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Guyana in talks with CARICOM states to remove trade barriers – Ali

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Guyana is in discussion with other member states of the Caribbean Community (CARICOM) to remove barriers to trade among nations, said President Dr. Mohamed Irfaan Ali on Sunday. The barriers are obstacles to the oil producing nation’s goal of making...
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T&T local content policy more “deadly” than Guyana’s; “illegal” trade barriers should be removed – Guyanese business exec

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Following criticism of Trinidad and Tobago’s trade barriers against Guyana by President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, an executive of another Guyanese business service organization, the Guyana Manufacturing and Services Association (GMSA) has...
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Analysts agree current extreme global shocks illuminate need for Guyana to pipe gas to shore

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The need for any country to build resilience against oil price volatility and global supply shocks is a recurring conversation. But when Russia invades Ukraine, and causes the biggest oil price jump in years, the urgency to convert this...
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Guyana Labour Minister aiming for monthly visits to ExxonMobil’s offshore operations

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As Guyana continues to build capacity to regulate the oil and gas industry, the Ministry of Labour is training officers to be able to conduct inspections at the site of ExxonMobil’s offshore operations. Minister of Labour, Joseph Hamilton told OilNOW...
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Natural Resources Minister warns companies not to lowball Guyanese workforce

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Guyana’s Minister of Natural Resources, Vickram Bharrat, said companies involved in the extractives sector must remove disparities in the treatment of local and expatriate workers, when it comes to pay and occupational health and safety (OHS). He said too,...
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Guyana set to deliver highest oil production ramp up for deepwater plays

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Guyana’s oil production ramp-up in the period 2021-2025 is unprecedented, and so steep that it exceeds the combined estimated growth of the next three countries combined, according to chief executive officer at Hess Corporation, John Hess. “Guyana production through 2025...
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Sameer Ally – the personification of Guyanese versatility in the oil and gas sector

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The technical capacity of Guyanese to fill the demand for skilled workers in the oil and gas sector—moreso offshore—has been a concern raised in the conversation on local content. Sameer Ally, a young Guyanese, is a shining example of...
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Guyana is open for business – 55 areas ripe for investment

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Guyana’s Office for Investment (GO-Invest) has released an investment prospectus which outlines 55 areas government wants investors to go after, with a promise of generous tax breaks and fast-tracked approvals. “Guyana is experiencing transformative and exponential growth since becoming an...
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Community engagement sessions held for Port of Vreed-en-Hoop project

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NRG Holdings Incorporated conducted community engagements on March 25-26 for its landmark Port of Vreed-en-Hoop project. Residents from surrounding communities were given the opportunity to ask questions and raise concerns on the potential impact of the development. The activity...
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Exxon drilling in area that could contain 1 billion barrels

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(Reuters) - U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful,...
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Petronas adds Roystonea-2 to Suriname exploration campaign

PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie...

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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