While participating at the Offshore Technology Conference (OTC) in Houston on Wednesday, May 4, Guyana’s Private Sector Commission (PSC) and the United States Bilateral Chamber of Commerce agreed by way of a Memorandum of Understanding (MoU) to advance trade...
ExxonMobil’s fifth proposed development offshore Guyana could produce as much as 275,000 barrels of oil per day (bpd) and could achieve first oil as early as the fourth quarter of 2026, according to the project summary seen by OilNOW.
Guyana’s...
As business activity continues to ramp up in the newest oil producing country in Latin America and the Caribbean, investors are betting big on new ventures which are set to change the face of Guyana in coming years.
On Friday,...
GAICO Construction and General Services Inc. started from humble beginnings; with a little bobcat doing small-scale construction. But now, the company has blossomed into a large-scale venture plugging millions into Guyana's development.
Its latest contribution is the acquisition of the...
Vreed-en-Hoop Shore Base Inc. (VEHSI), a US$300M project led by Guyanese businessmen, will be operational by the fourth quarter of 2023, said joint venture partner and owner of National Hardware Guyana Limited, Nicholas Deygoo-Boyer.
VEHSI is a partnership between the 100% Guyanese-owned NRG...
The International Petroleum and Maritime Academy (IPMA) has trained and certified more than 550 Guyanese since its establishment, TOTALTEC said in a release commemorating two of the school’s anniversaries.
It is celebrating one year since being awarded ISO 9001 certification,...
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...
NRG Holdings Incorporated conducted community engagements on March 25-26 for its landmark Port of Vreed-en-Hoop project. Residents from surrounding communities were given the opportunity to ask questions and raise concerns on the potential impact of the development. The activity...
As Guyanese await the completion of an agreement to strengthen insurance guarantees from ExxonMobil, Executive Director for the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that “full indemnification” is being pursued.
He said ExxonMobil affiliate, Esso Exploration and Production...
Guyanese geoscientist Ashlika Persaud says she has a deep desire, and that is to do right by her company – ExxonMobil - and her country, where the discovery of massive amounts of oil since 2015 has placed the South...
