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There must be a balance between safety and economic survival – Guyana President says as airports reopen

OilNOW -
International air travel has been restored in the new oil producing South American country of Guyana after several months of lockdown due to the global pandemic. The move by the new government to reopen the country’s two international airports...
News

Instead of strict requirements, Guyana could incentivize companies to achieve local content targets – Dr. Marcel

OilNOW -
When oil producing nations pursue the development of a local content policy, one of the challenges that often emerges, is striking the balance between a policy that is not too rigid and one that’s still not watered-down. As Guyana...
News

AMCHAM T&T gearing up for first virtual safety and environment conference

OilNOW -
The American Chamber of Commerce Trinidad and Tobago (AMCHAM T&T) will host the 24th Annual Health, Safety, Security and Environment (HSSE) Conference and Exhibition to be held virtually from October 19 – 23, 2020. Over the duration of the conference, a...
News

Delegation from U.S to discuss investment opportunities in South America’s newest oil producing nation

OilNOW -
Almost one month after U.S Secretary of State, Michael Pompeo, and Guyana’s President, Dr. Mohamed Irfaan Ali, signed a  Memorandum of Understanding (MoU)  on energy and infrastructure, a Government delegation from the U.S will be in Guyana to discuss...
News

ExxonMobil funds aerial monitoring system for Iwokrama rainforest

OilNOW -
The Iwokrama International Centre announced Monday that with funding from ExxonMobil Guyana it is now able to remotely monitor the Iwokrama forest using drone technology. The drone, which has communication capability, will help to significantly monitor areas of the forest...
Exploration

Guyana, Suriname entering high-stakes competition for development of deepwater resources

OilNOW -
Five years after Guyana’s first oil discovery and just weeks after production started last December, Suriname experienced a game-changer with its first offshore discovery at Maka Central-1. This was closely followed by two other discoveries – Sapakara West-1 and...
News

Beneficial ownership of Guyana oil blocks will have to be disclosed to EITI

OilNOW -
Guyana, as an Extractive Industries Transparency Initiative (EITI) implementing country, is among the those mandated to comply with Requirement 2.5 of the EITI Standard 2019 which relates to full disclosure of beneficial ownership of companies, including those in oil...
Exploration

Petronas spuds first well offshore Suriname

OilNOW -
Malaysian oil and gas company Petronas has spudded its first well - Sloanea-1 - offshore Suriname at Block 52 where it has farm-down 50% of its interest to US oil major ExxonMobil. Denmark-based drilling rig operator Maersk Drilling is carrying out...
News

Another oil major moving to cut jobs

OilNOW -
Chevron Corp employees worldwide are being asked to reapply for positions as part of a cost-cutting program expected to eliminate up to 15% of its workforce, Reuters said in a recent report. The No. 2 U.S. oil producer has begun...
News

Guyana, oil companies must work together – can’t be “us against them” – Energy Consultant

OilNOW -
An energy consultant is urging Guyana to create an investment environment that is built on the pillars of stability and security since this is the most effective way of attracting and keeping the big capital and expertise needed to...
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Guyana and Suriname leaders advance talks on trade, energy, and connectivity at high-level meeting

Joint Statement - Meeting Between Jennifer Geerlings- Simons, President of the Republic of Suriname and Dr. Mohamed Irfaan Ali,...

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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