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Sheraton Hotel brand making debut in world’s fastest-growing economy by 2025

OilNOW -
A heightened tourist footprint in Guyana, a new oil producer and the world’s fastest-growing economy, is pushing the South American nation’s hospitality industry further. By 2025, the Sheraton Hotel and Resort brand will be present in Guyana. Marriott International Inc. –...
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Suriname “open for business” as over 2,000 energy stakeholders expected at upcoming oil and gas summit

OilNOW -
Suriname’s Energy, Oil and Gas Summit and Exhibition (SEOGS) will be making a return for its second edition, at a time when the South American nation is poised to be a major player in the global energy industry. Staatsolie Maatschappij...
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Texas-based firm to conduct impact study on Exxon’s fifth Stabroek Block development  

OilNOW -
The Houston Texas-based Acorn International will be conducting the environmental study for ExxonMobil's fifth development in the Stabroek Block - Uaru. On Monday, ExxonMobil's local subsidiary, Esso Exploration & Production Guyana Limited (EEPGL), held a public scoping meeting on Uaru at the Umana Yana....
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Trinidad’s signature energy conference returns on May 31

OilNOW -
Trinidad and Tobago’s premier energy event – the Trinidad and Tobago Energy Conference & Trade Show 2022 is set to return on May 31. The conference will be held at the Hyatt Regency Hotel and will end on June 2. It is being held under the...
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Brazil, Guyana Presidents say time for new phase of feasibility studies on regional energy corridor

Kemol King -
The Presidents of two star oil producers in South America - Brazil and Guyana - met in Georgetown on Friday to discuss how they may strengthen relations. Energy, being a going concern for both countries, was high on the...
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Exxon’s fibre optic cable, gas pipeline to follow similar route

OilNOW -
The upcoming Gas-to-Energy pipeline, which ExxonMobil Guyana will construct starting this year, will have a series of security measures including a fibre optic cable. In a project summary submitted to Guyana’s Environmental Protection Agency (EPA), ExxonMobil said the fibre optic cable...
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Exxon’s 5th project could produce up to 275,000 bpd, with first oil as early as 2026

OilNOW -
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...
News

New facility looking to introduce robotic surgery in Guyana, first for the region

OilNOW -
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,...
News

GAICO boosts dredge operations with acquisition of US$7.5M Malavi-Hopper vessel

OilNOW -
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...
News

US$300M Vreed-en-Hoop shore base to be operational by 4th quarter of 2023 – Boyer

Kemol King -
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...
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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...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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