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Students, lecturers briefed on Guyana’s transparency efforts

OilNOW -
The Guyana Extractive Industries Transparency Initiative (GYEIT) is currently engaged in an awareness campaign, aimed at educating students and Lecturers of Technical Institutes across Guyana, particularly those studying in the extractive fields, on the importance of the implementation of...
News

‘Listen to the voices of wisdom and not just multinational agencies’ – fmr Natural Resources Minister

OilNOW -
-Constitutional reform vital to independence of oversight of oil and gas revenues Former Minister of Natural Resources and the Environment Robert Persaud cautioned that the country must not be dependent only on multinational agencies for advice but listen to the...
News

ExxonMobil prime contractor Saipem in new hunt for services in Guyana

OilNOW -
Italian-based Saipem, one of ExxonMobil Guyana’s prime contractors, is once again in search of services for its operations in the South American country. Saipem America Guyana Branch is inviting companies to express interest in bidding for the provision of a...
News

American Chamber of Commerce Guyana branch launched as country gets ready for first oil

OilNOW -
A branch of the American Chamber of Commerce (AmCham) was launched on Monday evening in the South American country of Guyana, at the Guyana Marriott Hotel in the country’s capital city, Georgetown. With the country racing towards becoming an oil...
News

Invest oil revenue in key services and “everyone will make plenty of money” – US Ambassador

OilNOW -
US Ambassador to Guyana, Perry Holloway, says while there have been some countries around the world that have tried direct cash disbursements to citizens from oil revenues, “it is not something that normally happens.” However, he says the most important conversation...
Exploration

United Oil & Gas says 3D data acquired off Jamaica coast “encouraging”

OilNOW -
UK-based United Oil & Gas Plc said on Monday, August 13, that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. Encouragingly,...
News

Incompetence, greed and fear main reasons petro-countries do badly – Anthony Paul

OilNOW -
High levels of incompetence, greed, and the fear of making tough decisions are the primary reasons countries rich in petroleum resources do badly. So says Managing Director, Principal Consultant of Association of Caribbean Energy Specialists Ltd. (ACES), Anthony Paul. Paul,...
News

New oil discoveries in Guyana make discussion of local refinery more relevant

OilNOW -
As US oil major ExxonMobil continues to discover more oil off the Guyana coast, discussions about the establishment of a refinery in the South American country will become more relevant. A study conducted in 2017 found that pursuing such...
News

Poor local content provisions can lead to corruption, conflict

OilNOW -
A study on local content provisions in developing countries has made a nexus between poorly drafted or implemented local content policies, laws and regulations and the emergence of corruption and conflict resulting in little benefit to the country from...
News

Renewable energy among key factors to fuel C/bean climate-smart zone

OilNOW -
A ground-breaking partnership to support the Caribbean’s ambition to become the world’s first ‘climate-smart zone’ was launched on Thursday, August 9, 2018. Eight-time Olympic Gold Medal Winner Usain Bolt was in attendance to help fire the starting pistol for...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

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