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New discovered volumes in Guyana shrank to 1 billion barrels for first time last year

OilNOW -
2020 saw a dip in the number of exploration wells drilled in Guyana for the first time since 2015 with new discovered volumes shrinking to 1 billion barrels of oil equivalent resources. This further highlights the risky nature of...
News

Local content commission could ensure Guyanese are not being hoodwinked – Timothy Tucker

OilNOW -
Senior member of the Georgetown Chamber of Commerce and Industry (GCCI) Timothy Tucker says several of the factors that constitute what a local business is should be strengthened in the context of Guyana’s revised draft local content policy and...
News

Tullow kicks off multi-well drill campaign in Ghana

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Tullow Oil plc (Tullow) announced on Tuesday the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field on April 5. As previously announced, the Maersk Venturer, which...
News

Brazil’s oil industry in grip of deadliest pandemic wave yet

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(Reuters) - The deadly coronavirus wave that has torn through Brazil in recent weeks has not spared its oil industry, according to unions and government data reviewed by Reuters, with infections among workers jumping and production taking a hit. New...
News

Guyana seeking firm to conduct cost-recovery audit, validation of profit oil share

OilNOW -
Guyana’s Ministry of Natural Resources is seeking consultancy services for cost recovery audit and validation of the country’s profit oil share for the period January 2018 to December 2020. According to a notice published by the Ministry of Natural Resources,...
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Local content and immigration in Guyana

OilNOW -
By Steven Jasmin - OilNOW Over the past 4 years Guyana has worked hard to iterate and develop a local content strategy and policy that strikes the balance of helping and protecting the Guyanese population, while simultaneously encouraging growth. As it...
News

OilNOW TV webinar series continue tonight with focus on local content

OilNOW -
A revised draft Local Content Policy has been the focus of intense consultations in Guyana since February, and it is expected that an updated version of this document will form the basis for a local content framework that would...
News

Oil giant Saudi Arabia aims to build futuristic zero-carbon city of the future

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(S&P Global Platts) In an isolated patch on the Red Sea coast, Saudi Arabia has unveiled a grand vision of a futuristic zero-carbon community called Neom, fueled by hydrogen, a showpiece for Crown Prince Mohammed bin Salman in his...
News

Gas-to-power infrastructure must be protected as a matter of national security – Ramnarine

OilNOW -
When Guyana's Petroleum Commission comes on stream, one of its key regulatory functions should be protecting the infrastructure for the gas-to-power project as a matter of national security. This is according to former Energy Minister for Trinidad and Tobago,...
News

Junior oil and gas company exploring offshore Guyana appoints new geologist

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. the junior oil and gas exploration company with licences in Guyana and the highly prospective basins in Namibia, announced on Thursday the appointment of Selma Usiku to the role of Senior Geologist. Usiku...
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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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