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Oil companies commit to have contractors address equal pay concerns – Labour Minister

OilNOW -
Guyana’s new Minister of Labour, Joseph Hamilton has been engaging oil companies to address issues in the oil and gas sector such as equal pay for Guyanese workers. According to the official, companies including ExxonMobil and Tullow Oil have...
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Guyana Local Content Panel looking to begin consultations – Vickram Bharrat

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Guyana’s Minister of Natural Resources Vickram Bharrat said on Tuesday that the recently appointed Local Content Advisory Panel has already commenced work and will soon be holding consultations and workshops with the relevant stakeholders. He was at the time speaking...
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Latin America’s renewable energy capacity set to skyrocket

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Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years, Rystad Energy said in a report on Tuesday. With auctions already adopted throughout Latin America, the Norway-based...
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Another Strike: ExxonMobil announces Redtail Discovery Offshore Guyana

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Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
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Oil revenue will not be used for emergency budget – Guyana Vice President

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Authorities in Guyana said on Monday no revenue from the country’s growing Natural Resources Fund (NRF) account will be used for an emergency budget set to be presented this week. In December 2019, Guyana began producing oil at the ExxonMobil-operated...
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Different terms for other blocks – Guyana Vice President reaffirms

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Speaking at a press conference on Monday, Guyana’s Vice President, Bharrat Jagdeo, reaffirmed the  government’s position on the Stabroek Block Production Sharing Agreement (PSA), noting that it will not seek to renegotiate the deal but will however, be looking...
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Twenty-five percent of BP’s staff in T&T to be sent home

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Prime Minister of Trinidad and Tobago Dr Keith Rowley has disclosed that BPTT officials have told him they will soon be cutting 25 per cent of their workforce, according to a report in the Trinidad Guardian. However, the report cites...
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Government does not see Payara as “make or break” – Vice President

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Vice President of Guyana, Bharrat Jagdeo, said on Monday the government does not see the Payara Development project as a ‘make or break’ as it relates to benefits that would accrue to the South American country from its multi-billion...
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Guyana will benefit from “first-mover advantages” by advancing offshore developments – API Chief Economist

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New oil producer Guyana has much to gain from advancing development projects at its vast offshore oil fields where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent resources and other explorers...
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Clear realistic local content policy helpful to investors -Greg Quinn

OilNOW -
With local content legislation now being conceptualized in Guyana, outgoing British High Commissioner, Greg Quinn, has said that a clear and realistic policy will be most helpful to investors.  Speaking with OilNOW about immediate priorities for Guyana's oil and gas...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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