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Operators must tell local businesses about upcoming opportunities, President says

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The Guyana Government is seeking to make it a policy that oil and gas operators have to provide advance notice to local businesses in relation to upcoming opportunities to provide goods and services to the industry. While the over 2700...
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Capacity on the ground, banking system challenges among points raised at opening of local content consultations

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During the first leg of consultations held on Monday on Guyana’s draft Local Content Policy, the discourse, which was facilitated by President, Dr. Irfaan Ali, at the Arthur Chung Conference Centre on the outskirts of Georgetown, saw commentary from...
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Accountability, realistic targets must be hallmarks of Guyana’s local content policy – President Ali

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During Monday's launch of the first round of consultations on Guyana's draft Local Content Policy, President Irfaan Ali categorically stated that the final document must be one with a difference. The Head of State, who led the discussions at...
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Why hasn’t Guyana spent a dollar of its now over US$200 million in oil revenue?

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Since oil exports began in Guyana in January 2020, the government has exported approximately 5 million barrels of oil – 4 last year and its first cargo for 2021 just two weeks ago – representing the country's share of...
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Light sweet Liza crude in good position as Brent soars past $63 a barrel

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The Guyanese government’s decision to push for rapid development of the nation’s oil and gas resources in an investor-friendly environment was buoyed in early February by strong demand for light sweet crude across the global oil market. In late December...
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Equinor says Norway oil production at risk from strike

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(Reuters) - A potential strike at Norway’s Mongstad oil storage and export terminal could close down major North Sea oilfields next week and also hit gas exports to Europe, operator Equinor said on Friday. The Safe labour union, which plans...
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Exxon-led consortium’s next challenge in Guyana is local content

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The following is an opinion piece by David Blackmon, an independent energy analyst/consultant based in Mansfield, TX., published in Forbes on February 13, 2021.  The question of local content inevitably becomes a significant factor anytime oil companies move into a...
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Halliburton will service 100% of its Guyana operations in-country from this year

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U.S. oilfield service company Halliburton aims to have 100 percent of its operations serviced from Guyana in 2021. The company expects this move to result in a major increase in its in-country purchases, by at least 50 percent, and...
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Exxon’s multi-billion-dollar initiative will help change the face of UG – Vice Chancellor

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Major transformation is coming for Guyana’s highest institution of learning as a multi-billion-dollar capacity building and development project initiated by ExxonMobil and Stabroek Block co-venturers, Hess and CNOOC, is set to roll out. Over the years, ExxonMobil Guyana has been...
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Smaller oil companies looking to mirror Stabroek Block success in post-pandemic comeback – Finance Minister

OilNOW -
ExxonMobil’s exploration success in the prolific Stabroek Block where it has thus far made 18 discoveries, with an estimated nine billion barrels of recoverable oil resources has fueled the optimism of other smaller companies that will be embarking on...
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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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