Azruddin Mohamed, a principal at Mohamed's Enterprise and an investor in the Vreed-en-Hoop Shore Base Inc. (VEHSI), announced on August 4 key support for the construction of the new Demerara Crossing. The project is one of the most important...
Guyana’s Local Content Secretariat (LCS) will be setting up a new unit to address what is commonly referred to as 'rent-a-citizen', a practice where foreign investors use Guyanese nationals and/or businesses as mere fronts in order to circumvent provisions...
Malaysian floater specialist, Yinson Production, has successfully secured a US$230 million loan to support the construction of a floating production, storage, and offloading vessel (FPSO) designated for the Jubarte field offshore Brazil. The financial deal was facilitated by infrastructure...
Boskalis, an international maritime service provider, averted a colossal catastrophe through its subsidiary SMIT Salvage by successfully offloading over 1.1 million barrels of crude oil from the deteriorating floating storage and offloading (FSO) vessel Safer off the Yemen coast.
The...
In a pivotal move that ushers in a new chapter for Strategic Recruitment Solutions Inc. (SRSGY), Kerri Gravesande-Bart, the trailblazing leader behind the brand, has revealed her decision to sell her shares and step down from her role as...
Local Content in Guyana has been performing stellarly, according to new data released by the Local Content Secretariat (LCS).
Director, Dr. Martin Pertab announced on August 10 that as of June 30, 2023, Guyana has managed to retain US$313 million...
SBM Offshore reported a 15% drop in directional revenue for the first half of 2023 amounting to US$1.4 billion.
The company said the decline in revenue was largely driven by a decrease in directional turnkey revenue, which dropped to US$558...
Though local content is deemed meaningless without capacity, its absence should not be used as the basis to lock locals out of opportunities in a country’s oil sector. So said the Chairman of the Ghana Chamber of Commerce Guyana,...
By Dr. Ulric Trotz & Dr. Terrence Blackman - OilNOW
Climate change poses significant challenges for Guyana and the Caribbean, necessitating a combination of mitigation and adaptation strategies to combat its effects. Mitigation focuses on reducing greenhouse gas emissions and...
A Canada-based oil and gas company is targeting a multi-hundred million barrel stacked pay opportunity at the Orinduik Block, offshore the South American country of Guyana. The exploration company - Eco (Atlantic) Oil & Gas Ltd. - said its...
