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“It’s not all about oil…it’s about investing in Guyanese” – TOTALTEC

OilNOW -
As the oil age dawns on Guyana in 2020, there is little time to prepare the hundreds of Guyanese that need to be trained in the basics of Oil and Gas and to obtain the necessary certifications that provide...
News

Laid-off sugar workers finding hope in Guyana’s petroleum industry

OilNOW -
Several sugar workers who lost their jobs when estates began closing in Guyana last year have now been given a second chance at acquiring new skills and gaining employment in the oil and gas industry through the operations of...
Exploration

Schlumberger CEO warns of tightening oil market

OilNOW -
The head of the world’s largest oilfield service company warned of growing global supply challenges in the coming year as Venezuelan production falls and Nigerian and Libyan output reach capacity amid lingering fears of possible sanctions against Iran, Hart...
News

Int’l experts say frontier countries offer ‘favourable fiscal terms’ to secure oil deals

OilNOW -
It is not uncommon for countries with little or no proven oil reserves to offer prospective investors favourable fiscal terms in an effort to kick-start their petroleum ambitions says the International Monetary Fund (IMF), Norway-based industry analyst, Rystad Energy...
News

Time will tell how successful Guyana policy framework for O&G is, Jamaica must prepare says former PM

OilNOW -
Former Prime Minister of Jamaica, Bruce Golding says a number of examples in the region point to mistakes that can be made by oil producing nations and while time will tell how successful Guyana is in avoiding pitfalls, Jamaica,...
News

TechnipFMC secures FPSO design contract from BP

OilNOW -
BP has awarded TechnipFMC the engineering design contract for the Tortue/Ahmeyim fields floating production, storage and offloading (FPSO) unit. TechnipFMC is the same company that has been awarded a contract by ExxonMobil Guyana for the engineering, manufacture and delivery of...
News

BP, Petrobras in strategic business alliance

OilNOW -
BP and state-owned Brazilian oil company Petrobras have announced they have signed a Memorandum of Understanding (MoU) to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond. Petrobras is globally recognized as the world’s...
News

PSC wants clear framework for development of O&G sector

OilNOW -
Guyana’s Private Sector Commission (PSC) is pushing for the country’s government to outline a clear framework for the development of the emerging oil and gas sector. PSC presented its Action Plan for the Sustainable Development of Guyana to Minister of...
News

Tina VLCC in dry-dock for 60 days as work on Liza Destiny FPSO continues

OilNOW -
The Bahamas-flagged Tina Very Large Crude Carrier (VLCC) – the vessel being converted to the Liza Destiny FPSO – has successfully dry-docked for the first time at Keppel’s shipyard in Singapore. ExxonMobil Guyana says the vessel is expected to be...
News

Guyana wants Venezuela to leave Ankoko, stop threatening companies

OilNOW -
Guyana, in its filing against Venezuela at the International Court of Justice, is asking the body to declare that the Bolivarian Republic immediately withdraw from the eastern half of Ankoko Island and refrain from threatening or using force against...
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Exxon executive affirms stability in Guyana outlook regardless of arbitration outcome

ExxonMobil’s Senior Vice President Neil Chapman said Thursday that operations and investment plans in Guyana remain “100% aligned” among...

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