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Guyana just months away from adding to South America’s O&G supply

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Guyana will begin producing oil within months at a modest peak rate of 120,000 barrels per day but with a rapid acceleration that will see production ballooning to almost 1 million bpd by the mid-2020s, adding to the South...
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Stena Forth en route to Guyana for Orinduik drill campaign

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Eco (Atlantic) Oil & Gas Ltd. said on Monday the Stena Forth drillship has been mobilized and is now en route to Guyana from West Africa where it has been operating for Tullow Oil. The drillship is expected to...
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Liza Unity hull launched at China shipyard

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Chinese shipyard Shanghai Waigaoqiao Shipbuilding has launched the world’s first floating production, storage and offloading vessel built under SBM Offshore’s Fast4Ward design for phase 2 of the Liza Development offshore Guyana. On June 8, the Liza Unity, built by Waigaoqiao...
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Former minister says oil blocks awarded legally; calls probe ‘election propaganda issue’

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Former Guyanese Minister of Natural Resources and the Environment, Robert Persaud, said he refuses to be dragged into what he called an election propaganda campaign in the ongoing issue surrounding a probe by the State Asset Recovery Agency (SARA)...
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From brown sugar to black gold; a new beginning

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With the fall of Guyana’s sugar industry and the closure of four sugar estates, over 5000 employees of the Guyana Sugar Corporation (GuySuCo) were laid off, with many of them left in a state of uncertainty as to their...
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Italian oil contractor Saipem opens office in Guyana

OilNOW -
On Tuesday, June 4, 2019, Italian oil and gas industry contractor Saipem celebrated the establishment of its first country office in Guyana. The office, located in Georgetown, will serve as the headquarters for their local operations. While the company has...
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More Guyanese being trained and employed in O&G industry

OilNOW -
With the impending Oil and Gas industry in Guyana, a matter of great concern has been local content, and how Guyanese can benefit from the industry--not just the resource but employment and getting them ready for the employment opportunities...
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GYSBI, TOTALTEC ramp up manpower recruitment drive ahead of Liza Destiny arrival

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The Guyana Shore Base Inc. (GYSBI) and TOTALTEC Oilfield Services will be collaborating to recruit and train over 120 Guyanese in basic safety and oilfield operations to enable them to successfully join and participate in the South American country’s...
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Staatsolie, TT oil company enter production sharing contract for Nickerie block

OilNOW -
Staatsolie Maatschappij Suriname N.V. and Trinidad and Tobago’s Decker Petroleum Marketing Co. LTD, have signed a production sharing contract for the Nickerie block. Decker will explore the Nickerie block for oil and gas. The duration of the contract, signed on...
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Canje explorers not contacted in ‘oil blocks probe’; says all laws were followed in application for acreage

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As more stakeholders continue to speak out regarding an apparent investigation being conducted by an anti-corruption agency in Guyana over the award of oil blocks in the lead up to the 2015 national elections, two partners in the Canje...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

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