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Payara project allowed Guyanese company to rehire 30% of staff that were laid off

OilNOW -
Caribbean Clothing Limited is a full-service garment manufacturer in Georgetown, Guyana. When the COVID-19 pandemic hit the South American country, and the world grappled with the economic and social effects, the company was forced to cut its workforce and...
Opinions

Effective Guyana-Suriname cross-border oil spill response crucial to region

OilNOW -
By Dr. Lee Hunt – OilNOW On April 20, 2010, a critical failure of hydrocarbon containment occurred on the BP Macondo well 65 kilometers offshore the coast of Louisiana in the US Gulf of Mexico.  The event unfolded entirely within...
Exploration

Winners of Suriname bid round to submit exploration work programme – Jagesar

OilNOW -
The companies that were successful in the recently concluded Suriname bid round are now to submit their exploration work programme the head of state oil company, Staatsolie Maatschappij Suriname N.V. told OilNOW. Chevron Exploration Suriname Limited and a consortium consisting of...
News

Over 26,000 tons of topsides lifted for Guyana’s 2nd FPSO

OilNOW -
The topsides lifting campaign for the Liza Unity FPSO was completed in March 2021 with over 26,000 tons of topsides lifted in position since the vessel came out of dry-dock in October of last year. Both Keppel and Dyna-Mac...
News

Oil price environment looks ‘constructive’, says Baker Hughes top executive

OilNOW -
(S&P Global Platts) Continued signs of global economic recovery from the coronavirus pandemic should prompt further demand growth for oil and natural gas, not only for second-half 2021 but for 2022, big oil services provider Baker Hughes' top executive...
Opinions

Guyana should adopt a natural resources fund that mirrors Norway

OilNOW -
By Arthur Deakin - OilNOW Historically, countries that discover large amounts of natural resources, such as oil or gold, tend to create a Sovereign Wealth Fund to manage their newfound wealth. Guyana, which recently discovered 9 billion barrels of proven...
News

Halliburton’s Q2 revenue up 7%, increased tools sales seen in Guyana

OilNOW -
Halliburton Company announced on Tuesday that its second quarter (Q2) revenue increased 7% sequentially as both North America and international markets continued to improve, and operating income grew 17% with solid margin performance in both divisions. The company recorded net income of $227 million...
News

BHP considering exiting oil and gas business in multibillion-dollar deal

OilNOW -
(Reuters) - Global miner BHP Group is considering getting out of oil and gas in a multibillion-dollar exit as it looks to speed up its retreat from fossil fuels, Bloomberg News reported on Tuesday, citing people familiar with the matter. The...
News

Paris Agreement cannot be achieved without robust price on carbon – IMF Managing Director

OilNOW -
If the Paris Agreement’s goal of bringing global temperature to 1.5 to 2 degrees Celsius, then key steps have to be taken such as a robust price on carbon says Managing Director of the International Monetary Fund (IMF), Kristalina...
News

“We are an equal opportunity employer with a very diverse workforce” – GYSBI

OilNOW -
The Guyana Shore base Inc. (GYSBI) the largest such facility providing support services to the offshore oil and gas operations in the country, said on Tuesday it is an equal opportunity employer with a diverse workforce and that no...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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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