooperation October 3 is a special day to Guyana and to Venezuela. It is special to the rule of law internationally. It is special to peace and justice worldwide. 122 years ago, on...
Opinions

Time and tide wait for no one

OilNOW -
By A. Bacchus – OilNOW One of my personal traits that I am working towards changing is that of being a procrastinator. I have this bad habit of waiting to undertake or complete tasks until my mind tells me that...
News

Diaspora Unit developing robust network for investors looking to tap into Guyana opportunities

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The Diaspora Unit of the Ministry of Foreign Affairs and International Cooperation in Guyana says it is developing a robust network to facilitate investors looking to plug capital into the new oil producing country, as more opportunities continue to...
News

Breaking records left and right, Argentina’s Vaca Muerta is the world’s quickest growing shale play – Rystad Energy

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Argentina’s Vaca Muerta shale play, having registered strong growth in oil and gas production and well activity levels in recent months, has emerged as the world’s fastest growing major shale basin, a Rystad Energy report shows. A record number...
News

GCCI says ‘overwhelming’ number of infrastructure, other work being handled by foreign-owned companies

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Guyanese private sector body, the Georgetown Chamber of Commerce and Industry (GCCI) on Friday renewed its call for the government to table legislation covering local content but stressed for this to be done before the end of 2021. In a...
News

Former GDF officer hired by Bristow to deliver world-class service in Guyana

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Bristow Group Inc. has appointed Courtney Byrne as the Area Manager for its Guyana operations. In this position, Bristow said Byrne will work closely with its customers and across the company "to deliver world-class service as we grow the...
News

Tails on existing wells can deliver big volumes at Guyana’s largest oil block

OilNOW -
Deeper potential for hydrocarbons in multiple zones offshore Guyana at the giant Stabroek Block will continue to come under the drilling bit this year and into 2022 as the search for more oil intensifies in the South American country....
News

Access to finance a key hurdle for Guyanese companies looking to secure big contracts in oil & gas – Dr. Gaskin-Peters

OilNOW -
Several local companies which have acquired the necessary capabilities through training and obtained the relevant health and safety certifications are still facing a proverbial brick wall when trying to access oil sector contracts. The hurdle that now stands in...
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ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge,...

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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