SBM Offshore is positioning itself to benefit from the global energy transition.
The company has its eyes set on achieving net-zero emissions by 2050 and...
Italian oil services company, Saipem was awarded three contracts totaling US$900 million for works on the Quiluma and Maboqueiro gas fields development project off...
Chemtech International is hoping to lead the way for Guyana’s downstream industry with the establishment of a US$200 million oil refinery and integrated post-petrochemical...
Guyana’s Local Content Secretariat (LCS) has created a new portal to help streamline opportunities for locals available in the country’s oil and gas industry.
The...
SBM Offshore is positioning itself to benefit from the global energy transition.
The company has its eyes set on achieving net-zero emissions by 2050 and...
By Dr. Carolyn Walcott and Dr. Terrence Blackman – OilNOW
Guyana is poised to become the world's 4th largest oil producer by 2035. This projection, presented by Rystad Energy in its 2022 report, Guyana Upstream, concretely quantifies the wealth beneath the nation's surface. The viability of oil wells has set the country on an economic trajectory of 7.8B per annum by 2030 and a cumulative take of 157 billion USD by 2035. This shift in...