The Ministry of Natural Resources and the Private Sector Commission (PSC) indicated, following a meeting Tuesday, that they have aligned on matters related to local content and will move together to find resolutions. The meeting involved discussions about the unbundling of...

By Dr. Carolyn Walcott and Dr. Terrence Blackman – OilNOW Guyana is poised to become the world's 4th largest oil producer by 2035. This projection, presented by Rystad Energy in its 2022 report, Guyana Upstream, concretely quantifies the wealth beneath...

Italian oil services company, Saipem was awarded three contracts totaling US$900 million for works on the Quiluma and Maboqueiro gas fields development project off the northwest coast of Angola. The contracts were awarded by the New Gas Consortium comprised of...

The World Bank and Guyana’s Government officially signed an agreement on Friday for a US$44 million Human Capital Development Project to improve access as well as learning conditions in secondary education. It is also intended to improve access to...

The Georgetown Chamber of Commerce & Industry (GCCI) is calling on Guyana’s Local Content Secretariat to delve into “contract bundling” practices being executed by a number of companies in the oil and gas industry, making it clear that it will not support such...

By Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW In May 2015, when the government of Guyana, through global oil investors, announced that oil was discovered in significant quantities offshore, economic transformation and development became state actors' preoccupation. The...

Guyana’s Natural Resources Minister Vickram Bharrat told Members of Parliament last week that the change of government in a country should not result in instability and lack of predictability, particularly regarding agreements that were in place and on which...

Caribbean Subsea Specialist Inc., (CSSI) a Guyanese majority-owned subsea services company has entered the country’s market, promising to bring world-class training to the oil and gas sector. Launched on Thursday evening, CSSI’s Operations Coordinator, Dylan Galt, said that the company...

SBM Offshore, the company building and operating floating production storage and offloading (FPSO) vessels for oil production activities offshore Guyana, is looking to fill multiple positions for its local operations. In a public notice, the company said it is looking...

Guyanese businessman and Accountant Floyd Haynes opened the New Hayven Merchant Bank on Thursday at the Marriott Hotel. The Bank's office is on Church Street in Georgetown. Under the banner ‘Guyanese Roots, Globally Connected’, the new bank will have firsthand...