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Guyana adds digital platform to promote agro-processing sector with G$10 million sponsorship from ExxonMobil

OilNOW -
Vigilant about not falling prey to the resource curse or becoming dependent only on its newfound oil wealth, Guyana is strengthening its manufacturing and agro-processing infrastructure with a digital platform. The platform when launched, will facilitate information sharing, connectivity and...
News

Guyana ranks 3rd in the world for FPSO deployments through 2025 – GlobalData says in new report

OilNOW -
The South American country of Guyana is expected to deploy a minimum of three more Floating Production Storage and Offloading units (FPSOs) during the period 2020-2025, placing it at number 3 in the world for floating production vessels, along...
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Unprecedented market challenges driving competition for scarce resources – Alistair Routledge

OilNOW -
The ongoing COVID-19 pandemic has hit each and every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The spread of the virus has forced many oil and...
News

Natural Resources Minister, British High Commissioner discuss O&G partnerships

OilNOW -
Minister of Natural Resources Vickram Bharrat on Wednesday met with British High Commissioner to Guyana, Greg Quinn, where they discussed a number of areas of collaboration including oil and gas. During the meeting, Mr. Bharrat commended the outgoing High Commissioner...
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Interest of Guyanese workers top priority for labour ministry in discussions with ExxonMobil

OilNOW -
Guyana’s Minster of Labour, Joseph Hamilton, met with Officials from ExxonMobil Guyana on Wednesday where the rights of Guyanese workers and equal pay for equal work formed a major part of the discussions. ExxonMobil Guyana President, Alistair Routledge, and...
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Push for rigorous training, establishment of joint ventures to build local content capacity – Consultant

OilNOW -
Canadian consultant Rob Strong spoke to OilNOW about local content development back in 2018, and made a comparison with the Newfoundland and Labrador oil and gas industry, which he thinks Guyana could learn from. This is what he had...
News

Natural gas makes up around 20% of Stabroek Block discoveries – Alistair Routledge

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, said on Wednesday approximately 20 percent of the more than 8 billion barrels of oil equivalent resources found so far at the prolific Stabroek Block, is natural gas. “You'll be familiar with the 8 billion oil equivalent barrels of...
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World Bank reaffirms support for Guyana’s “progress and prosperity” as country prepares for economic take-off

OilNOW -
As Guyana prepares for unprecedented development from its multi-billion-barrel oil and gas resources, the World Bank says it stands ready to advance discussions on sustainable growth in support of the country’s progress and prosperity. In a congratulatory letter to Guyana’s...
News

CNOOC postpones start-up of project at UK’s highest-producing oil field

OilNOW -
COVID-19 safety measures and the postponement of the Forties pipeline overhaul have forced China's CNOOC to push the startup of its Buzzard phase II oil project into 2021, the company said Tuesday. According to a S&P Global Platts report, the...
News

24 Guyanese trainee technicians return for placement on Liza Destiny FPSO

OilNOW -
The first group of Guyanese operations and maintenance trainees recently returned to the South American country after an extensive 18-month training programme in Canada organized by ExxonMobil Guyana. The company said in an update on Tuesday they will soon be...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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