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Lowest energy rate in the region will see multiple sectors flourishing in Guyana – President Ali

OilNOW -
Guyana’s President, Dr. Irfaan Ali, told reporters at a press conference in Dubai this week that the new oil producing country is on the verge of realizing its full ‘second to none’ investment potential with the arrival of low-cost...
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Dubai-based manufacturing company using Guyana as regional springboard

OilNOW -
Some companies serving the Guyanese oil industry are moving their regional offices to Guyana, as the country is gearing up to be one of the oil provinces which will hold out the longest throughout the global energy transition. According...
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Guyana-UAE joint venture to erect US$5M manufacturing facility to support oil sector

OilNOW -
Guyana's oil sector is set to benefit from the construction of a 20,000 square foot manufacturing facility, resulting from a joint venture between Guyanese owned Global Infrastructure Solutions Guyana Inc. and Emirati owned Unidome Global DWC LLC. The US$5 million...
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Exxon set to begin public discussions on Guyana’s largest offshore project

OilNOW -
ExxonMobil local affiliate Esso Exploration and Production Guyana Limited (EEPGL) is forging ahead with its fourth offshore project at the Stabroek Block, the largest to date, at the Yellowtail Development. The company has since submitted the Environmental Impact Assessment (EIA)...
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Guyana could hit full employment capacity soon; gov’t may consider active immigration policy – VP

OilNOW -
With three major oil production projects already approved and a fourth one on the way, Guyana’s Vice President Dr. Bharrat Jagdeo said the logistics onshore and related investments in hotels and real estate to manage these developments will run...
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Brent climbs above $85 as oil prices hit multi-year high

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(Reuters) - Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent crude oil futures were up 59 cents,...
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Government proceeding with caution in major oil production ramp-up, Guyana VP tells Ghana radio

OilNOW -
For a country the size of the United Kingdom, a huge forest the size of England, which is part pf the Amazon, massive rivers, waterfalls, large deposits of minerals and fertile lands for agriculture, Guyana’s decline in fortunes has...
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Light crude is flavor of the month in India as gas demand rebounds

OilNOW -
(S&P Global Platts) India's sharp revival in gasoline appetite to surpass even pre-pandemic levels has prompted its refiners to increasingly queue up to import lighter crudes in recent months, but the fourth quarter could see a tilt in the...
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Guyana greenlights 8 more shore base facilities

OilNOW -
Noting a need for more shore base facilities to service the oil sector’s expansion, Guyana’s Minister of Public Works, Bishop Juan Edghill said the Government has given ‘no-objections’ to eight such projects, in addition to expansion works at the...
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Ghana passes on key oil lessons, experiences to Guyana delegation

OilNOW -
Development experiences in local content and oil and gas legislation, as well as the best practices for the exploitation of hydrocarbons, were just some of the lessons that were passed on to Guyana's Vice President Dr. Bharrat Jagdeo by...
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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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