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Post-election chaos could threaten long-awaited oil windfall in Guyana

By David E. Lewis and Anthony T. Bryan - Caribbean News Global At the end of last year, the tiny South American nation of Guyana made headlines as the country predicted to register the world’s fastest economic growth rate in...

Over 2,400 Guyanese suppliers now accessing O&G procurement opportunities

More than 2,400 Guyanese businesses are now registered on the Centre for Local Business Development’s (CLBD) Supplier Registration Portal where they are able to access procurement opportunities in the oil and gas sector. Since the start of operations in July...

Liza Crude could be ‘oil of choice’ as refiners seek lighter, sweeter blend

The relaxing of COVID-19 lockdown measures is resulting in more vehicles taking to the roads and this is driving up the demand for lighter, sweeter oil which refiners need to produce gasoline. With a sulfur level of 0.51% and...

Hundreds of Guyanese businesses accessing CLBD’s online training courses

Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre for Local Business Development (CLBD) as COVID-19 restrictions continue to prevent indoor sessions from being conducted. Since its establishment in 2017,...

OilNOW – News and Information from the Oil and Gas sector in Guyana

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Guyana will attract more investment if border controversy is settled

(South Florida Caribbean News) The Guyana/Venezuela Border controversy needs to be resolved soonest so that Guyana can further exploit the resources of its maritime space and landmass which is being claimed by Venezuela. This was the view shared by three...

Recount shows Guyana opposition secured majority of votes in elections

A 33-day long recount of the ballots in Guyana’s March 2 General and Regional Elections shows that the opposition People’s Progressive Party Civic (PPP/C) secured a majority of the votes and pending a declaration by the electoral body, should...

SBM Offshore in search of technicians, engineer for Guyana operations

SBM Offshore is looking to fill several more positions for its activities in Guyana where it operates the Liza Destiny Floating Production Storage and Offloading (FPSO) oil production complex at the Stabroek Block. The company said in a new advertisement...

Early project approvals will shield Guyana from further reductions in oil revenues – AMI experts

The COVID-19 pandemic and decline in oil prices are causing major economic disruptions to crude producers around the world forcing them to adjust their projected revenue inflows downward as lockdown measures continue to curtail demand. Americas Market Intelligence (AMI) experts...

More than half of 2020 licensing rounds set to be wiped out – Rystad Energy

More than half of the world’s planned licensing rounds are likely to be cancelled this year due to the combined effect of the COVID-19 pandemic and the ongoing oil price war, a Rystad Energy impact analysis forecasts. New licensed...

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Patrick Brunings nominated to lead new Oil and Gas Ministry

PARAMARIBO, SURINAME - Suriname’s incoming coalition government has nearly finalized its Cabinet ahead of the July 16 inauguration, with...