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Companies risk losing Local Content certification for not hiring, training Guyanese

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The Ministry of Natural Resources has issued a stern reminder to Contractors, Subcontractors, and Licensees in the oil and gas sector about their obligations under the Local Content Act. Companies failing to prioritize hiring and training qualified Guyanese nationals...
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Guyana might have to abandon talks with some oil block awardees – Jagdeo

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Some of the groups Guyana identified as awardees after the country’s first offshore auction, may not end up receiving the blocks.  Guyana Vice President Bharrat Jagdeo said they “have difficulties finding the right partners and raising the fees.” The government...
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Gas development is now a priority for Exxon – Guyana Vice President 

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Guyana's Vice President Bharrat Jagdeo said ExxonMobil has communicated to the government its prioritization of gas development. “Exxon has said, ‘we have moved this up to a priority now.’ We now have a company that is interested in moving it...
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Caribbean Court third in a row to quash activist lawsuit against Stabroek Block permit 

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The Caribbean Court of Justice (CCJ) dismissed an appeal filed by Guyanese citizen Ramon Gaskin challenging a local judgment that determined the Stabroek Block partners did not require separate licenses to operate offshore.  Gaskin’s initial application sought to quash the...
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Young says TT not concerned with outcome of U.S., Venezuela elections, gas deals secure 

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Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young is confident the country’s gas deals are secure no matter the outcome of elections in Venezuela and the U.S.  Concerns were raised in TT’s parliament on the uncertainty of...
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“CGX will not play the government” – says Guyana VP

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In his strongest rebuke yet, Guyana's Vice President, Bharrat Jagdeo has expressed strong distaste with CGX Energy's handling of their contractual obligations for the Corentyne Block. “Let me make it clear, CGX will not play the Government of Guyana” was...
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Guyana authorities affirm full transparency as plans progress on landmark gas development

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The Guyana government has reaffirmed its commitment to full transparency as plans advance on a landmark gas development project.  “The Government of Guyana has every intention of advancing, in the most transparent manner possible, the development of the infrastructure needed...
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CGX announces bid to hold on to Corentyne Block

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CGX Energy and Frontera Energy have announced a bid to hold on to the Corentyne Block, just days before a deadline that could see them relinquish the acreage if government approval is not secured. “The Joint Venture has submitted a...
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CNOOC Petroleum planning expansion of operations in Guyana

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CNOOC Petroleum Guyana Limited (CPGL) is set to lease a complex for office and residential use in support of its activities in Guyana for 20 years.  This move is part of CPGL's expansion in the region, which began with its...
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DOF Group secures major contracts with Petrobras

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DOF Group has been awarded two significant long-term contracts by Petrobras. These include a major contract for the pipelay support vessel (PLSV) Skandi Niterói and a very large contract for the anchor handling support vessel (AHTS) Skandi Botafogo. The Brazilian-built...
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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the...

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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