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Guyanese entrepreneurs going into pocket, bringing in partners to tackle access to finance issue

Shikema Dey -
Access to finance continues to be the common theme in local content discussions, as it remains a main hindrance to the success of local enterprises desirous of tapping into Guyana’s expanding oil sector.  As the inaugural Local Content Summit 2023...
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‘We are here to listen’ – Jagdeo to Guyana’s inaugural Local Content Summit

OilNOW -
"We are here to listen," Vice President Dr. Bharrat Jagdeo said as keynote speaker for the opening of Guyana's first ever Local Content Summit, Tuesday at the Pegasus Corporate Centre. The summit comes as the government is gearing up to...
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Trying to change contract terms willy-nilly is ‘low-life mentality’ – Tucker

Kemol King -
Former President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, is heavily criticizing calls to renegotiate the contract Guyana entered with ExxonMobil and the Stabroek Block co-venturers. Tucker pointed out that arbitrary decisions to change the...
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What Shell can add to Guyana’s oil story

Shikema Dey -
Offshore competition could heat up in Guyana, with Shell Corp. mulling a stunning return after leaving the country 10 years ago.  ExxonMobil is currently the sole oil producer in the South American country and the only company that has found...
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Saipem’s recent contract awards total US$650 million

OilNOW -
Saipem said that it was recently awarded new offshore engineering, procurement construction and installation contracts and competitive front end engineering design (FEED) contracts, totaling US$650 million.  One award is from Azule Energy for the Agogo Full Field Development project, a...
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Trinidad exploring carbon capture solutions for petrochemical sector

OilNOW -
With a target of cutting emissions by 15% by 2030, Trinidad and Tobago’s Energy Minister Stuart Young and a team of officials met with executives from three major petrochemical companies to discuss the country’s potential for carbon capture, utilisation...
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April 6 set for World Court ruling on Venezuela’s preliminary objections in border case with Guyana

OilNOW -
The International Court of Justice (ICJ) said it will make a key ruling in the border case between Guyana and Venezuela: Arbitral Award of 3 October 1899 (Guyana v. Venezuela). The judgment is not related to the conclusion of...
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Potential Ranger development could include resources at Tanager, other Kaieteur prospects – Westmount Energy

OilNOW -
Westmount Energy believes that the Tanager-1 discovery at the Kaieteur Block has potential to be a tie back for a development at Ranger, discovered in 2018 on the Stabroek Block. ExxonMobil Guyana President Alistair Routledge had told OilNOW on...
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McDermott will perform front-end work for Shell’s Manatee development in Trinidad

OilNOW -
McDermott said it has been awarded a front-end engineering design (FEED) contract from Shell Trinidad and Tobago Limited for the Manatee gas development project as part of a competitive FEED process.  Under the contract scope, the Texan company will provide...
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Liza was biggest, best prospect in a basin with zero discoveries…next target was a dry hole

OilNOW -
Updated April 2, 2023 Back in 2014, geologic models indicated a potential working hydrocarbon play in the Stabroek Block. The closest known hydrocarbon accumulations were located onshore Suriname and offshore Venezuela. At the time there were no wells in the...
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President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore...

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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