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Local content consultations wrap up with participation from over 180 agencies, firms

OilNOW -
The Ministry of Natural Resources (MNR) said on Tuesday that it has concluded a series of strategic engagements with various stakeholders in Guyana on the revised draft Local Content Policy (LCP). MNR said this policy initiative responds to commitments made...
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‘Level of negativity to oil industry in Guyana has always surprised me’ – Ramnarine

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Trinidad and Tobago’s (T&T) former Minister of Energy and Energy Affairs, Kevin Ramnarine, says he has been visiting Guyana frequently over the last five years and the one key thing that has always surprised him is the level of...
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Bourbon mobilizing 3 more vessels for major Guyana deepwater operations

OilNOW -
Marine Services provider, Bourbon Offshore, is mobilizing three more vessels for its operations offshore the new oil producing country of Guyana. “We now have two on long term contracts with the major operator, and with these three with a...
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Cash flow bonanza for upstream industry in 2021, Guyana remains advantaged

OilNOW -
The year 2021 has started out on a positive note for oil and gas companies – in fact, this might be the best year yet in terms of generating cash for the industry, Rystad Energy said in a report....
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Massive container ship partially refloated in Suez Canal

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(Aljazeera) Ever Given, the massive container ship blocking Egypt’s Suez Canal for nearly a week, has been partially refloated, the Suez Canal Authority (SCA) said, raising hopes the busy waterway will soon be reopened. Monday’s move comes a week after...
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Denmark-based shipping company expanding services in Guyana with 100% local workforce

OilNOW -
The massive discoveries of oil offshore Guyana continue to propel the economic prospects of the country, making it one of the top investment destinations in the hemisphere. This has seen companies all over the world flocking to the country’s...
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Saipem presents case studies on decarbonization of its operations

OilNOW -
Italian multinational oilfield services company Saipem participated in The Economist’s Sustainability Week, an event organised by The Economist, with the presentation of 2 case studies. It marks the publication’s sixth annual event dedicated to the topic of sustainability that took place...
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Major marine traffic jam in Suez Canal as 40 oil tankers, other vessels pile up

OilNOW -
The reopening of the Suez Canal is now likely to take several days, market watchers told S&P Global Platts on March 25, as almost 40 oil and LNG tankers have piled up to transit one of the world's most...
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Guyana barrels add to CNOOCs’ reserves and production – record high volumes logged in 2020

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CNOOC Limited announced on Thursday its 2020 annual results for the year ended December 31, 2020. The company said last year it strengthened confidence, focused on its own development, proactively responded to the sharp drop in international oil prices...
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Equinor makes biggest oil discovery for the year on Norway’s continental shelf

OilNOW -
Equinor and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian continental shelf (NCS). Preliminary estimates place the size of the discovery between 12 and 19 million standard...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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