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Saipem awarded US$900M in contracts for Angola’s first non-associated gas project

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Italian oil services company, Saipem was awarded three contracts totaling US$900 million for works on the Quiluma and Maboqueiro gas fields development project off the northwest coast of Angola. The contracts were awarded by the New Gas Consortium comprised of...
News

At 3 billion barrels, TotalEnergies’ Venus is sub-Saharan Africa’s biggest oil discovery

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The Venus discovery made by TotalEnergies is Sub-Saharan Africa’s biggest ever oil find. This was related by Eco Atlantic Oil & Gas Ltd. in a recent report marketing the prospectivity of its acreages in the African Orange Basin. Discovered in Block...
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US firm to build pioneering US$200M oil refinery & petrochemical manufacturing complex

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Chemtech International is hoping to lead the way for Guyana’s downstream industry with the establishment of a US$200 million oil refinery and integrated post-petrochemical manufacturing complex. The pioneering project—which is awaiting the approval of the Environmental Protection Agency (EPA)—will...
Exploration

World Bank, Guyana ink US$44 million Human Capital Development pact

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The World Bank and Guyana’s Government officially signed an agreement on Friday for a US$44 million Human Capital Development Project to improve access as well as learning conditions in secondary education. It is also intended to improve access to...
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60% of oil revenue investment into education should target tertiary level – UG Vice Chancellor

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The Vice Chancellor of Guyana’s premier university, Professor Paloma Mohamed-Martin is lobbying for oil and gas investments into the tertiary institution to churn out the needed human capital for the growing oil industry. “Not only University of Guyana ...
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Guyana will need 160,000 more workers to sustain its oil-driven economic growth – Migration Policy Institute

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Guyana’s economy grew 43.5% in 2020. Government expects that it will grow 57.8% in 2022. This growth requires a labour force that can meet the needs of an emerging economy. The Migration Policy Institute estimated that Guyana will need at...
News

Westwood says CGX’s Wei-1 is a ‘large, high-impact’ prospect

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London-based energy intelligence firm, Westwood Global Energy, called Wei-1 a ‘large, high-impact’ prospect and a ‘key well to watch’ ahead of expected exploration drilling offshore Guyana in October by CGX Energy Inc. “Final preparations are underway in advance of spudding...
News

Long term viability critical to any decision on oil refinery for Guyana – Norway group

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With many revenue-earning avenues available to Guyana in the oil and gas industry, Norway’s Rystad Energy is urging the nation to make sober decisions, considering all factors before investing billions into any project. Senior Vice President and Head of Latin...
News

ISA wants Caribbean to establish solar technology centres

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As the use of solar energy expands in the Caribbean, the Director General of the International Solar Alliance (ISA) Dr. Ajay Mathur says that the global union has hopes of establishing Solar Technology and Application Resource Centers (STAR-C) across...
News

Independent board wants impact study done for Exxon’s largest proposed multi-block campaign

Shikema Dey -
ExxonMobil is now required to conduct a second Environmental Impact Assessment (EIA) study, this time for the proposed 24-well campaign in the Canje and Kaieteur Blocks. The first required EIA relates to Exxon’s massive proposed 35-well campaign in the Stabroek Block. The Environmental Protection Agency...
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More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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