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The Guyana government is moving full steam ahead with the realisation of its massive Gas-to-Energy project, with the President Dr. Mohamed Irfaan Ali announcing on Wednesday that proposals are expected from the pre-qualified bidders in two months’ time. As the...

Guyana will be undertaking a review of its local capacity in support of oil and gas operations by the end of 2022 to determine whether the 40 schedules outlined in the Local Content Policy need to be adjusted. “This will...

According to Norway-based Rystad Energy, oil majors that historically have been known as lavish spenders have reined in their appetites of late. Free cash flow from upstream operations among the majors increased to $121 billion last year, a vast...

TechnipFMC (NYSE: FTI) has been awarded a significant engineering, procurement, construction, and installation (EPCI) contract by Equinor for subsea tiebacks for the Halten East development on the Norwegian Continental Shelf. For TechnipFMC, a “significant” contract is between $75million and $250million. The contract...

(S&P Global Platts) Crude oil futures were higher in mid-morning Asian trade May 27, with the ICE Brent crude marker hovering around a two-month high, as the near-term outlook for oil remained bullish with demand still seen outpacing supply. At...

ExxonMobil Corporation said on Wednesday that it plans to grow shareholder value by way of a five-pronged plan that underpins the global need for energy and for lower greenhouse gas emissions to address climate change. During a recently concluded annual...

Executive Director of Guyana’s Environmental Protection Agency (EPA), Kemraj Parsram said, if its review goes well, the regulator expects to grant renewal of the environmental permit for the Liza Phase One project at the end of May, when the...

Guyana Shore Base Inc. (GYSBI) celebrated two years without lost time injuries (LTI), earlier this month. LTI refers to an injury sustained on the job by an employee, which results in the loss of productive work time. Lost time injuries encompass...

Minister of Natural Resources Vickram Bharrat has called on contractors, sub-contractors and licensees operating in Guyana’s oil sector to devise more timely payment plans for local businesses. This news comes on the heels of a slew of complaints that...

The traffic woes that plagued Guyana’s east and west bank corridors will become a thing of the past as the government signed a US$260 million contract to see the construction of a new and modern structure across the Demerara...