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Over 1,600 more Guyanese to be hired by oil sector over next three years

OilNOW -
Guyana’s oil and gas sector is set to hire over 1,600 Guyanese in the period 2024-2026. During the reading of the 2024 national budget, Guyana's finance minister, Dr. Ashni Singh, outlined the hiring forecast as detailed in the five-year...
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TechnipFMC gets ‘significant’ Gulf of Mexico contract from bp

OilNOW -
TechnipFMC said it has been awarded a significant contract by bp for its Argos Southwest Extension project in the Mad Dog field. Significant contracts, according to TechnipFMC, are valued between US$75 million and US$250 million. Guyana among major oil producers driving...
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Six Guyanese selected for aviation security roles with Omni Helicopters

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Omni Helicopters has officially selected six Guyanese for the roles of search and rescue (SAR) rear crew with additional aviation security responsibilities, according to a January 15 press update. The selected team members, who have already commenced training, are...
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Construction of Guyana’s Gas-to-Energy power plant to commence in Q2 2024 – Minister

OilNOW -
Guyana’s Finance Minister, Dr. Ashni Singh, announced the anticipated commencement of the construction of the Gas-to-Energy (GtE) integrated facility, which includes a 300-megawatt (MW) power plant, in the second quarter of 2024. The government contracted a US-based group (CH4-Lindsayca)...
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Guyana to rank proposals for refinery and greenlight environmental studies in first quarter

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Guyana's Finance Minister, Dr. Ashni Singh, said the government received nine proposals from parties interested in building a refinery in the country’s Berbice region. Out of these, five were shortlisted and are currently under evaluation. The final ranking of...
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Saipem to appeal Brazil’s 2-year public contract ban amidst allegations of irregularities

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Milan-listed offshore engineering and construction company Saipem is set to appeal a two-year ban on signing new contracts with the Brazilian public administration following an investigation into alleged irregularities surrounding a deal signed with Petrobras in 2011. The suspension, imposed...
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Another Exxon-led project may connect to Gas-to-Energy pipeline alongside Liza

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Guyana’s Natural Resources Minister, Vickram Bharrat, has confirmed to OilNOW that studies are underway to determine which of ExxonMobil’s Stabroek Block projects can utilize the additional capacity of the Gas-to-Energy pipeline, following start-up in 2025. Mr. Bharrat said, “The Liza...
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U.S. imports first cargo of Guyana’s Payara Gold crude

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The United States of America has imported a cargo of Payara Gold crude for the first time, according to data from U.S. Customs and S&P Global Commodity Insights. The one-million-barrel cargo, shipped by China's CNOOC and consigned to ExxonMobil,...
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Guyana to revise oil law to spend more of its windfall this year

OilNOW -
The Guyana government is set to propose a revision of the withdrawal rule in its Natural Resource Fund (NRF), Finance Minister Dr. Ashni Singh said during a Jan. 15 reading of the country’s 2024 budget. This change aims to...
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Nigeria starts up 650,000 bpd Dangote refinery

OilNOW -
Nigeria's 650,000 b/d Dangote refinery has commenced fuel production, the Dangote Group announced on January 12. The facility has the potential to end the nation's reliance on gasoline imports, according to S&P Global Commodity Insights. The refinery, a US$19 billion...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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