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BHP projects, amendment to Petroleum Tax can be game changers for T&T – Energy Chamber

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While oil production in Trinidad and Tobago has been on the decline since the 1980’s, two current events could potentially change the game in the Caribbean oil producing nation, according to the Energy Chamber of Trinidad and Tobago. In a...
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Guyanese recruitment firm hosts session on labour law

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Strategic Recruitment Solutions (SRSGY) hosted a two-hour learning session titled Employee Engagement – Guyana Labour Law, on Tuesday, September 22. This session is the first in a series specifically focusing on Employee Engagement and the different facets of the...
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Guyanese business operators taking risks, building capacity for emerging oil and gas industry

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Guyana is on a rapid journey to becoming one of the top oil producers in the Latin America and Caribbean region, going from no known resources just five years ago, to having more than 8 billion barrels of oil...
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IDB paper urges caution as Guyana’s growth set to skyrocket

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The start of oil production in Guyana last year has increased the urgency with which the South American country’s institutional capacity and regulations had to be addressed, not only in oil and gas, but other sectors as well. This is...
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Shell looking to cut upstream operations by 40%

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Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power...
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US$3.6 billion part of commitment expected for Payara development this year, approval expected soon – Rystad Energy

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Global oil and gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022, with Guyana playing a key role in pushing the industry back to gains for projects set to be approved this year, according to...
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Suriname oil discoveries estimated at 1.4 billion barrels – Rystad Energy

OilNOW -
Norway-based independent energy research and business intelligence company, Rystad Energy, says the three discoveries made offshore Suriname to date are estimated to contain combined oil equivalent resources of almost 1.4 billion barrels. Maka Central-1 and Sapakara West-1 were the first two...
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First Guyanese security firm attains ISO certification, looking to tap into O&G opportunities

OilNOW -
Through the assistance of the Center for Local Business Development (CLBD), another Guyanese firm - MMC Security Force Company - has been able to attain ISO (International Organization for Standardization) 9001:2015 certification. The company says this will better position...
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Liza 1 & 2 ‘will provide low cost energy for years to come’ – Hess CEO

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Even as governments and international oil companies pursue efforts to reduce carbon emissions on a global scale in the move towards renewable sources of energy, the Liza Phase 1 and 2 developments offshore Guyana are expected to remain highly...
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Bharrat outlines more measures for managing Guyana oil resources

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, has outlined a number of new policy directions for the extractive sectors including oil and gas aimed at strengthening technical capacities of the agencies that manage the new sector.   During a budget...
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Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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