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Guyana prioritizing development of waterfront facilities

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Guyana is seeing increased marine traffic with the establishment of its oil and gas sector. At current capacity, the country’s President, Dr. Irfaan Ali, says it does not have the facilities to meet the projected increase in marine traffic...
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EITI warns against resource-backed loans

OilNOW -
Entering into resource backed loan arrangements could devastate the economies of developing resource rich countries. However, it has been recognized that mechanisms such as the Extractive Industries Transparency Initiative (EITI) can play a role in equipping citizens to be...
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Logistics company ramping up vessel capacity as demand for services offshore Guyana grows

OilNOW -
RAMPS Logistics is expanding its services in Guyana as exploration and production activities offshore the South American country continue to expand. The company plans to increase the number of vessels operating in the country which the head of its...
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Saipem FDS 2 preparing seabed infrastructure for Liza Phase 2

OilNOW -
Italian multinational oilfield services company Saipem is in the process of executing pipelaying work with the Crane Ship Saipem FDS 2, for phase 2 of ExxonMobil’s Liza Development offshore the South American country of Guyana. The Saipem FDS 2 is...
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Draft agreement for Payara development under discussion – Vickram Bharrat

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A draft agreement for the Payara development has been formulated and was discussed at a meeting on Thursday by a high-level team comprising individuals from ExxonMobil and the Department of Energy. In August, the newly elected government in Guyana had engaged...
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New Guyana government looking to rebuild investor confidence after grueling 5-month elections ordeal – President Ali

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As a result of the electoral impasse which delayed the swearing-in of the new government in Guyana by five months, investor confidence and trust in the new oil producing country has been severely damaged according to its new President,...
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Record-setting Stena Carron reaching previously un-drillable depths

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The Stena Carron drill ship is writing itself into the history books with a string of successful discoveries offshore Guyana, demonstrating its industry leading performance technology, making it ideal for drilling in dynamic environments such as the 6.6 million...
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Guyana maritime authority to be realigned for oil and gas sector

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Guyana’s Minister of Public Works, Juan Edghill, on Wednesday announced that the Maritime Administration Department (MARAD) will be realigned and repositioned to better serve the South American country’s emerging oil and gas sector. “The immediate task of the administration within...
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Guyana’s astronomical growth projections based on development of its massive oil fields – Deygoo-Boyer

OilNOW -
Despite the challenges of the COVID-19 pandemic and recent political uncertainty surrounding its elections, Guyana is still projected by the International Monetary Fund (IMF) to be the fastest growing economy in the world this year.    “Oil and gas is...
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No backtracking of spending by ExxonMobil in Guyana – API’s Chief Economist

OilNOW -
The continuation of exploration and production activities offshore Guyana means that the South American country has not seen a backtracking of spending by ExxonMobil as has been the case with other oil majors in various parts of the world. This...
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Latest News

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More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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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