News

Engineering, risk management professionals will be in high demand for Guyana’s oil sector in five years – ILO Report

Considering Guyana’s accelerated pace of production in the Stabroek Block, the International Labour Organisation (ILO) has found that there will be a high demand for engineering and risk management professionals over the next five years. This was noted in the...

Guyana’s pronounced skills gap could slow down oil sector growth – ILO Report

While the accelerated expansion of the oil and gas operations in the Stabroek Block has earned Guyana the title of being the fastest-growing economy in the world, weaknesses in its labour force could have harmful effects on its development...

Barbados offshore licensing round delayed again

The Ministry of Energy and Business of Barbados said the 2022 Offshore Licensing round has been postponed to the first quarter of 2023. Before, it was scheduled to launch on December 1. “Based on the fact that several companies have...

Nigeria launches new bid round to spur investment in deepwater exploration, drilling

Nigeria’s Upstream Petroleum Regulatory Commission (NUPRC) launched the Mini Bid Round 2022 to spur new exploration and drilling activities in the West African country’s prospective deepwater blocks. Seven offshore blocks, covering an area of approximately 6,700 square kilometres (km2) in...

Guyana commits US$1.6M to bolster regulatory oversight of oil and gas

The Guyana government has utilised portions of a US$20 million World Bank loan to enhance operational efficiencies within the oil and gas sector. OilNOW understands that a two-year contract was granted this year to vLex Justis Limited, which is headquartered in the United Kingdom, to provide...

Guyana adds to 18.7 Bboe of newly discovered resources in 2022 – S&P Global

By the end of November 2022, S&P Global said a total of 178 discoveries had been made globally from new-field wildcat (NFW) drilling. It said this saw a delivery of just over 18.7 billion barrels of oil equivalent (Bboe)...

QatarEnergy signs agreement to continue development of Al-Karkara and A-Structures oil fields

QatarEnergy said it signed an agreement with Japan’s Qatar Petroleum Development Company (QPD) for the continued development and production of the Al-Karkara and A-Structures oil fields in the territorial waters of the State of Qatar. The five-year agreement commences on December 23, 2022, succeeding the...

SBM Offshore Graduate Engineers: A beacon of inspiration to young Guyanese

Paula Ceres and Tanisha Selby were among a group of seven Guyanese graduate engineers who gained hands-on training by SBM Offshore on the Prosperity floating production, storage and offloading (FPSO) vessel. Now, the young women aim to inspire young girls...

Halliburton to construct Sperry Drilling Lab at Guyana base

Halliburton has invited Expressions of Interest (EOIs) for design and construction services for Sperry Drilling services at its Eccles, East Bank Demerara base. The oilfield services provider says Sperry Drilling delivers superior performance to reduce time to first oil, enhance...

Norwegian company confirms ‘largest discovery on the shelf’ for 2022

Norway-based Vår Energi ASA has confirmed a discovery of gas in the Vår Energi operated 7122/9-1 T2 (Lupa) well in the Goliat area, Barents Sea. The company said on Friday that preliminary estimates of the size of the discovery are...

Latest News

Guyana charters 36 MW powership to meet increased power demand for next two years – GPL

State electricity company, Guyana Power and Light (GPL) has entered into a two-year contract with Urbacon Concessions Investments, W.L.L...