News

News

Dutch company to supply 24 jumpers for US$12 billion Uaru Project

OilNOW -
Dutch Manufacturer, Strohm B.V has won a contract to supply ExxonMobil Guyana with 24 jumpers for its Uaru Project in the Stabroek Block. This marks the second contract for the Dutch firm from Guyana, with the first being awarded...
News

Unrealistic local content standards for jobs is counterproductive – Professor Haar

OilNOW -
International Business Professor, Jerry Haar believes that having unattainable standards in Guyana’s Local Content Policy would be counterproductive.  Professor Haar alluded that the targets for the hiring of skilled Guyanese are unrealistic and should be revised if the country wants...
News

Guyana has made more money from oil so far, than its 2021 national budget

OilNOW -
Direct revenues from oil sales, royalties, and interest in the first three years of oil production offshore Guyana amount to more than US$2 billion. Before oil production started, the government had not exceeded such spending in any of its national...
News

Guyana tops list of five fastest growing economies up to 2026

OilNOW -
A recent analysis by FocusEconomics, a provider of global forecasts, states that Guyana will lead the list of top five nations with the fastest-growing economies up to 2026. Following its examination of the economic prospects for nearly 200 nations, the...
News

TechnipFMC gets EPCI contract for Norwegian field from Wintershall Dea

OilNOW -
TechnipFMC said it has been awarded a significant engineering, procurement, construction, and installation contract by Wintershall Dea Norge AS for its Dvalin North project. TechnipFMC considers a contract significant when it is between US$75 million and US$250 million. The contract covers...
News

Update: Noble Discoverer expected at Corentyne Block in 6 days

OilNOW -
The Noble Discoverer is expected to arrive at the Corentyne Block offshore Guyana on Wednesday, January 18, according to vessel tracker, MarineTraffic. The vessel departed Trinidad and Tobago on Wednesday, January 11. The vessel will be used to drill CGX Energy’s...
News

With booming economy, Guyana working to strategically integrate more women into workforce

OilNOW -
Guyanese authorities say they are working to empower more women with the skills needed to tap into the growing opportunities in the nation’s booming economy. Since 2015, a series of major oil discoveries and start of production have propelled...
News

Guyana could export gas from the upcoming Uaru project, but there’s a catch

OilNOW -
Guyana’s largest planned oil development operation to date, the Uaru project, could export gas in addition to oil, if the partners decide to go that route. The new floating production, storage, and offloading (FPSO) vessel to be used for...
News

Exxon seeking firm to analyse Guyana crude oil sales data

OilNOW -
ExxonMobil Guyana is looking to hire a firm to provide data analysis services for crude oil sales. A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) is looking to identify suppliers who can collate...
News

Touchstone Exploration in deal for exchange of onshore assets in T&T

OilNOW -
Touchstone Exploration’s Trinidadian subsidiary, Primera Oil and Gas Limited has entered a new Asset Exchange deal with Lease Operators Limited to see the exchange of onshore Trinidad assets. Touchstone will be transferring the Fyzabad, San Francique and Barrackpore blocks –...
1...320321322...1,017Page 321 of 1,017

Latest News

Energy InsightsChevy Devonish -

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...

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.

Quick Access

Company Info

Social Networks