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Guyana oil development unaffected by political tug-of-war

OilNOW -
As political uncertainty in Guyana intensifies following a court ruling on Tuesday that paves the way for early elections, oil development offshore remains firmly on course and all systems are in place for production start-up within months. The David Granger-led...
News

Anadarko taps TechnipFMC for major subsea contract

OilNOW -
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a number of subsea contracts by Anadarko Moçambique Área 1, Lda, a wholly owned subsidiary of Anadarko Petroleum Corporation, for its Mozambique Golfinho/Atum development. TechnipFMC was awarded a major Contract for the...
News

Court ruling puts early elections back on front burner in oil-rich Guyana

OilNOW -
With Guyana being just months away from first oil, the country is also now facing an early election in just as little time.  On Tuesday the Caribbean Court of Justice (CCJ) ruled on a trio of cases related to...
News

Favourable prospects provide opportunity for Guyana to scale-up infrastructure, other spending – IMF

OilNOW -
With oil production on the horizon, the International Monetary Fund (IMF) says the medium-term prospects for the South American country of Guyana are ‘very favourable’ and provides an opportunity for government to scale-up capital and current spending to address...
News

Task force launched ahead of first oil to push urban development master plan

OilNOW -
An inter-agency task force for crafting an urban development master plan intended to redefine the developmental agenda of the Guyana government, in keeping with the country’s oil and gas sector, was launched on Monday at the Regency Hotel, Hadfield...
News

Venezuela reportedly gives Russia control of gas deposits near TT

OilNOW -
This week, Nicolás Maduro gave two new gas deposits to Russia, offering up 100% of the project and all gas rights exploited, according to a report on online news service Panam Post. The report, published on June 14, said...
News

‘Invite World Petroleum Council to assess Guyana’s O&G readiness’ – former minister

OilNOW -
Former Guyanese Minister of Natural Resources Robert Persaud is calling on the Government of Guyana to invite a world recognised body to review the South American country’s activities in the oil and gas sector. But he added the caveat that...
Exploration

Why explorers are in the grip of an existential crisis

OilNOW -
The energy transition is challenging the raison d'etre of conventional exploration, which has always been the industry's primary engine for growth. So says Andrew Latham, Vice President of Global Exploration at Wood Mackenzie. In a low-carbon future, is there still room...
News

“Grab each and every opportunity” in O&G – Guyanese youths urge

OilNOW -
The late influential business writer Peter Drucker once said, "the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” This is also the advice being given to youths by two young men who have...
News

Guyanese company looking to boost aviation manpower capacity as country preps for first oil

OilNOW -
Guyanese firm, Orinduik Development Inc., is seeking to strengthen the country’s aviation sector through the establishment of an institute - Guyana Aviation Polytechnic - that will offer a range of programmes in aviation technology, as the South American country...
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Latest News

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GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13...

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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