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Guyana certifies major oil companies local content compliant after successful 2022

OilNOW -
TechnipFMC, Halliburton, Baker Hughes, Saipem, and ExxonMobil have received approvals for their 2023 Local Content Annual Plans.  The event, held May 15, saw the presence of the Minister of Natural Resources, Vickram Bharrat, along with key representatives from the aforementioned...
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Softening loan requirements could help leapfrog more businesses to opportunities in oil sector – Report

OilNOW -
As Guyana’s oil sector continues to give rise to a multiplicity of business opportunities, the Inter-American Development Bank (IDB) recently asserted that there are several hurdles authorities must address to ensure citizens are able to effectively leapfrog to these...
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Guyana is Suriname’s best bet for natural gas

Shikema Dey -
Suriname’s mega port coined Firebird LNG will see US$5.4 billion being invested to create a shore base and an economic zone - similar to that of the Vreed-en-Hoop Shore Base Inc. (VEHSI) which will service ExxonMobil Guyana’s Yellowtail development.  Phoenix...
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Guyana tax regulator boosting capacity for oil audits

OilNOW -
With five sanctioned projects in the Stabroek Block, and a sixth in the pipeline for review, the Government of Guyana has mandated its regulators to establish a special oil and gas auditing unit to keep track of the growing...
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Fate of thousands of businesses and opportunities for Guyanese at stake with insurance ruling – PSC

OilNOW -
An umbrella organisation representing businesses across Guyana is now speaking out, following the recent court ruling on oil spill insurance in the South American country. The Private Sector Commission (PSC) said in a statement on May 20 that it is...
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As Guyana barrels grow, US looking for supplies to replenish strategic reserve

OilNOW -
With its newfound oil wealth, Guyana has quickly become an attractive partner for countries seeking to diversify their energy sources. And Guyana could be the market for the United States (US) to tap into as it is actively exploring...
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Stabroek Block singlehandedly propelling Guyana’s economy forward

Kemol King -
The growth of oil production offshore Guyana is singlehandledly propelling Guyana’s national economy forward. That much has been obvious for the past few years. An examination of the data shows just how striking this correlation is between the two.  In...
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Guyana to employ strict justification guidelines to monitor cost overruns on oil projects

OilNOW -
Guyanese authorities have assured that a strict monitoring process is in place to ensure all cost overruns for projects in the Stabroek Block are scrutinised. This was specifically noted by Vice President, Dr. Bharrat Jagdeo, the chief policy maker...
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Gas-to-Energy project on track for 2024 delivery – Jagdeo

OilNOW -
Guyana’s Environmental Assessment Board (EAB) has upheld a decision by the Environmental Protection Agency (EPA) to not require a separate Environmental Impact Assessment (EIA) for Guyana's upcoming 300 megawatts (MW) natural gas power plant. The power plant is expected...
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PHOTOS: CGX forging ahead with work on Berbice Deep Water Port

OilNOW -
Work on CGX Energy’s Berbice Deep Water Port is progressing, as the company aims to have it partially operational by the fourth quarter. It is being built on 30 acres of land adjacent to and north of Crab Island...
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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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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