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Guyana has moved from a handful of businesses to over 600 suppliers supporting offshore operations

OilNOW -
Guyanese businesses have been playing an increasing role in the offshore exploration and production activities with more services being provided directly from local suppliers now than what previously obtained following the 2015 Liza discovery. This is a direct result of...
News

Private sector must form consortia to meet unprecedented scale of investments – Guyana President

OilNOW -
President of Guyana, Dr. Irfaan Ali is urging local private sector players to up their game and form consortia to meet the growing needs of Guyana's oil-driven economy. He made the appeal during an address at the launch of Saipem's...
News

Guyana looking to implement procurement, local content audits for oil and gas operations

OilNOW -
To ensure all stakeholders are holding up their end of the bargain to make maximum use of local goods, skills and services in their operations, the President of Guyana, Dr. Mohamed Irfaan Ali, says government will be moving to...
News

Ali calls on Guyanese investors to position themselves for opportunities in Suriname’s oil boom

OilNOW -
While it is crucial for local investors to position themselves to benefit from the opportunities that lie in Guyana’s booming oil sector, they should also take caution in not having tunnel vision. According to President Irfaan Ali, Guyanese investors...
News

Tougher local content measures will be implemented if Guyanese are bypassed by oil companies, President warns

OilNOW -
If Guyanese are bypassed by oil companies for jobs and business opportunities in the burgeoning petroleum sector, then the government would be forced to change its policy on local content, says President of the South American country, Dr. Irfaan...
News

Guyana’s leverage to be boosted with gas to shore – President Ali

OilNOW -
A significant reduction in the cost of electricity is not the only benefit that will be accrued from the Guyana government’s multi-billion-dollar gas-to-shore project slated for Wales on the West Bank of Demerara. According to President Irfaan Ali, the project...
Exploration

Guyana oil minister calls on investors to work with locals

OilNOW -
To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at...
News

Oil summit focusing on South America’s new frontier set for June

OilNOW -
The 3rd Annual Guyana International Petroleum Business Summit and Exhibition (GIPEX), will be returning this year, from June 28-30 via a virtual platform hosted jointly by Valiant Business Media (VBM) and the Ministry of Natural Resources (MNR) with support...
News

Exxon contractors reveal wide range of procurement opportunities to Guyanese vendors

OilNOW -
As exploration and production activities offshore Guyana continue to expand, so too are the needs of the multiple contractors servicing the oil and gas industry. Over 700 local businesses participated this week in ExxonMobil’s virtual Guyana Supplier Forum where...
News

Guyanese companies to hear of upcoming O&G opportunities at Exxon supplier forum

OilNOW -
More than 2700 Guyanese companies have been invited to learn more about key contracts and upcoming tenders in oil and gas, as ExxonMobil Guyana and co-venturers Hess and CNOOC get ready to stage the Guyana Supplier Forum 2021, hosted...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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