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CGX prepping for next target on Corentyne Block with initial cost pegged at US$93M

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CGX Resources Inc. (CRI) in partnership with its Canadian joint venture partner, Frontera Energy Corporation, said the Wei-1 prospect in the Corentyne Block will be drilled in the May to August period with costs to execute said project starting...
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Dr. Chesney hopes “substantial” oil resources will be used to expand Guyana’s agriculture sector

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Leading agriculturalist, Dr. Arlington Chesney said the Guyana government should accelerate its agriculture program, and that he hopes a substantial portion of the revenues gained from the production and sale of crude will be invested in this sector. It is...
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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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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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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