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Denmark-based shipping company expanding services in Guyana with 100% local workforce

OilNOW -
The massive discoveries of oil offshore Guyana continue to propel the economic prospects of the country, making it one of the top investment destinations in the hemisphere. This has seen companies all over the world flocking to the country’s...
News

Former TT energy minister explains why Guyana is poised to become regional powerhouse and is ‘at the beginning of its gas story’

OilNOW -
Since oil production began in Trinidad and Tobago (T&T) in 1908 and the commercialization of natural gas, which started later, in the 1950s, the country’s economy has grown, making it one of the most prosperous in the CARICOM region. Today,...
News

Suez Canal blockage estimated to cost $6 billion to $10 billion a week in lost trade

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(Reuters) The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe's biggest insurer also found that each week of...
News

Professor wants Guyana to set up special ministry for employment, training

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Preparing a qualified workforce is the essential function of Guyana’s educational system says Dr. Terrence Richard Blackman, an associate professor of mathematics, and a founding member of the Undergraduate Program in Mathematics at Medgar Evers College. In his most recent column...
News

Suez Canal disruption pushes crude 4% higher

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(S&P Global Platts) Crude oil futures settled 4% higher March 26, clawing back most of the prior session's losses as the market eyed an extended disruption in the Suez Canal and the likelihood OPEC would hold back supply amid...
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Mexico president wants law that could suspend oil permits, analyst predicts ‘serious consequences’

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(Reuters) - Mexican President Andres Manuel Lopez Obrador sent a bill to Congress on Friday that could enable the government to suspend permits in the oil industry, as part of a drive to bolster state control of energy at...
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Merger of drillers Noble, Pacific points to troubled state of oilfield service sector

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(S&P Global Platts) Noble Corp.'s acquisition of Pacific Drilling announced this week in a merger of drillers points to the troubled state of the oilfield service sector, even with more activity expected this year as the industry recovers from...
Exploration

ExxonMobil’s 6th drill ship arrives in Guyana

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The Noble Sam Croft has arrived offshore Guyana taking the total number of drill ships on contract with ExxonMobil operating in the South American country to six. The Sam Croft was recently released from drilling operations in neighbouring Suriname where...
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Final Local Content Policy must ensure Guyanese are valid partners not mere “window dressing”- GCCI Senior VP

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Even though it regards the current revised draft Local Content Policy as a vast improvement over the previous version, the Georgetown Chamber of Commerce and Industry (GCCI), one of the key groups representing business in Guyana, still believes there...
News

Saipem presents case studies on decarbonization of its operations

OilNOW -
Italian multinational oilfield services company Saipem participated in The Economist’s Sustainability Week, an event organised by The Economist, with the presentation of 2 case studies. It marks the publication’s sixth annual event dedicated to the topic of sustainability that took place...
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Guyana government sets firm January 2026 deadlines for local content approvals

The Ministry of Natural Resources has announced a new fixed timeline for reviewing and approving local content certification applications....

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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