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Suriname’s deepwater bid round closed

OilNOW -
Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.  According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.  “We thank all...
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Guyana oil fund closed May with US$1.57 billion

OilNOW -
Guyana’s fifth profit oil lift for the year was sold for GY$18.17 billion (approximately US$87 million). A Bank of Guyana report indicated payment for the sale of this lift represented the only inflow to the Natural Resource Fund (NRF)...
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Just a few squeaky wheels calling for end to hydrocarbons, says Trinidad Energy Minister

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Stuart Young, Trinidad and Tobago's Minister of Energy and Energy Industries has argued in favour of a balanced approach to energy production, acknowledging the transition challenges to renewable energy sources and the essential role of hydrocarbon-based resources in the...
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US$9.6M plaza to be built at Vreed-en-Hoop near to major port facility

OilNOW -
GUYCAN INVESTORS GROUP INC. plans to invest GY$2 billion (approximately US$9.6 million) for the development of a plaza complex called SPECTRUM. The complex, to be situated at 14 Coglan Dam, Vreed-en-Hoop, West Coast Demerara, will include a restaurant, supermarket,...
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Private sector targets Canada on quest to strengthen Guyana passport

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The Canadian Government's announcement that it will grant visa-free access to eligible travellers from 13 countries has been met with applause and an appeal from Guyana. The Georgetown Chamber of Commerce & Industry (GCCI) has called upon Canada to...
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MACORP to construct heavy-duty wharf in Guyana, boosting transportation infrastructure

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Machinery Corporation of Guyana (MACORP) plans to construct a heavy-duty wharf at Providence on the East Bank of Demerara, according to documents submitted for approval by the Environmental Protection Agency (EPA).  “MACORP is always seeking to better serve our customers...
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Guyana gets most votes among nations elected to UN Security Council

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Guyana, the rising oil star in South America, has secured a seat on the United Nations Security Council for the period 2024-2025. Guyana was elected as a non-permanent member of the UN Security Council, alongside Algeria, Republic of Korea,...
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Facility with 25-tonne overhead cranes capable of docking three ships simultaneously for East Bank corridor

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Diamond Property Management, Inc. (DPM)/ Diamond Shorebase Inc (DSB) has eyed the construction of a new dock facility at Friendship, on Guyana’s East Bank corridor, in response to the increasing demand for port infrastructure as the country’s oil sector...
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Environment body grants Ramps Logistics EIA exemption for US$5M apartment complex for oil sector

OilNOW -
Ramps Logistics Guyana is pursuing the development of a US$5 million luxury apartment in the South American country in response to the housing demand brought on by the budding oil sector. The country’s Environmental Protection Agency (EPA) has said no Environmental...
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EOI out for MODEC mooring services 

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Builder of Guyana’s fifth production vessel – Mitsui Ocean Development & Engineering Company Inc. (MODEC) – is seeking Guyanese firms that can provide offshore installation of mooring equipment.  MODEC in a public Expression of Interest (EOI) said it is looking...
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Platts to launch tanker assessments for growing Guyana crude flows to Europe 

Global price-reporting agency Platts, part of S&P Global Commodity Insights, will introduce two new freight assessments on December 1...

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