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Opinions

Creating a more resilient Guyanese economy to overcome the challenges of the Resource Curse

Bobby Gossai, Jr. -
The theory of a ‘curse of natural resources’ can be traced back to the 1970s. The subsequent two decades saw the emergence of a significant body of research proposing a link between resource production, economic underperformance and various socio-political...
News

EITI assesses implementation in eight countries; TT acknowledged for ‘dynamic platform’

OilNOW -
As Guyana prepares to submit its first report to the Extractive Industries Transparency Initiative (EITI), the organization said on Wednesday that its Board assessed the status of eight implementing countries, including Ethiopia, Ghana, Guinea, Malawi, Mauritania, Nigeria, Norway and...
News

Liza 2 among global O&G projects pushing big volumes for 2019

OilNOW -
A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide, including the Liza Phase 2 Development Project offshore Guyana, could see sanctioned volumes of oil and gas nearly triple compared to last year’s tally. Rystad...
News

Stabroek discoveries derisking Orinduik block – Eco Atlantic CEO

OilNOW -
Rapid discoveries being made by US oil major ExxonMobil in the prolific Stabroek Block offshore Guyana are playing a key role in derisking the Orinduik Block, according to the CEO of Eco Atlantic Oil & Gas, Gil Holzman. Eco Atlantic...
News

First 100% Guyanese-owned human resource company to service O&G industry launched

OilNOW -
The first human resource company with 100% Guyanese ownership servicing the South American country’s emerging oil and gas industry was officially launched on Friday in Georgetown. Strategic Recruitment Solutions Inc. (SRSGY) is currently providing human resource services to three of...
Opinions

Maximising Guyana’s potential as an emerging resource-driven economy

Bobby Gossai, Jr. -
As an emerging resource-driven economy and one with a particularly low average income, Guyana must use its resources sectors as a platform for broader economic development, which could transform its growth prospects. However, as with other similar countries, Guyana...
News

Liza Phase 2 tops list for South America’s 2019 greenfield investments

OilNOW -
South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service players, Guyana is stealing some of the thunder as the country is emerging as an...
News

Repsol makes significant gas discovery in Indonesia

OilNOW -
Indonesia's upstream regulator SKK Migas has announced a significant gas discovery by a Repsol-led consortium at Sakakemang PSC onshore Central Sumatra. Wood Mackenzie's Research Director Andrew Harwood provides the following commentary: "Repsol's Kali Berau Dalam-2 well re-entered after well control problems...
News

Tullow confirms Guyana 2019 campaign with three-well programme set to begin in Q2

OilNOW -
Guyana will be the focus for UK-based Tullow Oil’s exploration drilling programme in 2019 as the company gears up to drill the Jethro prospect in the second quarter of the year, as the first of two planned wells on...
Featured

Security high on agenda as O&G preparations intensify in Guyana

OilNOW -
An inter-ministerial technical cooperation and petroleum committee is being set up in Guyana by the Department of Energy (DOE) as a means to encourage greater interagency collaboration; focusing on a broad spectrum of matters including security, in the country’s...
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Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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