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From brown sugar to black gold; a new beginning

OilNOW -
With the fall of Guyana’s sugar industry and the closure of four sugar estates, over 5000 employees of the Guyana Sugar Corporation (GuySuCo) were laid off, with many of them left in a state of uncertainty as to their...
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Guyanese energy market outlook and the new philosophy

Bobby Gossai, Jr. -
The laissez-faire economic philosophy and the increasing dissatisfaction with the performance of public enterprises can lead to the explicit attempt to opt for a market solution which will abandon the main features of the current “energy policy”. Hence, there...
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Former Guyana President calls oil blocks probe a ‘shakedown’

OilNOW -
Former President and Opposition Leader of Guyana, Bharrat Jagdeo, says he is not opposed to an investigation into the distribution of oil blocks offshore the South American country, however, he is calling for this investigation to be conducted independent...
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US oil output poised to set yet another record in 2019 – Rystad Energy

OilNOW -
US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Rystad Energy is raising its forecast for US crude output to 13.4 million...
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Brazil facing offshore gas constraint issues

OilNOW -
Brazil urgently needs investment in offshore pipelines and onshore processing facilities to develop its offshore gas resources, according to Wood Mackenzie. The consultant expects the country to deliver close to 5 MMb/d of oil in the late 2020s, with more...
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Britain, Guyana reaffirm friendship as South American country preps for oil windfall

OilNOW -
Guyana’s President, David Granger, on Thursday said the United Kingdom remains a strategic partner of Guyana, noting that the relationship between the two countries has provided valuable assistance to Guyana in numerous fields. The President was at the time speaking...
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Italian oil contractor Saipem opens office in Guyana

OilNOW -
On Tuesday, June 4, 2019, Italian oil and gas industry contractor Saipem celebrated the establishment of its first country office in Guyana. The office, located in Georgetown, will serve as the headquarters for their local operations. While the company has...
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More Guyanese being trained and employed in O&G industry

OilNOW -
With the impending Oil and Gas industry in Guyana, a matter of great concern has been local content, and how Guyanese can benefit from the industry--not just the resource but employment and getting them ready for the employment opportunities...
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Will Venezuela’s oil output collapse in 2019?

OilNOW -
(Rigzone) Fitch Solutions does not expect to see Venezuela’s oil output collapse and go to zero in 2019, according to the company’s head of oil and gas analysis, Joseph Gatdula. The Fitch Solutions representative conceded that the oil sector in...
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GYSBI, TOTALTEC ramp up manpower recruitment drive ahead of Liza Destiny arrival

OilNOW -
The Guyana Shore Base Inc. (GYSBI) and TOTALTEC Oilfield Services will be collaborating to recruit and train over 120 Guyanese in basic safety and oilfield operations to enable them to successfully join and participate in the South American country’s...
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

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