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Guyana, TT O&G JV rapidly expanding to serve offshore industry

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Support from National Hardware Guyana and Concepts & Services Company of Trinidad and Tobago has led to the formation of a new oil services company based in Guyana which is set to become the region’s newest oil producer in...
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Signing contracts ahead of development approvals minimise cost overruns and lengthy delays

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The signing of contracts with ExxonMobil contractors including Saipem and SBM Offshore for works related to the Payara development prior to final government approval is not unusual since such works require lengthy lead times for planning, design and construction. So...
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‘It’s not just about monies earned but knowledge transferred, technology shared’ – Dr. Bynoe

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While the South American country of Guyana is set to earn billions of US dollars from development of its oil resources in the coming years, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe says the full...
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GTT CEO urges Guyanese to focus on creating wealth, prosperity for self and family

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The CEO of the largest telecommunications company in Guyana is urging Guyanese to carefully consider how becoming an oil producing nation will significantly transform the country which has gone from having no known oil resources to more than 6...
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SBM Offshore and Constellation complete minority ownership transaction

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SBM Offshore and Constellation Oil Services Holding S.A. said on Friday they have successfully completed the transaction regarding the sale to SBM Offshore of Constellation’s equity ownership in the lease and operating companies related to five Brazilian FPSOs. This follows...
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Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

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More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...
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Three-day O&G conference and exhibition wraps-up in Georgetown

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The Guyana International Petroleum Exhibition (GIPEX) 2019 wrapped up on Friday November 22 at the Guyana Marriott Hotel in Georgetown, with its organiser reporting participation by over 250 companies, 40 of which were local businesses. Valiant Business Media, the company...
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Guyana engaging oil companies to close skills gap

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Head of Guyana’s Department of Energy (DE) Dr Mark Bynoe says a large part of the Department’s engagement with oil companies is their contribution to education as part of the larger agenda for the South American country’s national development. Speaking...
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Guyanese companies praise networking opportunities at GIPEX 2019

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As day two of the Second Annual Guyana International Petroleum Exhibition (GIPEX) continued on November 21, at the Guyana Marriott Hotel, local companies have reported that they are benefiting from immense networking as well as business opportunities. Additionally, the University...
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Bank account to receive Guyana oil revenue to be established next week

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The account to receive oil revenue through the Natural Resource Fund (NRF) will be established next week at the Bank of Guyana. This announcement was made by Guyana’s Minister of Finance, Winston Jordan, during an interview at the opening of...
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Guyanese soldiers repeatedly attacked by armed men on Venezuelan shore during river patrols on Thursday

The Guyana Defense Force (GDF) said on Thursday that its troops came under attack by armed men in civilian...

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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