In response to rising global fuel prices, the Guyana government will soon present a supplementary budget of US$66 million to the National Assembly to enable the state-owned Guyana Power and Light to subsidize electricity costs for domestic consumers.
Vice President...
The Private Sector Commission (PSC) has raised urgent concerns over payment delays from oil and gas companies, calling for reforms to ensure timely payments. In a meeting on June 14, 2024, with Minister of Natural Resources Vickram Bharrat and...
Chevy Devonish, an attorney and lecturer at the University of Guyana, is collaborating with OilNOW by way of a new column which aims to demystify the complex legal framework governing Guyana's oil and gas sector. Devonish emphasized the urgent...
Suraya Jiawan-Nanan, Chief Executive Officer (CEO) of Haukes Construction Company in Suriname, is urging local businesses to elevate their standards to meet international requirements as the country prepares for a surge in its oil industry.
Jiawan-Nanan, at the recent Suriname...
Guyanese companies in the oil sector just got a major boost. A new policy now requires that companies evaluating bids give more weight to local content, increasing it from 5% to 10%. Companies with a Local Content Certificate will...
Viridien, formerly CGG, said its Sensing & Monitoring business line, marketed under the Sercel brand, has made a sale of its Marlin™ vessel monitoring and alert system to ExxonMobil Guyana to support its offshore operations in Guyana.
The sophisticated system...
In just a few years, Guyana has achieved what many other nations have taken decades to accomplish in the oil and gas sector, said Attorney General Anil Nandlall.
“I don't want to be accused of blowing our own trumpet, but...
Petrobras has signed a Memorandum of Understanding (MOU) with Norwegian company Shearwater to advance scientific research and technological innovation in seismic processing and acquisition.
The agreement aims to enhance data quality and acquisition efficiency, essential for mapping oil fields. The...
Guyana Vice President Bharrat Jagdeo said ExxonMobil and its Stabroek Block partners can never profit more than Guyana from their petroleum operations.
“They can never earn more profit than we would earn,” he said during a June 14 press conference.
Jagdeo...
Traditionally dominated by engineers and technical specialists, the oil and gas sector is now tapping into the talents of culinary professionals trained at the Carnegie School of Home Economics.
Since Guyana's first oil discovery in 2015, the industry's growth has...
