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Guyana President pledges full transparency in stewardship of O&G sector

OilNOW -
Guyanese Head of State, President David Granger has pledged his administration’s ethical stewardship of the country’s developing Oil and Gas industry and integrity in the management of the revenues from the sector. In addressing his supporters at the People’s National...
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Guyana Business Minister to meet with potential UK investors

OilNOW -
Guyana’s Minister of Business Dominic Gaskin will be travelling to the United Kingdom (UK) to meet with potential investors in a number of the South-American nation’s productive sectors, including the emerging petroleum industry. The decision to send the Minister on...
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GRA boss for overseas oil and gas training

OilNOW -
Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia, has been selected to attend the 5th Government Oil & Gas Fiscal Summit in the United Kingdom. It takes place from October 4 -5, 2018. This was announced by Guyana’s...
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No more cheap fuel…for some

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Venezuelan President Nicolás Maduro has the announced the end of Venezuela’s notoriously inexpensive subsidized gasoline for opponents. According to a report in the Panam Post, the Venezuelan President said on August 14 that he will maintain the subsidy for...
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Oil refinery not on “immediate horizon” – Guyana Finance Minister

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As preparations move forward in Guyana for oil production, set to begin in less than 24 months, the country’s Finance Minister, Winston Jordan, says the prospect of building a local refinery is not an immediate concern of government. Mr Jordan...
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Kosmos on location for new drill campaign at Pontoenoe-1 in Suriname

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Kosmos Energy’s Ensco DS-12 drillship is on location approximately 17 km east of the Guyana-Suriname maritime boundary in its new search for hydrocarbons at the Pontoenoe-1 prospect on Block 42 offshore Suriname. OilNOW understands the Ensco DS-12 arrived on location...
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Int’l expert was envisioned to head Guyana’s Energy Department – Fmr Presidential Advisor

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When initial discussions took place on what the requirements should be for the person to head Guyana’s new Department of Energy, expertise in the area of oil and gas was one of the main criteria. Speaking to OilNOW from Houston,...
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Students, lecturers briefed on Guyana’s transparency efforts

OilNOW -
The Guyana Extractive Industries Transparency Initiative (GYEIT) is currently engaged in an awareness campaign, aimed at educating students and Lecturers of Technical Institutes across Guyana, particularly those studying in the extractive fields, on the importance of the implementation of...
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‘Listen to the voices of wisdom and not just multinational agencies’ – fmr Natural Resources Minister

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-Constitutional reform vital to independence of oversight of oil and gas revenues Former Minister of Natural Resources and the Environment Robert Persaud cautioned that the country must not be dependent only on multinational agencies for advice but listen to the...
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ExxonMobil prime contractor Saipem in new hunt for services in Guyana

OilNOW -
Italian-based Saipem, one of ExxonMobil Guyana’s prime contractors, is once again in search of services for its operations in the South American country. Saipem America Guyana Branch is inviting companies to express interest in bidding for the provision of a...
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With his wife standing faithfully at his side, Nicolás Maduro took the oath of office for his third term...

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