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SBM Offshore to acquire 75% equity in SBM Installer JV

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Ocean Yield has agreed to sell its 75% equity in the SBM Installer diving support and construction vessel owned by OS Installer Limited which is a joint venture owned 75% by Ocean Yield and 25% by SBM Holding Inc...
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Guyana now in the big league – exporting crude to Europe, China and India – Bobby Gossai Jr.

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Guyanese economist Bobby Gossai Jr says with the level of investment being made in Guyana’s oil and gas sector and the country becoming the newest oil producer in the region, it is no longer a “small country” but is...
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Local content legislation for Guyana Parliament by year-end

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Draft local content legislation should be ready for Parliament by the end of the year in South America’s newest oil producing nation – Guyana – where the recently installed government has been advocating for more benefits for the country...
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‘Leaving the oil in the ground’ is not an option for Guyana – Vice President

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Vice President of Guyana, Dr Bharrat Jagdeo believes that it is unrealistic to call for the developing South American country to leave its giant oil discoveries - made over the past five years – undeveloped, while the needs of...
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Guyana will change “beyond all recognition” – Greg Quinn

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British High Commissioner to Guyana, Greg Quinn, says the South American country is about to experience a transformation “beyond all recognition,” with a more affluent consumer base and growing economic opportunities for its population of just over 770,000. Quinn was...
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‘EPA must safeguard our interest but must not be a barrier to investment’ – Vice President

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While the role of the Environmental Protection Agency (EPA) in protecting the interest and wellbeing of the nation is regarded as a most important one, it must do so in a manner that facilitate, rather than curtail investments. Guyana’s...
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T&T’s National Energy says low natural gas volume scenarios affected its projects

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Trinidad and Tobago’s State-owned National Energy is said to have only delivered one project in the last twelve years and none in the last five years. This is according to a report in the Trinidad Guardian on Thursday. Noting that...
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ExxonMobil limiting oil production after encountering additional challenges with gas compressor

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Additional challenges with the gas handling system on the Liza Destiny FPSO has resulted in ExxonMobil taking a decision to limit oil production in order to curb flaring. Despite the challenges, the company says it is continuing to safely...
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ExxonMobil seeking ‘appropriate resolution’ as EPA threatens court action over fine

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Guyana’s Environmental Protection Agency (EPA) says it will be moving to the court soon as a result of ExxonMobil’s decision not to pay the fine imposed over hydraulic fluid spills that occurred earlier this year at the offshore Stabroek...
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Over 3 million bpd to be sanctioned in Guyana, Brazil even as industry takes a hit globally

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Oil projects off the coast of South America have lower breakeven prices and competitive payback times in comparison to similar projects in other parts of the world, which makes them more resilient in the current turbulent times, Norway-based Rystad...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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