News

Keppel delivers first of three jackup rigs to ADNOC Drilling

Keppel Offshore & Marine Ltd (Keppel O&M), said Thursday it has delivered the first of three jackup rigs to ADNOC Drilling Company PJSC (ADNOC Drilling). The three rigs were part of a series of five rigs that Keppel FELS had...

Guyana in driver’s seat on energy issues regionally, globally – ExxonMobil Guyana President

ExxonMobil Guyana President, Alistair Routledge, explained recently that Guyana’s place in the global energy arena carries immense significance. He made the comment as he announced that Exxon is once again a lead sponsor of the International Energy Conference and...

Guyana said it had fired energy consultant for corrupt practice under World Bank-funded project

The World Bank recently announced that it debarred, with conditional release, an individual consultant for being engaged in a corrupt practice under the Petroleum Governance Management Project, a US$20 million initiative it funds to help prepare Guyana for oil. Subsequently,...

Equinor seeks Norway’s approval for US$1.48 billion Irpa gas project to supply Europe

Norwegian oil major, Equinor, said it submitted a plan for development and operation (PDO) of the Irpa gas discovery, formerly known as Asterix, to Norway’s Minister for Petroleum and Energy, Terje Aasland. Proven in 2009, the deepwater gas discovery called...

COP 27: New climate fund to be established for vulnerable states

The 27th Conference of Parties, better known as COP27, ended in Sharm el-Sheikh, Egypt over the weekend with a matter of critical importance to Guyana being decided upon – a climate fund for countries grappling with climate-related disasters. A breakthrough agreement on “loss and...

Exxon, Cherie Blair sponsored programme delivers training to 96 more Guyanese women

The Road to Growth and Road to Finance programmes sponsored by the ExxonMobil Foundation in partnership with the Cherie Blair Foundation for Women through ActionINVEST Caribbean Inc., has churned out 96 new female graduates. The women are now equipped...

Fourth edition of Who’s Who in Guyana Business Directory launched

ActionINVEST Caribbean Inc., has launched the fourth edition of its Who’s Who in Guyana Business Directory - 2023 Edition. Dr. Vishnu Doerga, Chairman of ActionINVEST Caribbean Inc., told OilNOW on Tuesday that the investment guide focuses on 14 key sectors...

Exxon RFI out for pipeline dewatering, related services for Gas-to-Energy project

ExxonMobil Guyana plans to put in place an agreement for the dewatering of an offshore pipeline and the drying and nitrogen packing of an onshore/offshore pipeline system near Georgetown and offshore Guyana. As such, the company is on the hunt...

Only hope for resolution of Guyana/Venezuela border controversy lies with World Court – Greenidge

Hearings concluded at the International Court of Justice (ICJ) on Tuesday, on Venezuela’s preliminary objections to the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela) filed by Guyana. Making closing remarks at the seat of the Court in the Netherlands,...

Local companies urged to join forces or risk losing out on opportunities in oil sector

Guyana’s Natural Resources Minister, Vickram Bharrat recently appealed to members of the business community to cease being a vessel for the “crab-in-a-barrel” mentality. This phrase describes a group of like-situated people who hurt each other in attempting to get...

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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...