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Local Content Policy close to completion

OilNOW -
The much-anticipated Local Content Policy (LCP) that would set the framework within which companies in Guyana’s oil and gas sector are expected to operate, is closer to finalization. Director of the country’s Department of Energy (DE) Dr. Mark Bynoe made...
Exploration

BP takes Maersk Drilling for three-well campaign offshore Trinidad

OilNOW -
Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago. Maersk said Monday the contract has an estimated duration of 322 days and is...
News

Drilling continues at Carapa prospect – results expected this month

OilNOW -
The search for hydrocarbons continues at the Carapa—1 prospect located in the Kanuku block offshore the South American country of Guyana, with results expected over the next several days. “Repsol is currently focused on drilling the Carapa exploration well with...
News

Bidders for lifting Guyana oil cargo include Exxon, Chevron

OilNOW -
Several international oil companies including majors such as ExxonMobil and Chevron are bidding for the opportunity to lift Guyana’s first share of oil cargoes from the Liza field at the Stabroek Block early next year, the country’s Department of...
News

‘Clear de way, Guyana coming back’

OilNOW -
By Professor Anthony T Bryan (Jamaica Observer) Clear de way, Guyana coming back is the title of a lively vintage calypso by Dave Martins and the Tradewinds about several Caribbean nations in a virtual horse race competing for prominence. Perhaps...
News

Revenue management laws should sanction conflict of interest, corruption – Economist

OilNOW -
A Guyanese economist believes his country, an emerging oil and gas hotspot which is due to begin oil production potentially within the coming days, should endeavour to ensure that the relevant revenue management laws being crafted have sufficient provisions...
News

300 women part of local workforce supporting ExxonMobil operations in Guyana

OilNOW -
At the close of the third quarter of 2019, more than 1,700 of the workers supporting project development activities at the Stabroek Block offshore Guyana are Guyanese, 300 of which are women in both the professional and technical fields. ExxonMobil...
News

Dept. of Energy assures it is pursuing best value for Guyana’s crude

OilNOW -
Guyana’s Department of Energy (DE) on Sunday issued a statement responding to concerns in sections of the media about the approach being taken to sell the country’s first three lifts of crude from the Liza Phase 1 Development set...
News

Measures to introduce Liza grade crude to market consistent with Petroleum Agreement – Dr. Bynoe

OilNOW -
As Guyana gears up for oil production, possibly within days, the Department of Energy (DE) is pursuing discussions with a few companies for the potential placement of the country’s first 3 cargoes from its entitlement, as part of measures...
Opinions

Public governance and integrity for Guyana’s oil wealth

Bobby Gossai, Jr. -
Matters such as public governance and integrity may be already addressed by existing legislation; if not, they should be addressed in the oil revenue management law or in ancillary regulation. At a minimum, the basic principles of public governance...
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Latest News

NewsShikema Dey -

Venezuela risks more sanctions if unlawful election is held in Essequibo this May – Greenidge 

Venezuela risks triggering even more international sanctions if it proceeds with its unlawful elections in Guyana’s Essequibo region. The...

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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