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Equatorial Guinea could end oil service contracts over failure to comply with local content rules

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Major oil companies in Equatorial Guinea could be asked by the end of September to cancel their contracts with service providers such as TechnipFMC, Schlumberger and Subsea 7 SA because they aren’t complying with local-content rules over training and...
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Guyana signed MoUs before and there was no apocalypse – Foreign Minister

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Guyana’s Minister of Foreign Affairs, Carl Greenidge, said the Memorandum of Understanding to be signed between Guyana and its Trinidadian counterpart later this month will in no way adversely affect the country’s development, but rather strengthen it. Speaking at a...
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Saipem America provides internship for Guyanese students

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Liza SURF contractor Saipem has collaborated with the University of Guyana and the Government Technical Institute to facilitate an internship programme for four Guyanese students in the United States of America. They will conduct their internship from September to...
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SRS readies second batch of Guyanese recruits for oil and gas sector

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Strategic Recruitment Solutions Inc. (SRS) is moving to enlist a second batch of Guyanese for positions in the country’s emerging oil and gas sector. The Guyanese recruitment firm will be training the new batch of ten for positions that include...
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Islamic Development Bank green-lights US$20M loan for power upgrade in Guyana

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Guyana has received approval from the Islamic Development Bank (IsDB) for a loan of US$20m for the Guyana Power and Light (GPL) Utility Upgrade Programme to effect a comprehensive turnaround of its electricity distribution. The South American country’s Ministry of...
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Eni begins construction of hull for Coral South Floating LNG Unit

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Eni and its Area 4 partners held the “First Steel Cut” ceremony on September 6 at Geoje Island, South Korea, to mark the beginning of the construction of the Hull of Coral South’s Floating Liquefied Natural Gas (FLNG) vessel....
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GOGEC welcomes closer cooperation with Trinidad

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The Guyana Oil & Gas Energy Chamber (GOGEC) said in a statement on Friday that it wishes to place on record that it supports closer co-operation and collaboration with Trinidad and Tobago and all other partners in Caricom. Responding to...
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Majors ramping up oil hunt in Guyana-Suriname ‘mirror basin’

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As offshore exploration activities ramp up across the Guyana-Suriname basin, oil majors are also turning their attention to the opposite side of the Atlantic in a rush to tap into vast reserves. Bloomberg reports that the world’s biggest companies from Exxon...
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GOGA, Marak set to stage 1st local content conference in Guyana

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Following the massive oil discoveries offshore Guyana, the Guyana Oil and Gas Association (GOGA) says the country has an opportunity to achieve a new path of sustainable economic growth and development; through applicable Local Content Policies and Strategies that...
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Tullow Oil plans to drill first Guyana well in third quarter of 2019

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(Reuters) - Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik license bordering discoveries by Exxon, a spokesman said on Wednesday. Exxon and U.S. partner...
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Hess reports Q3 gains with Guyana leading production growth

Hess Corporation revealed a strong third quarter driven by expanded production in Guyana’s offshore Stabroek Block. The company reported...

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