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Bourbon supply vessel en route to Guyana sinks; 3 crew members rescued

OilNOW -
Following search operations of tug supply vessel Bourbon Rhode which started on September 26, the mobilized rescue teams have recovered a lifeboat with 3 crew members on board, the lifeboat having been identified by a Falcon 50 especially equipped...
Opinions

Policy considerations for the licencing arrangements of Guyana offshore blocks

Bobby Gossai, Jr. -
To maximize the potential national benefits appropriate licensing, taxation, depletion and pricing policies are required. Given the high degree of geological uncertainty in the early years, some use of the discretionary licensing system to award acreage was appropriate, but...
Exploration

Mid-Atlantic Oil & Gas among those supporting QC Alumni Math Camp

OilNOW -
Junior partner in the Canje block offshore Guyana, Mid-Atlantic Oil & Gas, is one of several companies supporting the Queen’s College of Guyana Alumni Association (NY), Inc. (QCAANY) 2019 Math Institute Summer Camp. For the fourth consecutive year, QCAANY will...
News

Two years on: Exxon business centre on a mission to make access to training easier

OilNOW -
The Centre for Local Business Development (CLBD), which was established back in July 2017 to help build the capacity of Guyanese businesses to better position themselves for the oil and gas industry, is on a mission to make training...
Exploration

Guyana is one of the main beneficiaries of deepwater reinvention

OilNOW -
Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at opposite ends of the development spectrum. Deepwater represents large, expensive and complex long-cycle projects best suited...
Opinions

Efficiency and options for privatisation of Guyana’s energy market

Bobby Gossai, Jr. -
The concept of efficiency and its measurement are contentious. Hence, the option for the route of introducing a more competitive environment, and to consider whether this might prove a more effective approach to improving the electricity industry’s performance; is...
News

Over 400 Guyanese applied for jobs at energy department; new office on the horizon

OilNOW -
Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe says an important aspect of the department’s action plan is for it to be housed in a new building at an appropriate site within two years as Guyana continues...
News

OTC 2019: “We’re emerging as an oil and gas nation” – GO-Invest CEO

OilNOW -
CEO of the Guyana Office for Investment (GO-Invest), Owen Verwey, is heartened by the traffic passing through the Guyana Booth at the Offshore Technology Conference (OTC) currently taking place in Houston Texas, USA, saying that the opportunities for networking...
Opinions

Macroeconomic effects of oil price volatility and the implications of energy subsidy reforms

Bobby Gossai, Jr. -
Sharp increases in the price of oil and other energy products are referred to as classical examples of negative supply shocks (Hamilton 2005). Increases in the price of oil lead to increases in the cost of production, which in...
News

Guyana hits milestone with submission of 1st EITI report

OilNOW -
Guyana’s first Extractive Industries Transparency Initiative (EITI) Annual Report has been successfully submitted to the International Secretariat on the submission deadline of April 25, 2019; a milestone in Guyana’s march to becoming a fully compliant member of the Norway-based...
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Letter-to-the-Editor: Empowering Guyanese youth in the offshore energy ector

Dear Editor, As a recent graduate of the University of Guyana, I've been reflecting on the future that lies ahead...

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