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Opinions

Puran Brothers – From domestic waste disposals to servicing the oil and gas sector

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When the first oil discovery was announced in 2015, Guyanese and local businesses were keen to find out how the industry would benefit them. For Puran Brother’s Incorporated, while their services were not directly aligned with the industry, they...
Opinions

Will Guyana become the next United Arab Emirates? Only time will tell

OilNOW -
By Arthur Deakin - OilNOW  In late January, the Guyanese PPP administration introduced a U$2.6 billion budget for 2022 where it will consume 100% of the funds stored in its Sovereign Wealth Fund (SWF). By year’s end, the SWF will...
News

Guyana moving towards approval of Exxon’s largest offshore project at Stabroek Block to date

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The Guyana government is putting everything in place for the approval of the giant 250,000 barrels per day Yellowtail Development Project soon with Vice President Dr. Bharrat Jagdeo telling reporters on Thursday all systems should be in place by...
Opinions

The Natural Resource Fund Series: Part 2

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Summary Guyana’s Natural Resource Fund institutional and Governance framework are in line with the IMF’s recommendation and the models adopted by some of the largest SWFs across the globe. The withdrawal rule of the fund is economically justified against...
News

Wireline sales in Guyana help boost Halliburton’s Q4 revenue

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Halliburton announced on Monday that its total revenue for the fourth quarter of 2021 was $4.3 billion compared to revenue of $3.9 billion in the third quarter of the year. The company said in its drilling and evaluation division, revenue was US$1.9 billion—an increase...
News

150 companies, four heads of state confirmed for February energy conference

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Response to the International Energy Conference set to take place in Georgetown next month has been overwhelming so far with around 150 companies and four heads of state confirmed for the flagship event. “We have about 150 companies registered, some...
News

TotalEnergies exiting Myanmar as coup worsens

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Following the February 1, 2021, coup in Myanmar, TotalEnergies said it has firmly condemned on several occasions the abuses and human rights violations taking place there. The company said since then its decisions have been guided by clear principles:...
News

Builder of Guyana FPSOs has kept its promise, says Human Resource Manager

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When Dutch floater specialist SBM Offshore entered Guyana in 2016, the objective was made clear—to operate in a responsible manner, contribute to the country’s development, and ensure that local capacity is developed so that Guyanese can be at the...

Guyana Energy Conference 2022

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The International Energy Conference and Exhibition- Guyana 2022 is being hosted from February 15-18th, 2022 in Georgetown, Guyana. It will be the premier annual meeting of local, regional and international energy experts in Guyana. It is a staple in...
News

Liza Unity start-up, gas-to-energy FID among major projects for Exxon this year – Routledge

OilNOW -
Guyana’s oil production will almost triple this year as the state-of-the-art Liza Unity floating production storage and offloading (FPSO) vessel comes on stream, adding to the output from its sister unit, the Liza Destiny. ExxonMobil is also looking to make...
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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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