News

SBM Offshore Vendor Forum, youth engagement sessions on today at Int’l Energy Conference

SBM Offshore Guyana is set to host a Vendor Forum today at the International Energy Conference which is being hosted at the Guyana Marriott Hotel in Georgetown. The forum, scheduled for 9:00 am, presents an opportunity for stakeholders and local...

Guyanese investors confident of delivering world class shore base to Exxon

Director of the Vreed-en-Hoop Shore Base Inc. (VEHSI) Nicholas Deygoo-Boyer remains confident of the company’s ability to deliver a fully operational shore base to Stabroek Block operator ExxonMobil Guyana come December 2023. Vreed-en-Hoop Shore base Inc. is a joint venture...

750 Local Content certificates targeted for 2023 – Pertab

Within a year of existence, Guyana’s Local Content Secretariat (LCS) had made tremendous strides, and in 2023, it aims to continue along that path. Head of the Secretariat, Dr. Martin Pertab disclosed that it has targeted the approval of...

Local Content law was never designed to hinder investment – Guyana Minister 

Guyana is abuzz with economic activity; a direct result of the massive oil and gas finds in the ExxonMobil-operated Stabroek Block, and this has led to increased interest from investors across the globe looking to cash in on the...

UK gets stronger foothold in fastest growing economy, with new business chamber  

Chief Executive Officer of Guysons Group, Faizal Khan, has announced the creation of a British Chamber of Commerce Guyana (BritCham) to promote commercial business between the United Kingdom and Guyana, its largest trading partner in the Caribbean. BritCham plans to...

Sheriff Security, the prototype for oil and gas security in Guyana

Sheriff Security is a household name when it comes to safety in Guyana; and is among scores of companies with booths on display at the International Energy Expo 2023, at the Marriott Hotel, Georgetown, Guyana. The company decided to venture...

SBM Offshore announces new brand positioning

SBM Offshore on Thursday announced its new brand positioning – TRUE. BLUE. TRANSITION. Powered by the ocean, the company said via its LinkedIn page that this move reflects its commitment to being part of the solution, striving towards better energy...

Frontera to pump one-third of 2023 CAPEX on Guyana projects – CEO

One-third of Frontera Energy’s 2023 capital expenditure budget will be spent on its operations in Guyana, said Chief Executive Officer (CEO) Orlando Cabreles. Frontera’s CAPEX spend this year, Cabreles said, should fall between US$385 million and US$440 million. “.. and one-third...

Guyana’s largest shore base facility hits 1,000 days LTI free

Deputy General Manager of the Guyana Shore Base, Rabin Chandarpaul was happy to report that the facility touched another safety milestone, hitting 1,000 days without any lost time incidents. Lost time incidents are accidents that occur when a worker sustains...

Much of Guyana’s 17 trillion cubic feet of gas at southeastern part of Stabroek Block

Guyana’s hydrocarbon discoveries with considerable portions of natural gas are in the southeastern part of the Stabroek Block near the border with Suriname, according to a Ministry of Natural Resources map published in its 2023 Energy Brief. Guyana’s Finance Minister,...

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TT Energy Chamber flags long-term decline despite short-term gains in oil production

The Energy Chamber of Trinidad and Tobago is urging serious reform in the country's energy sector following the release...