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JVs could remove stumbling blocks for Guyanese companies bidding for offshore acreage

Shikema Dey -
Guyana’s first offshore bid round has been launched and as oil majors set their sights on the prime blocks up for grabs, Guyanese companies have been encouraged to team up and also, cash in on the action. But there are...
News

Guard stabbed, another relieved of weapon as intruder storms Presidential compound in Guyana

Shikema Dey -
A security officer posted at Guyana’s State House, the official residence of the First Family, was stabbed and another relieved of his weapon by an intruder who opened fire at what should be one of the most secure buildings in...
News

Intense bilateral talks ongoing to resuscitate Amaila Falls project – Pres. Ali

OilNOW -
Months after a contract for the construction of the Amaila Falls Hydropower Project (AFHP) collapsed, the government is working on reopening tenders. This is according to President Dr. Mohamed Irfaan Ali. “We’re doing assessments now. We have quite a lot...
News

With tightening gas supply, Trinidad turns to solar for energy mix

OilNOW -
With electricity rates among the lowest in the region, making Trinidad a coveted investment destination, it has been difficult to see incentives to decarbonise the nation’s energy with alacrity. Gas has been powering this success for years. But as gas supply...
News

Great opportunity for local content when new offshore blocks are awarded – business group

OilNOW -
The Guyana Manufacturing and Services Association (GMSA) is optimistic about the government’s recent announcement of a bid round for 14 blocks offshore Guyana. GMSA is the main advocacy body for local manufacturers and companies of related services and operates as a...
News

Italian company clinches US$1.2 billion in contracts for Guyana, Egypt projects

OilNOW -
Italian multinational oilfield services company Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1.2 billion USD. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the Uaru oil...
News

US$207.6M withdrawal made from Guyana’s oil fund; last one for 2022

OilNOW -
Guyana’s Minister of Finance, Dr. Ashni Singh announced the country’s third and final withdrawal from its Natural Resource Fund (NRF) for 2022, of US$207.6 million (GY$43 billion). The funds were transferred to the Consolidated Fund and will be used to...
News

SBM Offshore continues Guyana student outreach with Industrial Training Centre visit

OilNOW -
SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...
Exploration

Exxon aiming for jackpot at Tarpon-1 offshore Guyana

OilNOW -
ExxonMobil is ramping up its exploration activities offshore Guyana, targeting a new prospect at the 6.6 million acres Stabroek Block. Guyana’s Maritime Administration Department (MARAD) said in a notice that the company Guyana will be engaged in exploration drilling operations...
News

US companies dominate RFPs for Guyana’s landmark refinery

OilNOW -
CH4 Guyana Inc & Lindsayca Inc, the US-based partnership that will construct the onshore facilities for Guyana’s Gas-to-Energy project, has signalled its interest in building the nation’s first refinery. The US group in collaboration with Sol Guyana Inc. recently submitted its...
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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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