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Trinidad squandered US$77B in oil revenue between 1999 & 2016 – TT Economist

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A Trinidadian Economist is urging Guyana not to make the same mistakes the twin island republic has made in the management of revenue generated from petroleum production, and the neglect of other sectors of the economy. Dr. Roger Hosein, an...
News

“Stop doing things piecemeal”- vision urgently needed for oil revenue – Dr. Adams

OilNOW -
The absence of a well-articulated vision that outlines how oil revenue will be spent to transform Guyana and improve the living standards of its small population of 750,000 is a matter that needs urgent attention. This is the view...
News

Shell Nigeria sounds alarm over potential oil spill, fire outbreak

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Shell Petroleum Development Company (SPDC) said on Sunday it was “deeply concerned” that unauthorized persons (including women and children) have been observed in close proximity to equipment at its Belema Flow Station and Gas Plant, and nearby communities, at...
News

GCCI looking to play key role in helping ExxonMobil business centre push local content

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The Georgetown Chamber of Commerce and Industry (GCCI) is looking to work closely with ExxonMobil’s Centre for Local Business Development (CLBD) in Guyana, as part of its push to build capacity across the private sector for the oil and...
News

Setting up strong framework, learning from successes can put Guyana on right path

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Among the options Guyana should consider in preparation for its emerging oil and gas industry is the development of prescriptive and outcome-based frameworks, which, according to a consultant on regulation and standards in the industry, will outline clearly how...
Exploration

Noble will begin Liza campaign in 2018 – ExxonMobil Guyana

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ExxonMobil Guyana has confirmed that Noble Corporation has been contracted by the US super-major for an offshore campaign in the Stabroek Block, located 120 miles offshore the South American country. The 2013-built Noble Bob Douglas drillship will commence operations at...
News

Guyana submits application for EITI candidacy

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Guyana officially submitted its candidature application to the International Secretariat of the Extractive Industries Transparency Initiative (EITI) in Oslo, Norway, on Friday. The application was submitted by Minister of Natural Resources, Raphael Trotman, in the presence of members of...
News

Interest from UK companies in Guyana “gone through the roof” – High Commissioner

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There has been a notable increase in the interest shown by companies in the United Kingdom (UK) to invest in Guyana since the arrival of the oil and gas sector. This was disclosed by British High Commissioner to Guyana,...
News

Youths considering O&G careers after touring ExxonMobil facilities

OilNOW -
Twelve students participating in a Youth Apprenticeship Programme being conducted by Guyana’s Ministry of Natural Resources were taken on a tour of ExxonMobil’s Centre for Local Business Development in Georgetown on Thursday. The youths were briefed on the industry and had...
News

British High Commissioner urges Guyana to update development plan

OilNOW -
Guyana’s National Development Strategy needs to be modernized and therefore, the Government of Guyana should consider seeking assistance in this process, especially since the country is moving in the direction of building a sustainable oil and gas industry. This was...
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SBM Offshore and Microsoft partner on AI-powered floating power solutions

SBM Offshore has announced a global collaboration with Microsoft to develop AI-powered floating power solutions. The partnership aims to...

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