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Consultant for Payara review expected within days – Natural Resources Minister

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The independent consultant being engaged by the Government of Guyana to review the work that has been done so far by the Department of Energy for the 220,000 barrels per day Payara Development Project is expected to arrive in...
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Guyana’s Local Content Policy for review

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Guyana’s Minister of Natural Resources, Vickram Bharrat, says the newly installed PPP/C government will take steps to review and amend the Local Content Policy which was this year finalized by the previous administration. Mr. Bharrat said that following an initial...
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Caribbean’s first virtual Oil and Gas summit planned for September

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Valiant Business Media (UK) and Valiant Business Media (Guyana) will host the Caribbean’s first virtual oil and gas summit from September 15-17, 2020 in response to fast-growing interest in in the Region’s energy sector among prospective investors and other...
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Guyana opportunities high on the agenda of upcoming digital business event

OilNOW -
Plans are gathering pace for a digital business event which will highlight opportunities to link businesses in the North East of Scotland with a newcomer on the list of oil producing countries. Building on the success of the first ever...
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Sources say Venezuela wins grace period on China oil-for-loan deals

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(Reuters) - Venezuela’s government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that are paid off with oil shipments, according to three sources in...
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Drilling rigs count collapsing globally but Guyana offshore remains resilient

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Even as the number of rigs drilling for oil and gas continues to collapse globally, activities offshore Guyana not only continues, but is being ramped up, particularly in the ExxonMobil-operated acreages, including Stabroek Block where the company has so...
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Oil spurring hope and strengthening bond between two of South America’s smallest nations

OilNOW -
Guyana and Suriname, with populations of approximately 780,000 and 575,000 respectively, are among the smallest countries on the South American continent, both in terms of area and inhabitants. But these two small nations have now become a big deal with...
Exploration

A tough summer for oil-dependent nations may foretell their new normal

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(Bloomberg) --From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future. Iraq has seen fatal protests as its electricity grid buckles amid searing heat,...
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ExxonMobil Guyana workforce expands; over GY$14B spent locally in first half of 2020

OilNOW -
ExxonMobil Guyana said on Wednesday more than 2000 Guyanese are supporting its operations in the South American country, representing 55 percent of the total workforce. The company said its direct workforce grew to 155, more than 50 percent of which...
News

Employment at Oil Field Service companies lowest in a decade

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The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and delayed projects, forcing the industry to deploy cost-cutting measures. A Rystad Energy analysis of the top 50 oilfield service (OFS) firms show that staffing is...
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‘Lil Red Community Centre’ commissioned through partnership with Food for the Poor Inc. and SBM Offshore Guyana

Residents of Little Red Village on Guyana’s Essequibo Coast now have access to a new community hub following the...

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