Engineering and machining services linked to petroleum service vessels could deliver significant skills transfer and investment opportunities for Guyanese if formally aligned with the Local Content Act. This is according to Director of the Local Content Secretariat, Michael Munroe.
Earlier...
Trinidad and Tobago can strengthen its local talent base by studying how Guyana has implemented its local content framework, according to Ramps Logistics Chief Executive Officer, Shaun Rampersad.
Rampersad made the comments during a recent interview with the Business Guardian,...
ExxonMobil Guyana currently has four oil projects producing offshore. They are not the end of the story. More developments are being advanced, while exploration and appraisal is pursued in contemplation of others.
Every offshore oil project follows a broad production...
The proposed Longtail project is set to become the first development in the Stabroek Block dedicated to gas and condensate production offshore Guyana, a shift from earlier projects that have focused primarily on oil.
Unlike existing developments, Longtail is designed...
Dear Editor,
The rapid growth of Guyana’s oil and gas industry has shown that success does not come from resources alone; it comes from people with the right skills. That is where STEM - science, technology, engineering, and mathematics -...
SBM Offshore, on January 21, pulled back the curtain on one of the most critical assets in offshore energy production: the floating production, storage and offloading vessel, better known as the FPSO.
So, what exactly is an FPSO, and why...
MODEC’s approach to engineering and project planning for the Uaru floating production, storage and offloading (FPSO) vessel has created space for local fabrication work to be integrated into the project without affecting delivery timelines.
This is according to MODEC’s Uaru...
Dear Editor,
I believe that oil-producing CARICOM States must remain alert to evolving geopolitical developments in the wider region, particularly those involving Venezuela and increased engagement by major global powers.
Such developments, whether political or diplomatic, can have broader implications for...
Approximately 33% of Guyanese employed in the country’s oil and gas sector hold professional-level positions, while about 18% work in technical or associate professional roles, according to data from the Local Content Secretariat.
The figures were disclosed to OilNOW by...
A consortium led by TotalEnergies completed payment of a US$15 million signing bonus to Guyana in December for offshore exploration rights to Block S4, according to a report published in the December 30 Official Gazette.
The group, which includes QatarEnergy...
Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...
