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2022 Year in Review of Guyana, Part 1: What I have said so far

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By Dr. Lorraine Sobers - OilNOW The year 2022 has been an intriguing one for Guyana’s energy sector: oil production and reserves have grown significantly, local content legislation came into full force, legal local content disputes arose and were settled,...
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Strong institutions, citizens’ innovative skills key to Guyana unlocking oil potential – Professor Haynes

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As oil-rich Guyana continues its quest for transformative growth, there are two main factors that will determine the extent of its success—the robustness of its institutions and government’s ability to harness the innovative gifts of its citizens. Making this point during...
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Oil pushing big demand for data, connectivity services in Guyana

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Since the discovery of oil, Guyana has undergone sector-wide changes including the digital transformation of the small South American country. That change requires innovative technology solutions whether it be onshore or offshore and to meet these needs, local telecommunications companies...
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Former Head of Guyana’s CDC appointed to lead Caribbean Disaster Management Agency

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Lieutenant Colonel Kester Craig has been appointed Deputy Executive Director of the Caribbean Disaster Emergency Management Agency (CDEMA). The Chair of the Management Committee of the CDEMA Council, Ambassador Elma Gene Isaac of Saint Lucia, announced Monday that the appointment...
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Guyana’s petroleum and renewable agendas not at odds with each other – Canadian High Commissioner

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Canadian High Commissioner to Guyana, Mark Berman, holds the view that the agendas of Guyana’s petroleum and renewable energy sectors are not at odds. In fact, the High Commissioner highlighted that the country is in a fortunate position to...
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Guyana aims to be top tier investment destination for oil, other industries – GCCI President

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With Guyana’s oil and gas sector poised to usher in a new area of unprecedented Foreign Direct Investments (FDI), it is critical that the country has a well-crafted plan to improve the business environment so that maximum benefits and...
Opinions

A UG-GOAL for Guyana: Education and National Transformation

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By Dr. Terrence Blackman and Dr. Carolyn Walcott – OilNOW Education and innovations pertinent to the needs of industry are vital to a nation's development. Therefore, state leaders must be deliberate in privileging human capital investments because of their connectedness...
Opinions

The Production Sharing Agreement, Renegotiation, and the Stability Clause (Part 1)

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By Joel Bhagwandin - OilNOW Summary The full project lifecycle of the oil and gas business is around 30 years or more. During the exploration and development stage which may span about 20 years before production, the oil companies continuously...
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JV delivers first OPITO-approved training facility for Guyana’s oil and gas industry

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ODITC – a joint venture partnership between Orinduik Development Incorporated, Windsor Technologies and 3t EnerMech – is the first entity with approval to deliver OPITO-accredited training to the oil and gas industry in Guyana. The 3t EnerMech Guyana Training Centre of...
Opinions

Guyana’s oil wealth, resource distribution, and coexisting vulnerabilities

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By Dr. Carolyn Walcott and Dr. Terrence Blackman – OilNOW Guyana is poised to become the world's 4th largest oil producer by 2035. This projection, presented by Rystad Energy in its 2022 report, Guyana Upstream, concretely quantifies the wealth beneath...
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Energy Guyana launches special edition magazine celebrating ’10 Years of Oil in Guyana’

Georgetown, Guyana – Energy Guyana has released a landmark special edition publication titled "Energy Nation: 10 Years of Oil...

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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