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The Nigerian Production Sharing Contract: An Overview

OilNOW -
The Production Sharing Contract (PSC) was widely introduced in 1993 to address some of the issues faced by the Joint Operating Agreement (JOA) and also to provide a suitable agreement structure for encouraging foreign investment in offshore acreage. Under...
Opinions

Effective leadership with responsible followership

OilNOW -
While not seeking to insert one’s view on the Budget 2018 debate, which kicks off today (December 4, 2017), there are some important fundamental pronouncements contained in the Budget speech as they relate to the emerging Oil and Gas...
News

ExxonMobil courts Guyanese companies for support contracts

OilNOW -
US oil major ExxonMobil has begun to up the ante in its push to sensitize the Guyanese business community of opportunities during its exploration and development phases in the coming decades and is in fact encouraging private companies from...
News

High expectations of jobs created riots in African territories – Anthony Paul

OilNOW -
Author of Guyana’s draft local content policy framework, Anthony Paul, is warning that expectations of large-scale job creation in the South American country’s emerging oil and gas sector could lead to serious challenges down the road. Mr. Paul, a UNDP...
News

Exxon business centre reaches out to Linden

OilNOW -
ExxonMobil’s Centre for Local Business Development (CLBD) in collaboration with the Linden Chamber of Commerce met last Wednesday with local businesses from Linden as part of a series of country wide meetings with the business community in Guyana, South...
Opinions

O&G food production synergy

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“To be interested in food but not in food production is clearly absurd,” sums up the eternal obligation of any responsible population and their leaders who must give priority to food availability and food affordability. For decades, Guyana has...
News

SBM seeking manpower services for Liza Destiny as conversion of VLCC begins

OilNOW -
SBM offshore subsidiary; Guyana Deep Water Operations Inc. (GDO), is inviting companies to bid for the provision of manpower services for the operation of the Liza Destiny FPSO, scheduled to arrive in Guyana late 2019. GDO said via a public...
News

Massive O&G outreach awareness exercise planned for 2018

OilNOW -
The Guyana government is looking to embark on a wide-ranging coast-to-coast oil and gas outreach awareness programme in 2018 that will also include visits to Guyanese living in the diaspora. Minister of Natural Resources, Raphael Trotman, during a recent interview...
News

Government must facilitate more informed views on oil – Presidential Advisor

OilNOW -
A number of people in Guyana are suspicious of the country’s emerging oil and gas industry and their elected representatives, says Advisor to the President on Petroleum, Dr. Jan Mangal. He believes that government must do more to facilitate...
News

Guyana urged to guard against Trinidadian takeover of oil & gas sector

OilNOW -
The Government of Guyana, private sector and citizens at large are being urged to guard against what is being described as a clear attempt by Trinidad & Tobago to monopolize opportunities in the South American country’s emerging oil and...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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