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Areas being identified for shore base, major investment facilities at Region 3

The Irfaan Ali-led government in Guyana is forging ahead with its national development agenda, part of which will see Region Three (Essequibo Islands-West Demerara) being transformed into a hub for oil and gas support services for the country’s burgeoning...

Saipem opens offshore construction facility in Guyana

Italian multinational oilfield services company Saipem on Saturday opened an offshore construction facility in Guyana after noting the need for fabrication services in the country’s booming oil industry. It has so far been granted three large-scale engineering, procurement, construction,...

Tougher local content measures will be implemented if Guyanese are bypassed by oil companies, President warns

If Guyanese are bypassed by oil companies for jobs and business opportunities in the burgeoning petroleum sector, then the government would be forced to change its policy on local content, says President of the South American country, Dr. Irfaan...

Guyana’s leverage to be boosted with gas to shore – President Ali

A significant reduction in the cost of electricity is not the only benefit that will be accrued from the Guyana government’s multi-billion-dollar gas-to-shore project slated for Wales on the West Bank of Demerara. According to President Irfaan Ali, the project...

Guyana oil minister calls on investors to work with locals

To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at...

Venezuela’s PDVSA turning to local partners to fill gap left by Western companies

(Reuters) Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in the OPEC nation's oil sector, according to interviews with a half dozen industry sources, as U.S....

Analyst encourages Suriname to adopt lessons from Guyana’s oil boom

In order for Suriname to prudently manage its oil and gas industry, Senior Analyst at America’s Market Intelligence (AMI), Arthur Deakin, is calling for the South American country to take lessons from Guyana’s oil boom. In an analysis released to...

Exxon says team on track to reinstall FPSO gas compressor this month

The newly repaired and upgraded components of the flash gas compression system for the Liza Destiny FPSO have arrived offshore Guyana and are being reinstalled. ExxonMobil Guyana's Public and Government Affairs Advisor, Janelle Persaud, said Friday these include a newly...

Marcus Tripp is Exxon’s new Senior Director Public & Gov’t Affairs in Guyana

Former Senior Director for Government Relations at ExxonMobil’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL), Marcus Tripp, is the new Senior Director Public & Government Affairs in Guyana, replacing Karen Matusic. Matusic has returned to the United States...

Guyana pays more than its fair share to lower global temperature – Vice President

Guyana’s Vice President, Dr. Bharrat Jagdeo is of the view that the South American country has already met net-zero status in the global efforts to reduce emissions. “In Guyana’s case, because of our huge forest, we are already at net-zero…because...

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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...