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Local Content Bill closes loopholes for favouritism, monopolies – Guyana Attorney General

OilNOW -
In an effort to ensure there is a level playing field for all companies participating in the trillion-dollar oil sector, Guyana’s Local Content Bill 2021, proposes several mechanisms to banish opportunities for favouritism and the creation of monopolies. This...
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‘Faith, trust and hope must ignite Guyana into the future’, Ali says in Christmas message

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Guyana’s President, Dr. Mohamed Irfaan Ali, says despite global challenges Guyana will continue to rise and it is the combination of faith, trust and hope that will propel the South American country towards prosperity in the coming years. “Each of...
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IMF greenlights $688 million for Suriname

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The International Monetary Fund on Wednesday approved a program to rebuild Suriname’s foreign reserves, which will disburse $688 million over a three-year period, $55 million of which will be distributed immediately, Reuters reported. The program seeks to bring down public...
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Better interest rates from banking sector, building ‘One Guyana’ on Ali’s radar

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Focus on how the banking sector in Guyana can play a bigger role in national development and how every Guyanese can benefit from the economic explosion in the new oil producing South American country are on the radar of...
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Safe operations, multiple discoveries and big local spend mark outstanding year in Guyana for Exxon

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President of ExxonMobil Guyana Alistair Routledge says the company has had a safe year of operations in line with its commitment to “Nobody Gets Hurt”. Recalling the safety performance for the year, he disclosed that there were hundreds of...
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Exxon’s Chairman to attend February 2022 energy conference in Guyana

OilNOW -
Chairman and Chief Executive Officer of ExxonMobil, Darren Woods, will attend the International Energy Conference and Expo Guyana 2022, slated for February 15 to 18 at the Guyana Marriott Hotel Georgetown. Guyana’s President Dr. Irfaan Ali will deliver the Keynote...
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Argentina’s oil output to surpass 600,000 bpd on Vaca Muerta rally

OilNOW -
Argentina’s massive Vaca Muerta shale play reported yet another month of outstanding oil production growth, with October volumes surpassing 190,000 barrels per day (bpd) for the first time in history on the back of a record-high number of wells...
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Oil stable on signs Omicron might be fairly containable

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(Reuters) - Oil prices were broadly stable on Thursday as signs the worst effects of the Omicron coronavirus variant might be fairly containable were countered by new curbs amid surging case numbers. Brent crude futures was up 19 cents, or...
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Qatar Petroleum signed biggest long-term LNG contract with CNOOC

OilNOW -
The number of long-term contracts for liquefied natural gas (LNG) has increased in 2021, following a drop in 2020 when short-term spot contracts were favoured, according to GlobalData. The data and analytics company said 23 long-term contracts were signed...
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Guyana inviting proposals for combined construction of gas-to-energy facilities

OilNOW -
Even though it has already received Expressions of Interest (EOIs) for the construction of the natural gas fired power plant for the imminent landmark gas-to-energy project, the Guyana government is now inviting proposals from firms that are capable of...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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