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OTC 2019: “We’re emerging as an oil and gas nation” – GO-Invest CEO

OilNOW -
CEO of the Guyana Office for Investment (GO-Invest), Owen Verwey, is heartened by the traffic passing through the Guyana Booth at the Offshore Technology Conference (OTC) currently taking place in Houston Texas, USA, saying that the opportunities for networking...
Opinions

Macroeconomic effects of oil price volatility and the implications of energy subsidy reforms

Bobby Gossai, Jr. -
Sharp increases in the price of oil and other energy products are referred to as classical examples of negative supply shocks (Hamilton 2005). Increases in the price of oil lead to increases in the cost of production, which in...
News

Guyana hits milestone with submission of 1st EITI report

OilNOW -
Guyana’s first Extractive Industries Transparency Initiative (EITI) Annual Report has been successfully submitted to the International Secretariat on the submission deadline of April 25, 2019; a milestone in Guyana’s march to becoming a fully compliant member of the Norway-based...
News

Harvey Gulf wins contracts in Guyana, 3 other locations

OilNOW -
Harvey Gulf International Marine said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname. This follows the company’s commitment to global in September 2018 and the opening of its Guyana office in March this year. The...
News

Guyanese & TT JV construction company secures contract for ExxonMobil new Ogle HQ

OilNOW -
Nabi/KCL Oilfield Construction Services Guyana has secured the contract for the construction of ExxonMobil affiliate Esso Exploration and Production (Guyana) Limited’s new head office located at Ogle, East Coast Demerara. Nabi/KCL Oilfield Construction Services said in a statement on Thursday...
News

Saipem ramping up work ahead of Liza Destiny arrival; in-country fabrication planned for Phase 2

OilNOW -
Over the next few months Italian oil and gas contractor Saipem will be ramping-up operations offshore Guyana as preparatory work gets underway ahead of the arrival of the Liza Destiny in Q3. This includes a survey of the sea floor...
News

AmCham aiming to attract foreign investment to Guyana at upcoming NY forum

OilNOW -
The Guyana affiliate of the American Chamber of Commerce (AmCham) will be hosting a Business Forum and Outreach with members of the business community in New York on March 2 at the Inter-Continental Hotel at Times Square. The forum was...
News

First 100% Guyanese-owned human resource company to service O&G industry launched

OilNOW -
The first human resource company with 100% Guyanese ownership servicing the South American country’s emerging oil and gas industry was officially launched on Friday in Georgetown. Strategic Recruitment Solutions Inc. (SRSGY) is currently providing human resource services to three of...
Opinions

Maximising Guyana’s potential as an emerging resource-driven economy

Bobby Gossai, Jr. -
As an emerging resource-driven economy and one with a particularly low average income, Guyana must use its resources sectors as a platform for broader economic development, which could transform its growth prospects. However, as with other similar countries, Guyana...
News

Just twenty-eight days: more Guyanese benefiting from opportunities offshore

OilNOW -
Lindon Swamy’s wife is used to missing him. For more than two decades, Lindon spent months at a time away from home working at sea as a ship’s mechanic. He is completely at ease in the engine room of a...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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