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SBM Offshore seeking suppliers for offshore gas sampling and chromatography

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Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, is inviting suppliers to provide technical and operational solutions for on-site natural gas sampling and Gas Chromatography (GC).  SBM Offshore on track to deliver ‘near zero emission’ FPSO to...
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bpTT completes seismic acquisition for Manakin-Cocuina field

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The seismic acquisition for bpTT’s Manakin-Cocuina field has been completed, according to David Campbell, President of bpTT. The data collected is now in the processing stage. Campbell shared this update during a meeting with Stuart Young Trinidad’s Minister of...
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British trading firms win contracts to market Guyana’s crude oil

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UK-based BB Energy Trading Limited and JE Energy have secured contracts to market Guyana’s share of crude oil from the country's three floating production storage and offloading (FPSO) vessels.  The contracts were awarded through a competitive bidding process managed by...
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Halliburton seeks space for new Distribution Center in Guyana

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Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for warehouse area and services. The company is looking to establish a distribution center in Georgetown to support its inventory management, optimize space and resources, and reduce logistic costs. Halliburton...
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Stena Drilling to host Guyana Vendor Day, engage local businesses

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Stena Drilling will host its Guyana Vendor Day on November 13, 2024, at the Centre for Local Business Development Inc. (CLBD) in Georgetown.  The event aims to connect local businesses with Stena’s procurement team, offering insights into...
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TOTALTEC launches multi-sector E-Learning platform

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TOTALTEC Inc., a 100% Guyanese-owned company, has unveiled a new multi-sector e-learning platform aimed at equipping Guyanese workers with internationally accredited skills. The initiative targets key industries crucial to the country’s economic growth, including hospitality, construction, oil and gas,...
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Guyana among key threats to OPEC’s dominance, says IEA

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Guyana is emerging as a significant threat to OPEC's dominance, according to the International Energy Agency's (IEA) 2024 World Energy Outlook, released on October 16. The IEA predicts that OPEC’s market share will drop from its current 34% to...
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ADC Energy secures multi-year rig inspection contract for TotalEnergies’ Suriname project

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Aberdeen-based ADC Energy has been awarded a multi-year contract to assist with the selection and acceptance of up to three offshore drilling rigs for TotalEnergies’ GranMorgu development in Suriname’s Block 58. This project follows a final investment decision (FID)...
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Guyana, Brazil lead FPSO market growth, investment rises to US$9 billion – Norway firm 

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According to Norway-based Rystad Energy, the Floating Production Storage and Offloading (FPSO) market saw a 50% increase in investments in 2023, rising from US$6 billion to US$9 billion in greenfield surface capital expenditure. This upward momentum is expected to...
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Fast-growing oil production off Guyana coast reshaping energy markets – U.S. State Dept. official 

OilNOW -
San Diego, California: Guyana’s growing crude oil output is quickly reshaping energy markets, and the United States is taking note. This is according to Laura Lochman, Principal Deputy Assistant Secretary, Bureau of Energy Resources, U.S. Department of State. Speaking...
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Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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