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Guyana oil fund withdrawals approaching US$1 billion to date for 2023

OilNOW -
Guyana has made its seventh withdrawal from the Natural Resource Fund (NRF) according to the Ministry of Finance.  In a release, it was said that the government withdrew US$100 million (GY$20.8 billion) on November 23. Total withdrawals now stand at...
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Local farm commissions cutting-edge greenhouse supported by SBM Offshore Guyana

OilNOW -
Plympton Farms achieved a milestone under the Green Farms Initiative, inaugurating a three-acre greenhouse at Dora along the Linden Highway on November 24. The ceremony marked the culmination of a pivotal stage in a tripartite collaboration between SBM Offshore...
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Oil to play major role in Argentina economy, signals President Elect Milei

OilNOW -
Countries around the world, from rich to developing, continue to pursue the monetization of their oil and gas resources so that much-needed revenue can be plugged into their economies. Addressing the election of Javier Milei as President of Argentina, Adrian...
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Saipem Guyana Inc. seeks occupational health and infirmary services for Stabroek block operations

OilNOW -
Saipem Guyana Inc., one of the major contractors for ExxonMobil's Stabroek Block operations, has issued an Expression of Interest (EOI) for occupational health and infirmary services aimed at enhancing on-site medical provisions and emergency response capabilities. The services encompass comprehensive...
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McDermott secures contract for engineering and construction at Trinidad & Tobago’s Manatee gas field project

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U.S.-based contractor McDermott has clinched a contract to spearhead engineering and construction efforts at the Manatee gas field project in Trinidad and Tobago, a venture initiated by Shell. This latest development follows McDermott being granted a limited notice to proceed...
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U.S. and Guyana army strengthen military partnership at meeting this week

OilNOW -
Leadership from the United States Army 1st Security Force Assistance Brigade (SFAB) and the Guyana Defence Force (GDF) convened on November 27-28, further cementing the military partnership between the U.S and Guyana. The discussions held between the U.S. and GDF...
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50% of UK companies on trade missions have made at least one concrete deal in Guyana – Dr. Singh 

Shikema Dey -
Tangible investments in Guyana have been made by 50% of companies from the United Kingdom (UK) looking to tap into the South American nation’s market. This is according to Finance Minister, Dr. Ashni Singh.  “I will say that previous trade...
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World Court to issue ruling on Venezuela referendum Friday

OilNOW -
A ruling on the request made by Guyana for provisional measures to block questions outlined in Venezuela’s December 3 planned referendum will be made on Friday by the International Court of Justice (ICJ). A release from the World Court said,...
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Oil has unleashed a tsunami of opportunities in South America’s lone English-speaking nation

OilNOW -
Nestled on the northern tip of South America, the small nation of Guyana, now the fastest growing economy in the world, will become the continent’s second biggest oil producer by 2027. The massive success the country has seen in...
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Guyana sets record with 500 projects in a year funded by carbon credits – VP Jagdeo

OilNOW -
Within one year of receiving the first set of payments for its internationally validated forest carbon credits, the Guyana Government has set a new record of implementing 500 projects, all of which will lend to the sustainability of over...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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