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Noble Discoverer set to arrive in Guyana this weekend to drill CGX’s Wei-1 well

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CGX Resources Inc.’s Wei-1 well is expected to be spud later this month when the Noble Discoverer semi-submersible drilling rig arrives in Guyana on October 22. After the completion of a merger of Noble Corp. and Maersk Drilling on October...
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US$493M payout from Guyana’s third quarter oil sales, royalties gazetted

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In keeping with a transparency mandate outlined in the Natural Resource Fund Act 2021, the government of Guyana has published in its official gazette, the receipts of funds into the Natural Resource Fund. According to the data, the government received...
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Gov’t to identify legal, financial team to support catering consortium for oil sector market

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As the Ministry of Natural Resources reconvened with major Guyanese caterers from across the country, Minister of Natural Resources Vickram Bharrat has committed to identifying a team to support the birth of the caterer consortium. During the second meeting Bharrat...
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TechnipFMC, Stena Drilling among 11 more companies to have local content master plans approved

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Eleven major oil and gas support service providers including TechnipFMC and Stena Drilling received the stamp of approval from the Local Content Secretariat for their five-year Master Plans. On October 19, the Minister of Natural Resources, Vickram Bharrat, met with...
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Ramps CEO enters not guilty plea to company’s false declarations charges, out on GY$500,000 bail

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Chief Executive Officer (CEO) of Ramps Logistics, Shaun Rampersad on Friday paid bail of GY$500,000 to the Supreme Court, and in so doing, avoided custody for charges of false declarations to the Guyana Revenue Authority (GRA) for its duty-free...
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Western Logistics to hire 1000 Guyanese as part of new approved five-year Master Plan

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With its five-year Local Content Master Plan approved by the Ministry of Natural Resources, Western Logistics Guyana aims to expand its human resource capacity by some 1,000 Guyanese. According to its Operations Director, Pradeep Ramoutar, the locally owned and operated...
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Exxon sent out 35 letters seeking new partners after Shell walked away from Stabroek Block

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Before China National Offshore Oil Corporation (CNOOC) and Hess Corp. partnered with ExxonMobil to become the Stabroek Block co-venturers we know today, there was Shell. The British multinational held a 50% stake with Exxon, but the company opted to leave...
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Guyana’s largest shore base, sister company receive approval for Local Content Master Plans

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The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of...
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Ramps at risk of losing US$25 million Exxon contract, laying off 100 workers without Local Content Certificate – court documents

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If Ramps Logistics Guyana Inc. is not granted a Local Content Certificate of Registration, it will likely lose significant contracts with major industry players like ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to court filings which form part of...
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New local catering consortium to get tax waivers for Guyana oil sector market

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Guyana’s government is working to see major local caterers tap into the multi-million-dollar catering industry for the nation's petroleum sector. To achieve this, the Minister of Natural Resources Vickram Bharrat; Director of the Local Content Secretariat Martin Pertab and other...
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Economist says Venezuela’s suspension of gas deals could be a ‘blessing in disguise’ for Trinidad

Trinidad and Tobago economist Dr. Justin Ram believes Venezuela’s decision to suspend its gas deals with the Caribbean country...

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