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Payara Permit armed with two payment mechanisms on gas wastage – Bharrat

OilNOW -
In an effort to ensure Guyana’s oil industry is regulated in a manner that serves the public interest, Minister of Natural Resources, Vickram Bharrat said that the government has taken several steps to heighten the safeguards in environmental permits...
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Several companies interested in building refineries in Guyana but government says it remains cautious

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In light of the 10 billion barrels of oil equivalent resources found at the Stabroek Block since 2015 and ongoing exploration campaigns across other blocks, Guyana’s Minister of Natural Resources, Vickram Bharrat says there is “tremendous interest” from investors...
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Exxon targeting more crude at Lau Lau-1 in Guyana’s largest block

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ExxonMobil’s search for more hydrocarbons offshore Guyana continues with a new campaign targeting the Lau Lau-1 well site located at the prolific Stabroek Block where it has found more than 10 billion barrels of oil equivalent since 2015. The Noble...
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Talks on regional energy corridor slated for early 2022 – President Ali

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“Strategic discussions” on the regional energy corridor bridging Guyana, Suriname, French Guiana and northern Brazil are set to happen in January 2022, President Ali announced last Friday. In his keynote address to the 25th annual award ceremony hosted by the...
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Head of EPA goes offshore to investigate unidentified substance on water

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Following the circulation of a video on social media depicting an unidentified substance on the surface of Guyana’s offshore waters, Head of the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that investigations are being carried out to ascertain...
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Over 200 percent increase in local businesses accessing capacity building programmes – Dr. Gaskin-Peters

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Since the Centre for Local Business Development opened its doors in 2017 in Guyana to help local businesses build capacity and prepare for opportunities in the oil and gas sector, there has been a more than 200 percent increase...
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Foreign investors eyeing roads, hospitals, housing in new South American oil province

OilNOW -
Guyana’s multi-billion-barrel hydrocarbon resources and the spin-off business opportunities being created across several sectors of the economy continue to attract foreign investors from around the world. On Saturday the country’s President, Dr. Irfaan Ali highlighted the need for investment opportunities...
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“What is about to unfold in this country is unbelievable” – Ali tells manufacturing body

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Guyana’s president, Dr Irfaan Ali on Friday evening challenged the private sector to build a winning culture and to take advantage of non-traditional opportunities that will become available as Guyana continues its rapid growth and expansion, fuelled by over...
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High-level Ghana delegation in Guyana for three-day visit

OilNOW -
With the objective of further intensifying Guyana-Ghana relations, Vice President of this West African nation Dr. Mahamudu Bawumia arrived in Guyana at the Cheddi Jagan International Airport (CJIA) on Saturday afternoon. Over the next three days the Ghanaian VP, his...
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Norway group says Omicron could cost global oil market a whopping 2.9 million barrels per day

OilNOW -
The new Omicron variant of Covid-19 could cost the global oil market as much as 2.9 million barrels per day (bpd) of demand in the first quarter of 2022, bringing total expected demand down from 98.6 million bpd to...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

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