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Caribbean Council panel discussion to focus on Guyana’s oil future

OilNOW -
As Guyana continues to come to terms with its new economic prospects, two young Guyanese professionals will be part of a virtual oil and gas panel discussion hosted by The Caribbean Council on Tuesday September 8, 2020, entitled ‘What...
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Payara development targeting 220,000 bpd peak production

OilNOW -
ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana is targeting 180,000 to 220,000 barrels of oil per day, pending government approvals. During the early stage of production operations, the project is anticipated to produce an average of approximately...
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Gas-to-shore project will be a key part of Guyana’s wealth creation – Morgan D. Bazilian

OilNOW -
No technical barriers exist for piping natural gas from the Stabroek Block to shore for power generation and other applications in Guyana and with Gross Domestic Product (GDP) expected to triple in coming years, making this project a reality...
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Guyana holding firm on full transparency in oil and gas – Natural Resources Minister

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The Government of Guyana – South America’s newest oil and gas hotspot – has reiterated its commitment to transparency and accountability in the natural resources sector and its continued partnership and cooperation with institutions such as the Extractive Industries...
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Guyana prioritizing development of waterfront facilities

OilNOW -
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

OilNOW -
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

OilNOW -
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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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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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