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Stena Forth arrives in Guyana for Tullow drill campaign

OilNOW -
The dynamically positioned Stena Forth Class 3 drillship has sailed into Guyana waters and will soon embark on a drill campaign at the Orinduik Block where UK-based Tullow Oil and its co-venture partners are optimistic of striking crude. Tullow Oil...
News

Over 1,000 Guyanese worked on projects leading up to 1st floating oil production complex

OilNOW -
Over 1,000 Guyanese have been working on projects that culminated with the commissioning of the 1st floating oil production complex on Saturday in Singapore. The vessel will soon set sail for the South American country where oil production is...
News

Guyana law firm becomes member of Houston-based Lex Mundi

OilNOW -
Houston-based Lex Mundi said on Monday its Board of Directors voted unanimously to admit Hughes, Fields & Stoby as its exclusive member firm for Guyana. Lex Mundi is a global leading network of independent law firms with in-depth experience in...
News

Keep wealth fund in place, don’t tie it to political machinery – US Ambassador urges

OilNOW -
In order to be effective, Guyana’s Natural Resources Fund (NRF) must be non-partisan. This is according to U.S Ambassador, H.E. Sarah-Ann Lynch. She made these remarks during her speech at the Guyana Manufacturing and Services Association Limited’s (GMSA) Business Luncheon...
Exploration

Guyana is one of the main beneficiaries of deepwater reinvention

OilNOW -
Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at opposite ends of the development spectrum. Deepwater represents large, expensive and complex long-cycle projects best suited...
News

Baker Hughes and C3.ai announce joint venture to deliver AI solutions across O&G industry

OilNOW -
Baker Hughes, a GE company (NYSE:BHGE) and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels...
News

Guyanese sister companies providing support services for Harvey Gulf

OilNOW -
Two indigenous Guyanese sister companies are stepping up their operations in the new South American oil and gas hotspot, pushing local content for US-based Marine Transport Company, Harvey Gulf. Western Logistics and Pandora Energy are working in tandem to provide...
News

Total commits to transparency of contracts at EITI Paris conference

OilNOW -
Patrick Pouyanne, CEO of French multinational oil corporation Total, gave a commitment to supporting transparency and openness of contracts in its operations around the world. Pouyanne was speaking on Thursday at the Extractive Industries Transparency Initiative (EITI) Global Conference in...
Exploration

Multiple play types with an 87% success rate make Guyana a unique frontier

OilNOW -
The resource growth in Guyana’s Stabroek Block is being described as ‘staggering’ by a top official at US oil major ExxonMobil who says while the average success rate in a frontier area is 10%, the company has had an...
Opinions

Efficiency and options for privatisation of Guyana’s energy market

Bobby Gossai, Jr. -
The concept of efficiency and its measurement are contentious. Hence, the option for the route of introducing a more competitive environment, and to consider whether this might prove a more effective approach to improving the electricity industry’s performance; is...
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Latest News

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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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