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Catering company Newrest says it is committed to equal worker treatment

OilNOW -
Newrest Guyana, the company providing catering services on the Liza Destiny FPSO said in a statement on Tuesday it is committed to upholding equal treatment for its employees and promoting local content. This follows reports of alleged mistreatment of Guyanese...
Opinions

The Natural Resource Fund Series: Part 2

OilNOW -
Summary Guyana’s Natural Resource Fund institutional and Governance framework are in line with the IMF’s recommendation and the models adopted by some of the largest SWFs across the globe. The withdrawal rule of the fund is economically justified against...
News

Wireline sales in Guyana help boost Halliburton’s Q4 revenue

OilNOW -
Halliburton announced on Monday that its total revenue for the fourth quarter of 2021 was $4.3 billion compared to revenue of $3.9 billion in the third quarter of the year. The company said in its drilling and evaluation division, revenue was US$1.9 billion—an increase...
News

150 companies, four heads of state confirmed for February energy conference

OilNOW -
Response to the International Energy Conference set to take place in Georgetown next month has been overwhelming so far with around 150 companies and four heads of state confirmed for the flagship event. “We have about 150 companies registered, some...
News

TotalEnergies exiting Myanmar as coup worsens

OilNOW -
Following the February 1, 2021, coup in Myanmar, TotalEnergies said it has firmly condemned on several occasions the abuses and human rights violations taking place there. The company said since then its decisions have been guided by clear principles:...
News

Builder of Guyana FPSOs has kept its promise, says Human Resource Manager

OilNOW -
When Dutch floater specialist SBM Offshore entered Guyana in 2016, the objective was made clear—to operate in a responsible manner, contribute to the country’s development, and ensure that local capacity is developed so that Guyanese can be at the...
News

Media report on oil block ‘recklessly repeats malicious distortion’, says former Guyana Prime Minister

OilNOW -
Former Prime Minister of Guyana Samuel Hinds, now the country’s Ambassador to the USA and OAS, says a report which appeared in several sections of the media on the offshore Canje block recklessly repeats malicious distortion of the facts. Below...

Guyana Energy Conference 2022

OilNOW -
The International Energy Conference and Exhibition- Guyana 2022 is being hosted from February 15-18th, 2022 in Georgetown, Guyana. It will be the premier annual meeting of local, regional and international energy experts in Guyana. It is a staple in...
News

Liza Unity start-up, gas-to-energy FID among major projects for Exxon this year – Routledge

OilNOW -
Guyana’s oil production will almost triple this year as the state-of-the-art Liza Unity floating production storage and offloading (FPSO) vessel comes on stream, adding to the output from its sister unit, the Liza Destiny. ExxonMobil is also looking to make...
News

Guyana inviting proposals for combined construction of gas-to-energy facilities

OilNOW -
Even though it has already received Expressions of Interest (EOIs) for the construction of the natural gas fired power plant for the imminent landmark gas-to-energy project, the Guyana government is now inviting proposals from firms that are capable of...
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Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery....

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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