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Payara review progressing well – approval expected after elections

OilNOW -
Review of the Field Development Plan for the proposed 220,000 barrels per day Payara Development Project offshore the South American country of Guyana is progressing well with approval likely to come after the country’s March 2 elections. “The Department of...
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Guyana now has a Local Content Policy

OilNOW -
The much-anticipated Local Content Policy (LCP) that sets the framework within which companies in Guyana’s oil and gas sector are expected to operate has been completed and will be made public shortly. Director of Guyana’s Department of Energy (DE), Dr....
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Guyana has produced over 2.7 million barrels of oil to date; gov’t’s 1st lift due next week

OilNOW -
Over 2.7 million barrels of oil have been produced to date from the Liza Phase 1 Development and the Guyana government is gearing up to lift its first 1 million barrels by early next week. Director of the Department of...
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O&G pushing Guyanese companies to adopt international standards

OilNOW -
Nabi Construction Inc. the Guyanese partner in the Nabi/KCL Oilfield Construction Services joint venture is one of a number of local companies benefiting from knowledge transfer and capacity building initiatives that are helping these firms tap into opportunities in...
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Most of world’s top 30 high impact wells in South America, Africa

OilNOW -
Although 2019 was a disappointing year in terms of high impact well (HIW) drilling in the oil and gas sector, comparatively stable market conditions are favoring new exploration activity in 2020 for areas that combine high risk and high...
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Saipem bags new offshore contracts worth over $500 million

OilNOW -
Italian engineering and drilling services firm Saipem announced that it has been awarded several EPCI contracts worth over 500 million USD in various countries around the world. A press release from the company on February 6, 2020 said that the...
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International accounting firm opens shop in South America’s newest O&G hotspot

OilNOW -
Binder Dijker Otte, an international network of public accounting, tax, consulting and business advisory firms which perform professional services under the name of BDO, has announced the opening of its office in Guyana, the newest oil producing country on the...
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Who’s Who – Guyana’s premier business directory launches second edition

OilNOW -
The second edition of the Who’s Who in Guyana Business directory was officially launched on Saturday in Georgetown, the capital city of the new South American oil producing nation. Speaking at the launch, British High Commissioner to Guyana, Greg Quinn, said...
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Sol Group is now official distributor for Mobil lubricants

OilNOW -
The SOL Group announced on Friday that it has been officially appointed as an authorized distributor for Mobil lubricants in 12 of its 22 markets. These markets include Anguilla, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Dominica, Grenada, Guyana, St...
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Frontera hits pay in Colombia as Guyana drill campaign nears

OilNOW -
Frontera Energy Corporation on Thursday announced a successful discovery in Colombia in the Lower Magdalena Valley, striking a combination of light oil and natural gas. The company said it looks forward to further successes in Colombia, Ecuador and Guyana. Richard...
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Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income,...

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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