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Maximising Guyana’s potential as an emerging resource-driven economy

Bobby Gossai, Jr. -
As an emerging resource-driven economy and one with a particularly low average income, Guyana must use its resources sectors as a platform for broader economic development, which could transform its growth prospects. However, as with other similar countries, Guyana...
News

Liza Phase 2 tops list for South America’s 2019 greenfield investments

OilNOW -
South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service players, Guyana is stealing some of the thunder as the country is emerging as an...
News

Next OPEC headache is Brazil’s burgeoning crude production

OilNOW -
(Bloomberg) When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market. The mammoth facility -- long and wide enough...
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Taking advantage of opportunities in Guyana’s oil and gas sector

OilNOW -
- Hemichand Morgan talks about life at sea When you are the father of four children under 10 years old, being unemployed with no job in sight can stretch your endurance to the limit. Not long ago, Guyanese, Hemichand Morgan, was...
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Eco Atlantic contracts Stena Forth for Guyana drill campaign

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. (aim:ECO)(EOG), along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V. (Operator), has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron...
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TechnipFMC, DOF Subsea announce delivery of Skandi Olinda and start of Contract with Petrobras

OilNOW -
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) and DOF Subsea (DOF) announce that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), has commenced its 8-year charter contract with...
News

PDVSA denies reports of Gazprombank freezing its accounts

OilNOW -
Russian news agency TASS is reporting that Venezuelan state-owned oil company PDVSA (Petroleos de Venezuela) “has denied Sunday reports that the Russian Gazprombank had decided to freeze its accounts.” PDVSA reportedly made the statement on its Twitter account. "PDVSA categorically denies...
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Liza Unity will follow Destiny in Guyana oil bonanza

OilNOW -
The Liza Unity Floating Production Storage and Offloading vessel, the first of its kind produced by SBM Offshore using its Fast4WardTM programme, is expected to closely follow the Liza Destiny which will begin producing oil for Guyana by 2020. The Unity...
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Guyana, Brazil pushing FPSO demand through 2025 – Rystad Energy

OilNOW -
From 2019 to 2021 Rystad Energy expects 33 FPSOs to be sanctioned as oil and gas activity picks up in the offshore sector.  15 of the FPSOs will require a production capacity above 80,000 barrels/day. This high capacity demand comes...
Opinions

Ensuring Guyana’s petroleum resources are a blessing and not a curse

Bobby Gossai, Jr. -
Whether the natural resources of a country will be a blessing or a curse, depends on various factors. The recent oil discoveries of Guyana can induce an appreciation of the real exchange rate, deindustrialisation and bad growth prospects, and...
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Latest News

NewsShikema Dey -

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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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