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Petrochemicals plant, oil exploration part of major agreements inked between Guyana and Dominican Republic

OilNOW -
The establishment of a petrochemical plant, a refinery, and joint oil development were major facets of new deals signed between the Presidents of Guyana and the Dominican Republic (DR) on August 8, signaling strengthened cooperation between the two countries.  A...
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With renewed Local Content certification, Blue Water Shipping Guyana is focused on enhancing Guyanese capacity

OilNOW -
Enhancing Guyanese capacity remains at the forefront of Blue Water Shipping Guyana’s plans as the company received renewed approval for its Local Content Certification from the Local Content Secretariat. The green light for Blue Water's certification recognises the company's efforts...
News

Guyanese company to set up waste transport service for oil sector

OilNOW -
Asif Auto Imports, a Guyanese vehicle retailer, is on the verge of making a stride into waste transport. They are set to establish a dedicated waste transport service tailored for the thriving oil industry in Guyana. Owner, Asif Zafarali,...
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T&T, Guyana firms set to deliver US$4 million chemical storage facility and laydown yard

OilNOW -
The rapidly developing oil and gas sector in Guyana is increasing the need for enhanced infrastructure and new services. Responding to this demand, Avocat Guyana Holdings Inc. (AGHI) has proposed the creation of a chemical storage facility and laydown...
News

Aker Solutions, SLB, Subsea7 get greenlight for tech venture, eye Q4 2023 closure

OilNOW -
A highly anticipated joint venture between Aker Solutions, SLB (Schlumberger), and Subsea7 has cleared the regulatory hurdles, marking a significant step forward towards its targeted fourth-quarter 2023 closing. The proposed collaboration, which aims to revolutionise subsea production economics, has...
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Petroleum Commission among proposed oil law amendments by opposition party

OilNOW -
The Alliance for Change (AFC), a key party in the APNU+AFC Parliamentary opposition, has published its proposed amendments to the Petroleum Activities Bill 2023, the document that’s meant to overhaul Guyana’s decades-old oil and gas regulatory framework. Key to...
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Ramps Logistics, N&S Algoo in customs brokerage joint venture

OilNOW -
Ramps Logistics Guyana Inc. (RLG) has entered into a contractual partnership with N&S Algoo Customs Brokerage Service, Ramps said in an August 8 press release.  N&S Algoo, in the sector since 2012, offers bespoke customs brokerage solutions to a range...
Exploration

Staatsolie boss confident of FID for Suriname’s Block 58 next year; says more resources accumulating

Shikema Dey -
2024 has been confirmed as the timeline for Suriname’s Block 58 Final Investment Decision (FID) signaling a potential start to offshore oil production in the South American country.  That timeline was confirmed to OilNOW by Managing Director of Staatsolie -...
News

US$128 million more in royalties, profit oil revenues deposited into Guyana oil fund in July

Kemol King -
Guyana’s Natural Resource Fund (NRF) received US$128.21 million (GY$26.73 billion) in royalties and profit oil revenues in July. The NRF closed July with US$1.86 billion. The revenues are being generated from oil production at the ExxonMobil-operated Stabroek Block.  Payment for...
News

Guyana gov’t asks House to approve GY$5 billion for Gas-to-Energy transmission, distribution work

OilNOW -
The Guyana government has submitted a supplementary provision to Parliament, proposing an additional GY$61 billion in funds for various government initiatives set for this year. Significantly, GY$5 billion (approximately US$24 million) of this has been earmarked for the Gas-to-Energy...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by 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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