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Guyana inks new deal with some of the world’s largest oil companies, secures US$15M signing bonus

Shikema Dey -
A consortium of Petronas, QatarEnergy and TotalEnergies signed its Petroleum Exploration License for the S4 shallow block in Guyana’s offshore waters, a historic feat after the country’s maiden auction launched in 2022. The signing ceremony was held this morning...
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Guyana’s offshore growth among drivers of US$197 billion regional oilfield spending – Rystad Energy

OilNOW -
South America will sustain strong final investment decision (FID) momentum through 2030, leading to a cumulative US$197 billion in conventional greenfield spending across oilfields between 2020 and 2030.  The projection comes from a new report by Norway-based Rystad Energy, which...
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Guyana urged to ‘start training now’ for petrochemical and construction sectors

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The Guyana Technical Training College Inc. (GTTCI) is preparing to expand its focus beyond offshore oil and gas to meet the skills needed for the country’s emerging petrochemical, refinery, and construction industries, according to its Director, Professor Clement Sankat. “I...
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Training surge marks new chapter for Suriname’s oil & gas workforce

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Suriname's National oil company, Staatsolie Maatschappij Suriname N.V., (Staatsolie) ramped up investment in workforce development in 2024 as the country prepares for its first major offshore oil development.  The company’s latest sustainability report, published in early October, details a flagship...
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ExxonMobil could unlock $20 billion in Trinidad’s deepwater play – Rystad Energy

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ExxonMobil’s latest offshore campaign in Trinidad and Tobago could yield over US$20 billion in new investment opportunities, according to an analysis published by Rystad Energy on November 6.  The firm said the U.S. oil major is targeting one of the...
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GCCI aiming to push MSMEs toward global competitiveness at 2025 Business Development Forum

Shikema Dey -
The Georgetown Chamber of Commerce and Industry (GCCI) will host its annual Business Development Forum (BDF) on November 13 and 14 at the Pegasus Suites and Corporate Centre, bringing together local, regional, and international stakeholders to strengthen Guyanese enterprises...
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SBM Offshore Guyana deepens local supplier collaboration through annual Vendor Day

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Local suppliers in Guyana’s oil and gas industry were given an opportunity to strengthen their participation in the sector through SBM Offshore Guyana’s annual Vendor Day, held this week at the Pegasus Suites.  The event brought together more than 50...
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Eco Atlantic announces passing of Co-Founder and Chief Operating Officer Colin Kinley

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Eco (Atlantic) Oil & Gas Ltd. has announced the sudden passing of its co-Founder and Chief Operating Officer, Colin Kinley, according to a press release issued by the company on November 8.  The Board and Company expressed deep sadness at...
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Oil boom reshaping Guyana’s business landscape, says GCCI President

Shikema Dey -
Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith says Guyana’s oil industry is transforming the way local enterprises operate, pushing small and medium businesses to scale up, form partnerships, and think globally. “I’m seeing them as the winners,”...
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Norway firm says Guyana key to S/America’s oil growth as FPSOs drive output surge

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Offshore oilfields that have come online since 2020, and those expected to start up by 2030, will account for over 65% of South America’s conventional oil production, according to an analysis published by Norway-based Rystad Energy on November 6.  The...
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NewsShikema Dey -

Guyana inks new deal with some of the world’s largest oil companies, secures US$15M signing bonus

A consortium of Petronas, QatarEnergy and TotalEnergies signed its Petroleum Exploration License for the S4 shallow block in Guyana’s...

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