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Guyana Shore Base eyeing expansion to double its capacity

OilNOW -
Guyanese majority owned Guyana Shore Base Inc. (GYSBI) will double its capacity in phase 2 of its expansion programme which will see the facility’s usable area and wharfage increasing by over 100%. Under its Phase 2 Expansion Programme, GYSBI plans...
News

Dyna-Mac awarded contract for Liza Unity topsides

OilNOW -
Singapore-based Dyna-Mac will be working on the topside modules for the 220,000 bpd Liza Unity floating production storage and offloading vessel for ExxonMobil’s second development offshore the South American country of Guyana. According to a report in Upstream, Dyna-Mac confirmed...
Opinions

Reforming local energy subsidy and competitiveness

Bobby Gossai, Jr. -
Energy subsidies are pervasive and impose substantial fiscal and economic costs in most countries. On a – pre-tax basis, subsidies for petroleum products, electricity and natural gas are high, when compared to Gross Domestic Product (GDP) and total government...
News

‘Guyana’s 1 barrel per person per day will be truly transformative’ – Chatam House Researcher

OilNOW -
The South American country of Guyana is on course to produce 750,000 barrels of oil per day by the mid-2020s, which, with its small population of equal number, makes the potential for massive transformation tremendous. Speaking at the Guyana Petroleum...
News

Guyana’s Energy Department seeking multiple specialists

OilNOW -
Guyana’s Department of Energy (DE) is seeking a number of specialists as efforts continue to build capacity for the South American country’s emerging oil and gas sector. Speaking at a press conference in Georgetown, Guyana, on May 3, DE Director,...
News

14 Saipem workers hurt in fire off Azerbaijan

OilNOW -
Italian oil and gas contractor Saipem has reported that there were several workers injured in a fire aboard a pipe-laying vessel in the Caspian See off Azerbaijan. The blast occurred at 6.30 pm on Wednesday on board the Israfil Huseynov....
News

OTC 2019: Guyana regulator encourages investors to consider shallow waters

OilNOW -
Acting Commissioner of the Guyana Geology and Mines Commission (GGMC) Newell Dennision on Wednesday on the second night of the Offshore Technology Conference (OTC) in Houston Texas, encouraged oil companies to look at the shallow waters offshore Guyana as...
News

SBM confirms award of Liza 2 floater contract

OilNOW -
SBM Offshore announced on May 10 that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Liza project in Guyana. “We are proud that...
News

Schlumberger hires 12 Guyanese from TOTALTEC Academy Program for Oilfield Operations

OilNOW -
Schlumberger has hired 12 persons from the 5th graduating class of the TOTALTEC International Petroleum & Maritime Academy (IPMA). According to a press release from TOTALTEC, six will begin their careers with additional training in Trinidad while the other...
News

Guyana government guarding against over-dependence on oil – former business minister

OilNOW -
Former Minister of Business in Guyana Dominic Gaskin believes that while there will be some meeting of Guyana’s needs from oil revenues in the short term, the real benefits to the country will be had during the medium and...
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‘Entirely misleading’ – ExxonMobil rejects media comparisons of IFRS profits and oil profit share

ExxonMobil Guyana’s Vice President and Chief Financial Officer, John A. Colling, has rejected recent claims in the local media...

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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