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Trent University Prof. cautions Guyanese on oil development ‘myth’ at GIPEX 2018

OilNOW -
Trent University Professor, Suresh Narine, told participants at the Guyana International Petroleum Exhibition and Summit (GIPEX 2018) held in Guyana last week that revenue from oil production must be utilized to ensure across the board improvements in peoples’ development...
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GO-Invest makes pitch to oil executives for investments in support sectors

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Chairperson of the Guyana Office for Investment (GO-Invest) Board of Directors, Patricia Bacchus, on Wednesday made a pitch to international oil executives participating in the inaugural Guyana International Petroleum Exhibition and Summit (GIPEX 2018), urging them to explore investment...
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First shipment of pipes for oil production arrives in Guyana

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The first shipment of piping material to be used for oil production in the Liza development project offshore Guyana arrived on Wednesday evening at a shore base facility in the South American Country. This represents a major step towards the use...
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ExxonMobil adds 2.7 Bbbl to reserves, replaces 183% of 2017 production

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Exxon Mobil Corporation has added 2.7 Bboe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 Bboe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016....
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Guyana gov’t commends ExxonMobil on commitment to local content

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Guyana’s Ministry of Natural Resources on Friday commended ExxonMobil affliate Esso Exploration and Production Guyana Limited (EEPGL) and its partners HESS and CNOOC Nexen for their commitment to implementing the local content obligations embedded in its Petroleum Agreement with...
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Guyanese company team up with Trinidadian firm in O & G

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Guyana’s Oil and Gas sector continues to grow with the coming on stream of more indigenously-owned companies providing support services to the industry, the latest being GUYSONS Oil and Gas Logistics and Services. The announcement was made by GUYSON’s Chief...
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Guyanese, Canadian entrepreneurs collaborate to offer services for O&G sector

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Guyanese public relations firm, Sagacity Media, and Canadian consultancy, the Caron Hawco Group, have joined forces, through a memorandum of understanding, to offer consulting services targeting Guyana’s oil and gas industry. Guyana Strategic Services will specialize in strategy communications,...
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Guyanese Private Sector condemns ‘anti-investment’ advert

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An advertisement appearing in two privately owned Guyanese newspapers that coincided with the convergence of hundreds of oil and gas executives in the country for the opening of the inaugural International Petroleum Exhibition & Summit (GIPEX), has been roundly...
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Sod turned for first Petroleum Academy

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Totaltec Oilfield Services on Thursday held a ground breaking ceremony to inaugurate Guyana’s first oilfield service academy as the South American Nation prepares for first oil in 2020. Guyana’s Minister of Natural Resources, Raphael Trotman, has been designated Honorary Patron. Located alongside...
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Guyana, T&T companies merge to provide O&G logistics, support services

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Guyana’s Oil and Gas sector continues to grow with the coming on stream of more indigenously owned companies providing support services to the industry, the latest being Guysons Oil and Gas Logistics and Services. The announcement was made by Guysons...
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Saipem secures US$720 million offshore contracts, including a major Guyana project

Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea...

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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