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Some Guyanese complaining about denied opportunities, despite local content law – Official

OilNOW -
Guyana's Attorney General, Anil Nandlall, recently announced the initiation of a comprehensive review of the local content framework. This move comes, he said, amid complaints that some locals are still being disenfranchised. The AG made the disclosure on his show...
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Guyana gets US$5M grant to boost human capital to handle oil-driven growth

OilNOW -
Guyana’s Ministry of Education has been awarded a US$5M grant from the Global Partnership for Education (GPE) to boost its human capital development efforts. The Inter-American Development Bank (IDB) is the designated manager for the disbursements which will occur...
News

Excellent quality fluid, with low contaminants, found at Santos basin well

OilNOW -
Petrobras said it found hydrocarbons in the Santos Basin pre-salt, in an appraisal well in the Aram block. Well 3-BRSA-1387D-SPS is located 260 kilometres (km) from the city of Santos, São Paulo, at a water depth of 1,979 metres. The...
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Guyana, Qatar strengthen diplomacy with new embassy

OilNOW -
Big names in the global oil and gas industry Guyana and Qatar have forged closer ties with the establishment of an embassy in the nation’s capital city Doha. Inaugurated on May 16, Guyana's President Dr. Mohamed Irfaan Ali told...
News

Construction on Guyana’s new Demerara River crossing begins

OilNOW -
A notice from Guyana’s Maritime Administration (MARAD) signalled the start of construction for the country’s new US$260 million Demerara River crossing. The completed structure is expected to be delivered within two years.  “As a result, an exclusive zone (Work Area)...
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Equinor operating world’s first wind farm for offshore oil and gas

OilNOW -
Equinor is operating the world's first wind farm designed specifically to power offshore oil and gas platforms. Known as Hywind Tampen, this innovative project has revolutionized the industry by combining offshore wind power with traditional oil and gas operations. Located...
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Exxon local workforce grows as Guyana investments skyrocket

OilNOW -
ExxonMobil Guyana and its contractors have demonstrated strong achievement on the local content front, investing over GY$80 billion (US$400 million) with more than 1,500 Guyanese businesses in 2022 alone. Since the initial discovery in 2015, their total expenditure with...
Exploration

Exxon keeps returning to Fangtooth discovery area

OilNOW -
The dual-activity dynamically positioned (DP3) drillship, Stena Carron, is undertaking operations in the deep waters off the Guyana coast in the ExxonMobil-operated Stabroek Block where a 7th development is being targeted. Guyana’s Maritime Administration Department (MARAD) said in a May...
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Big contract opportunities for Guyanese with VEHSI

OilNOW -
Vreed-en-Hoop Shorebase Inc. (VEHSI) is inviting locally registered suppliers to provide 91 services in support of its operations. The Expression of Interest (EOI) submissions are due by May 29, 2023. VEHSI is a joint venture between NRG Holdings Inc., a...
News

Equinor opens Njord field after NOK 31 billion in upgrades

OilNOW -
Norway has officially reopened the Njord oil field in the Norwegian Sea, marking a significant milestone in the country's energy industry. The platform and floating storage and offloading vessel (FSO) have undergone extensive upgrades. Minister of Petroleum and Energy, Terje...
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Jagdeo says LNG remains a priority as Guyana moves to monetize its gas resources

Guyana’s Vice President Bharrat Jagdeo has reaffirmed that liquefied natural gas (LNG) remains a key option in Guyana’s plan...

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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