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US$9.6M plaza to be built at Vreed-en-Hoop near to major port facility

OilNOW -
GUYCAN INVESTORS GROUP INC. plans to invest GY$2 billion (approximately US$9.6 million) for the development of a plaza complex called SPECTRUM. The complex, to be situated at 14 Coglan Dam, Vreed-en-Hoop, West Coast Demerara, will include a restaurant, supermarket,...
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Private sector targets Canada on quest to strengthen Guyana passport

OilNOW -
The Canadian Government's announcement that it will grant visa-free access to eligible travellers from 13 countries has been met with applause and an appeal from Guyana. The Georgetown Chamber of Commerce & Industry (GCCI) has called upon Canada to...
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MACORP to construct heavy-duty wharf in Guyana, boosting transportation infrastructure

OilNOW -
Machinery Corporation of Guyana (MACORP) plans to construct a heavy-duty wharf at Providence on the East Bank of Demerara, according to documents submitted for approval by the Environmental Protection Agency (EPA).  “MACORP is always seeking to better serve our customers...
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Guyana gets most votes among nations elected to UN Security Council

OilNOW -
Guyana, the rising oil star in South America, has secured a seat on the United Nations Security Council for the period 2024-2025. Guyana was elected as a non-permanent member of the UN Security Council, alongside Algeria, Republic of Korea,...
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Facility with 25-tonne overhead cranes capable of docking three ships simultaneously for East Bank corridor

OilNOW -
Diamond Property Management, Inc. (DPM)/ Diamond Shorebase Inc (DSB) has eyed the construction of a new dock facility at Friendship, on Guyana’s East Bank corridor, in response to the increasing demand for port infrastructure as the country’s oil sector...
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Environment body grants Ramps Logistics EIA exemption for US$5M apartment complex for oil sector

OilNOW -
Ramps Logistics Guyana is pursuing the development of a US$5 million luxury apartment in the South American country in response to the housing demand brought on by the budding oil sector. The country’s Environmental Protection Agency (EPA) has said no Environmental...
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EOI out for MODEC mooring services 

OilNOW -
Builder of Guyana’s fifth production vessel – Mitsui Ocean Development & Engineering Company Inc. (MODEC) – is seeking Guyanese firms that can provide offshore installation of mooring equipment.  MODEC in a public Expression of Interest (EOI) said it is looking...
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Exxon will not neglect its responsibilities in the event of an oil spill– Routledge

OilNOW -
Top officials at ExxonMobil Guyana are reiterating that stringent measures remain in place to prevent an oil spill at its Stabroek Block operations. Company officials say in the unlikely event there is an incident, a robust set of tools,...
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Halliburton strengthens technological prowess with acquisition of Resoptima AS

OilNOW -
In a strategic move to strengthen its position in the technology-driven reservoir management sector, Halliburton has announced the acquisition of Resoptima AS, a renowned Norwegian company. Resoptima specialises in data-driven reservoir management, providing innovative solutions to enhance oil and...
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Saudi Arabia’s Prince Abdulaziz suggests potential extension of new production cut, pledges commitment to market stability

OilNOW -
Saudi Arabia has unveiled an aggressive oil strategy by announcing an additional one million barrels per day (b/d) cut in its crude production. Energy Minister Prince Abdulaziz bin Salman made the announcement on June 4 as part of a...
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The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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