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Jamaica government urged to get out of the refinery business

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A review committee appointed by Jamaica’s Prime Minister, Andrew Holness, is recommending that the government of the Caribbean island nation get out of the refinery business and instead hand it over to the private sector. According to a June 27...
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American Chambers teaming up for 1st HSSE conference in Guyana

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The American Chamber of Commerce Guyana (AMCHAM) in partnership with its counterpart in Trinidad and Tobago will be hosting the first Health, Safety, Security and Environment (HSSE) Conference in Guyana on Wednesday, July 17, 2019 at the Marriott Hotel...
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ExxonMobil’s sale of Norwegian assets could be record-breaking

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US supermajor ExxonMobil is looking to sell its Norwegian upstream assets. The portfolio has an estimated value of $3.1 billion, according to Rystad Energy. Rystad Energy partner Simon Sjøthun notes that a sale of this magnitude could be the largest...
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Orinduik drill campaign will open new chapter in Guyana oil development

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Offshore exploration in the South American country of Guyana is moving into another phase as UK-based Tullow Oil embarks on a drill campaign at the Orinduik block, making it the first attempt to find oil by a company outside...
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Stena Forth arrives in Guyana for Tullow drill campaign

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The dynamically positioned Stena Forth Class 3 drillship has sailed into Guyana waters and will soon embark on a drill campaign at the Orinduik Block where UK-based Tullow Oil and its co-venture partners are optimistic of striking crude. Tullow Oil...
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Over 1,000 Guyanese worked on projects leading up to 1st floating oil production complex

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Over 1,000 Guyanese have been working on projects that culminated with the commissioning of the 1st floating oil production complex on Saturday in Singapore. The vessel will soon set sail for the South American country where oil production is...
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Guyana law firm becomes member of Houston-based Lex Mundi

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Houston-based Lex Mundi said on Monday its Board of Directors voted unanimously to admit Hughes, Fields & Stoby as its exclusive member firm for Guyana. Lex Mundi is a global leading network of independent law firms with in-depth experience in...
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Keep wealth fund in place, don’t tie it to political machinery – US Ambassador urges

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In order to be effective, Guyana’s Natural Resources Fund (NRF) must be non-partisan. This is according to U.S Ambassador, H.E. Sarah-Ann Lynch. She made these remarks during her speech at the Guyana Manufacturing and Services Association Limited’s (GMSA) Business Luncheon...
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Baker Hughes and C3.ai announce joint venture to deliver AI solutions across O&G industry

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Baker Hughes, a GE company (NYSE:BHGE) and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels...
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Guyanese sister companies providing support services for Harvey Gulf

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Two indigenous Guyanese sister companies are stepping up their operations in the new South American oil and gas hotspot, pushing local content for US-based Marine Transport Company, Harvey Gulf. Western Logistics and Pandora Energy are working in tandem to provide...
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Guyana’s next production milestone: 1.1 million barrels with Uaru development

Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in...

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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