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Industry will need 20M b/d, Guyana a timely supply boost — Wood Mackenzie Chairman

OilNOW -
Guyana has emerged as a key contributor to global oil production at a moment when the industry faces a critical need for additional supply, Simon Flowers, Chairman of Wood Mackenzie, said on February 17 at the fifth Edition of...
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Guyana ‘a cornerstone’ of ExxonMobil’s global portfolio – Ammann

OilNOW -
ExxonMobil’s Upstream President, Dan Ammann, has described Guyana as “a cornerstone” of the company’s global portfolio, citing scale, speed of execution and long-term value creation. He made the remarks on February 17, during the Guyana Energy Conference and Supply...
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Ghana’s Cybele Energy targets 160,000 b/d at Guyana’s S7 Block; sees 400M barrels recoverable – Chairman 

Trichell Sobers -
Beatrice Mensah Tayui, Executive Chairman of Ghana-based Cybele Energy, said the company is targeting production of 160,000 barrels of oil per day at Guyana’s S7 Block, and sees more than 400 million barrels of recoverable resource potential. Mensah‑Tayui was delivering...
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GCCI President to investors: ‘Do not underestimate the micro, small, medium-sized enterprises’

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Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith on Thursday urged foreign and regional investors to actively partner with Guyana’s micro, small and medium-sized enterprises (MSMEs), cautioning against concentrating opportunities among only large firms. She delivered the remarks...
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GRA, Local Content Secretariat clamping down on ‘rent-A-citizen’ practices in Guyana – Natural Resources Minister 

OilNOW -
The Guyana Revenue Authority (GRA) and the Local Content Secretariat are upping their enforcement of “rent-a-citizen” practices designed to bypass the country’s Local Content Act (LCA). This is according to Minister of Natural Resources Vickram Bharrat, speaking exclusively with...
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Guyana Technical College becomes ‘largest and most complex’ project in LearnCorp International’s history

OilNOW -
Canadian training company, LearnCorp International, said its work on the Guyana Technical Training College Inc. (GTTCI) represents “the largest and most complex undertaking in our company’s history,” as the US$120 million facility advances offshore workforce training in Guyana. The company...
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Minister Brunings confirms talks with Guyana on potential Gas-to-Energy collaboration with Suriname 

Işıl Güneş -
Suriname’s Minister of Oil, Gas and Environment, Patrick Brunings, has confirmed that discussions were held with Guyana’s President Irfaan Ali during the Guyana Energy Conference this week regarding potential collaboration between the two countries on gas-to-energy development. Speaking to OilNOW...
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SBM Offshore, Local Content Secretariat push transparency and digitization at ‘Let’s Talk Local Content’ forum

Shikema Dey -
Transparency, access and supplier readiness were at the center of discussions on Thursday when industry and government officials addressed the ‘Let’s Talk Local Content’ forum.  The forum was held on day three (February 19) of the Guyana Energy Conference and...
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Guyana well-positioned to tackle energy poverty – Chevron Chairman

OilNOW -
Mike Wirth,  Chevron Chairman and Chief Executive Officer (CEO), said Guyana is poised to play a major role in delivering energy to meet growing global demand and address energy poverty.  Wirth was at the time delivering remarks at the fifth...
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‘My Barima-Waini & Me’ – SBM Offshore and partners introduce new curriculum to hinterland schools in Guyana 

OilNOW -
Students and teachers in Region One are now better equipped to connect classroom learning with their environment, culture, and community following the official handover of the Environmental Education Curriculum (EEC), “My Barima-Waini & Me: Our Culture, Landscapes & Wildlife.”  The...
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US$100 per barrel scenario would ‘remove any remaining hesitation’ and speed up Guyana project sequencing – Rystad Energy says

Artem Abramov, Head of Oil and Gas Research at Rystad Energy, said a US$100-per-barrel oil environment would make companies...

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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