SBM Offshore confirmed on Tuesday that it has been awarded contracts for the construction of the ‘One Guyana’ floating production, storage and offloading (FPSO) vessel by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL).
“Under these contracts, SBM Offshore...
Former Director of Economics at the Caribbean Development Bank, Dr. Justin Ram, said it has been observed in the past that the commercialization of mineral resources has not resulted in the kind of “broad-based” benefit across the Guyanese population,...
As Guyana continues to build capacity to regulate the oil and gas industry, the Ministry of Labour is training officers to be able to conduct inspections at the site of ExxonMobil’s offshore operations.
Minister of Labour, Joseph Hamilton told OilNOW...
The technical capacity of Guyanese to fill the demand for skilled workers in the oil and gas sector—moreso offshore—has been a concern raised in the conversation on local content. Sameer Ally, a young Guyanese, is a shining example of...
Miami Herald columnist, Andres Oppenheimer says that if President Joe Biden of the United States wants to lower gas prices there, he would be better off negotiating with Guyana, rather than Venezuela.
“President Biden recently sent a team of senior...
Said to be the largest real estate franchise in the world, the US franchise Keller Williams (KW) has announced its decision to expand into Guyana.
Already serving more than 50 countries outside of its main operations in the United States...
Guyana’s landmark gas-to-energy project will reduce emissions significantly when it becomes operational since the South American country currently utilizes heavy fuel oil to generate power. One expert also said emissions can be reduced even further with the use of...
Haifa University has bestowed geologist and Co-founder of Ratio Energy, Eitan Aizenberg with an honorary doctorate for his contribution and groundbreaking work in the field of geology, which has made a valuable contribution to the State of Israel.
In 1992,...
Hydrocarbon resources diminish over time but the need for food remains central in the human existence. Guyana now has an unprecedented opportunity to modernize and mechanise its agriculture sector so that long after the oil is gone, the South...
By Dr H. Arlington Chesney - OilNOW
Guyana lifted its first commercial shipment of oil in December 2019. This is projected to be the start of a very dominant national oil and gas industry with the estimated reserves of ten...
