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Eureka Atlantic Offshore Medical Services is now top provider of COVID-19 testing in oil industry

OilNOW -
Since its establishment in 2017, Eureka Atlantic Offshore Medical Services (EAOMS) is proving on a daily basis, that partnerships between local and foreign companies can be highly successful in penetrating the supply chain for Guyana’s oil industry. It has...
News

Urgent changes needed to fiscal regime if T&T is to attract investment – Task Force

OilNOW -
On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is...
News

Guyana looking to establish beneficial ownership register

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat has revealed that the Government is moving to create a beneficial ownership register. This was disclosed during his address to Guyana Extractive Industry Transparency Week (GYEITW) on Monday. Mr. Bharrat told the virtual...
News

Ali calls on Guyanese investors to position themselves for opportunities in Suriname’s oil boom

OilNOW -
While it is crucial for local investors to position themselves to benefit from the opportunities that lie in Guyana’s booming oil sector, they should also take caution in not having tunnel vision. According to President Irfaan Ali, Guyanese investors...
News

T&T looking to play leading role in regional clean energy transition – Rowley

OilNOW -
Trinidad and Tobago is looking to play a leading role in the Caribbean region as more governments look towards cleaner and renewable energy sources. The country is also adamant that it must develop its hydrocarbon resources with alacrity so...
Exploration

Exxon resumes exploration drilling at Canje Block, Repsol kicks off survey at Kanuku

OilNOW -
Exploration drilling in the Canje Block offshore Guyana continues at the Jabillo-1 prospect located approximately 261 kilometers offshore. The Stena Carron had initiated drilling operations at Jabillo-1 on March 14 as part of a three-well campaign planned this year on...
News

Guyana must balance extraction of natural resources with protection of environment – Bharrat

OilNOW -
On World Environment Day, Minister of Natural Resources, Vickram Bharrat stressed the importance of Guyana balancing the extraction of its natural resources with the protection of the environment. The need for this approach was iterated by Mr. Bharrat at a...
News

Areas being identified for shore base, major investment facilities at Region 3

OilNOW -
The Irfaan Ali-led government in Guyana is forging ahead with its national development agenda, part of which will see Region Three (Essequibo Islands-West Demerara) being transformed into a hub for oil and gas support services for the country’s burgeoning...
News

Saipem opens offshore construction facility in Guyana

OilNOW -
Italian multinational oilfield services company Saipem on Saturday opened an offshore construction facility in Guyana after noting the need for fabrication services in the country’s booming oil industry. It has so far been granted three large-scale engineering, procurement, construction,...
News

Tougher local content measures will be implemented if Guyanese are bypassed by oil companies, President warns

OilNOW -
If Guyanese are bypassed by oil companies for jobs and business opportunities in the burgeoning petroleum sector, then the government would be forced to change its policy on local content, says President of the South American country, Dr. Irfaan...
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Latest News

Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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