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Can Guyana’s economic boom reverse record migration? Only time will tell

Shikema Dey -
Oil, the earth’s black gold, lies deep beneath waters in Guyana’s exclusive economic zone and has been propelling the South American country to new heights. Opportunities are boundless but a major problem exists - labor. And Guyana needs lots...
News

Greater Guyana Initiative calls for new proposals 

OilNOW -
The Greater Guyana Initiative (GGI) has put out a call for new proposals aimed at advancing strategic capacity development across the South American nation.  Backed by a substantial US$100 million (GY$20 billion) investment from ExxonMobil Guyana Limited, Hess Guyana Exploration...
News

Women in Energy Guyana to champion inclusion at landmark forum this Saturday

OilNOW -
Women in Energy Guyana is set to host the groundbreaking "Championing Women in the Energy Sector: Creating Pathways Guyana FORUM" this Saturday, June 15, 2024, from 9:00 am to 2:00 pm at the Arthur Chung Conference Centre in Georgetown....
News

Exxon data reveals 80% average annual growth in spend on Guyanese suppliers for 2017-2023

OilNOW -
ExxonMobil and its contractors grew their spend on Guyanese suppliers by an average of 80% annually, its 2023 Annual Report revealed. Spend grew from US$23 million in 2017 to US$641 million in 2023. Recent growth in spend picked up, particularly...
News

Opportunity for Guyanese to fabricate well jumpers for ExxonMobil

OilNOW -
Guyanese fabricators have a new opportunity to provide well fabrication and assembly services in support of ExxonMobil’s offshore operations. A June 7 request for information (RFI) indicates that the company plans to put in place a multi-year enabling agreement for...
News

“Look to our women population” – CLBD Director urges, to bridge 53,000 skilled worker gap 

OilNOW -
Dr. Natasha Gaskin-Peters, Director of the Centre for Local Business Development (CLDB), has called on Guyana to leverage its women population to address a looming skilled labor shortage. She appeared on a May 9 episode of the Energy Perspectives...
News

Japanese FPSO builder to engage Guyanese suppliers this week

OilNOW -
Japanese shipbuilder MODEC will hold a Vendor Engagement Forum on May 14, 2024. The company will engage with Guyanese suppliers at the Centre for Local Business Development (CLBD) office in Georgetown. The forum will include information-sharing about MODEC’s procurement...
News

45 Guyanese companies graduate CLBD’s HSSE Management System Mentorship Programme 

OilNOW -
The Centre for Local Business Development (CLBD), through the support of the Greater Guyana Initiative (GGI), plays a critical role in helping Guyanese companies understand and access increasing opportunities in the oil and gas industry, while improving their overall...
News

ExxonMobil to host forum for Guyanese drilling suppliers with major contractors

OilNOW -
ExxonMobil will host an informational forum for Guyanese businesses interested in supporting local oil and gas drilling activities. The January 11 forum will be held at the Marriott Hotel in Kingston, Georgetown from 1 p.m.  The company said its major partners...
News

Energy expert says Guyana’s strategies for managing oil wealth are first rate

OilNOW -
David Goldwyn, an energy expert with experience in the U.S. State Department and specialized work in extractive industry transparency, recently expressed high regard for the strategies Guyana has in place to manage its emerging oil wealth.  Speaking at a press...
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Latest News

NewsShikema Dey -

Ali projects GY$870 billion housing investment for Guyana, 30,000 new homes over next five years

Guyana's President, Dr. Mohamed Irfaan Ali, has outlined plans for a GYD870 billion expansion in the country's housing sector...

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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