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‘It’s not just about monies earned but knowledge transferred, technology shared’ – Dr. Bynoe

OilNOW -
While the South American country of Guyana is set to earn billions of US dollars from development of its oil resources in the coming years, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe says the full...
News

GTT CEO urges Guyanese to focus on creating wealth, prosperity for self and family

OilNOW -
The CEO of the largest telecommunications company in Guyana is urging Guyanese to carefully consider how becoming an oil producing nation will significantly transform the country which has gone from having no known oil resources to more than 6...
News

SBM Offshore and Constellation complete minority ownership transaction

OilNOW -
SBM Offshore and Constellation Oil Services Holding S.A. said on Friday they have successfully completed the transaction regarding the sale to SBM Offshore of Constellation’s equity ownership in the lease and operating companies related to five Brazilian FPSOs. This follows...
Opinions

Oversight and controls for Guyana’s petroleum revenues

Bobby Gossai, Jr. -
Limitations on Types of Investments An oil revenue management law should limit an oil fund's investments to certain secure and non-speculative instruments. New oil revenue management law and petroleum fund law should provide for such limitations. As a fund becomes...
News

Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

OilNOW -
More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...
News

Three-day O&G conference and exhibition wraps-up in Georgetown

OilNOW -
The Guyana International Petroleum Exhibition (GIPEX) 2019 wrapped up on Friday November 22 at the Guyana Marriott Hotel in Georgetown, with its organiser reporting participation by over 250 companies, 40 of which were local businesses. Valiant Business Media, the company...
News

Guyana engaging oil companies to close skills gap

OilNOW -
Head of Guyana’s Department of Energy (DE) Dr Mark Bynoe says a large part of the Department’s engagement with oil companies is their contribution to education as part of the larger agenda for the South American country’s national development. Speaking...
News

Guyanese companies praise networking opportunities at GIPEX 2019

OilNOW -
As day two of the Second Annual Guyana International Petroleum Exhibition (GIPEX) continued on November 21, at the Guyana Marriott Hotel, local companies have reported that they are benefiting from immense networking as well as business opportunities. Additionally, the University...
News

Bank account to receive Guyana oil revenue to be established next week

OilNOW -
The account to receive oil revenue through the Natural Resource Fund (NRF) will be established next week at the Bank of Guyana. This announcement was made by Guyana’s Minister of Finance, Winston Jordan, during an interview at the opening of...
News

Halliburton, University of Guyana ink US$2.2 million MoU on sidelines of GIPEX

OilNOW -
The University of Guyana’s (UG) Faculty of Engineering and Technology today signed a Memorandum of Understanding (MoU) with Halliburton, one of ExxonMobil’s Prime Contractors, which will see the University benefiting from US$2.2 Million for laboratory equipment, staff development and...
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Letter-to-the-Editor: I commend the Labour Ministry’s independent assessment of FPSOs

Dear Editor, I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s...

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