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Decision soon on bids for Trinidad deepwater auction – Energy Minister

OilNOW -
The government of Trinidad and Tobago is expected to issue a decision on the lone four bids it got from its recent deepwater oil block auction which saw 17 blocks up for grabs. Energy Minister, Stuart Young, recently made the disclosure. Young told...
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Ramps Logistics secures contract extension with Exxon following court win in Guyana

OilNOW -
Ramps Logistics Guyana Chief Executive Officer (CEO), Shaun Rampersad has confirmed that following his company’s receipt of a Local Content Certificate, it was able to secure an extension of its contract with ExxonMobil affiliate, Esso Exploration and Production Guyana Limited...
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Guyanese bureaucrats pushing development, inclusivity – visiting US official

OilNOW -
New partnerships are expected to be built from a successful trade mission by a 30-member private sector team out of Louisiana. Said to be the largest US trade mission in Guyana, it was organised by the US Embassy and...
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Guyana private sector calls for expansion of categories ring-fenced under local content law

OilNOW -
The Private Sector Commission (PSC) on Thursday hosted a forum to solicit feedback from its members on the strengths and weaknesses of the Local Act of Guyana, which is poised for its first periodic review. The event was held at...
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US$800 million in Middle East, Africa contracts awarded to Saipem

OilNOW -
Saipem said it has been awarded new offshore drilling contracts; three in the Middle East and two in West Africa. It is now able to focus exclusively on offshore work, after closing the sale of its onshore business to KCA Deutag...
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‘People cannot fall out of the sky and claim benefits as Guyanese’ – Bharrat

Kemol King -
Vowing to put systems in place to prevent what he called ‘fronting’ and ‘renting’ of citizens, Minister of Natural Resources, Vickram Bharrat, rebuked the practices as unfair to Guyanese who have stayed and worked in Guyana to make the country...
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150 local suppliers participate in SBM Offshore compliance session in Guyana

OilNOW -
One hundred and fifty local suppliers in Guyana participated in a dual session on compliance held by SBM Offshore on Tuesday in Georgetown. The sessions, facilitated by the Centre for Local Business Development, are the most recent in a series...
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Audit finds key mechanisms for Guyana’s response to oil spills substantially in place

OilNOW -
Guyana’s Auditor General, Deodat Sharma, has found that the oil-producing country has adequate mechanisms in place to receive support from other countries should there be an unmitigated spill. Sharma made this commentary in a report following his performance audit of...
News

Local Content Certificate is a powerful tool when being evaluated for contracts – Dr. Pertab

OilNOW -
Having a Local Content Certificate not only demonstrates to regulators that you are a legitimate Guyanese company or joint venture in the oil and gas supply chain, but it also puts you in an advantageous position during the evaluation...
News

Hess completes sale of interest in Libya asset

OilNOW -
Global energy company, Hess Corporation, announced Wednesday that it has completed the sale of its 8.16% interest in the Waha Concession field in Libya. Hess said this was done in equal shares to TotalEnergies and ConocoPhillips. As a result of the...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

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