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Supplier opportunity opens for testing and calibration aboard Liza Destiny, Unity and Prosperity FPSOs

Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, is seeking information from qualified suppliers in Guyana to support the testing, calibration and recertification of equipment used aboard three floating production, storage and offloading (FPSO) vessels operating...

SEOGS 2026 closes with Suriname’s offshore focus moving from promise to execution

PARAMARIBO, SURINAME - SEOGS 2026 closed in Paramaribo with a clear message: Suriname’s offshore opportunity is moving from promise to execution. Across four days of speeches, technical sessions, project updates, private sector engagements, and exhibition activity, the Suriname Energy, Oil...

Explained: The proposed Guyana Development Bank

The Guyana government is moving to establish a Development Bank that, when operational, would expand access to financing for small and medium-sized enterprises (SME) and reshape how local businesses secure investment capital. The institution is designed to sit at...

Japan shipyard completes first section of MODEC’s next-generation FPSO hull

A Japan shipyard has completed the first section of MODEC’s next-generation hull for a floating production, storage and offloading vessel. Sumitomo Heavy Industries, Ltd. finalized the forward hull section at its Yokosuka shipyard. On July 2, the completed structure departed...

Guyana secures seat on international EITI board

Guyana will sit on the International Board of the Extractive Industries Transparency Initiative for the next three years, with Minister of Natural Resources Vickram Bharrat named a Principal Member of the Implementing Country Constituency. The Ministry of Natural Resources announced...

CLBD builds stronger supplier base with oil and gas, business training for over 10,000 Guyanese

The Centre for Local Business Development (CLBD) has trained more than 10,000 Guyanese over the past five years as part of efforts to strengthen the country’s supplier base and improve competitiveness in the oil and gas sector. The Centre told...

Tenaris starts Suriname service center for GranMorgu offshore project

Tenaris has started operations at a new service center in Paramaribo, Suriname, to support TotalEnergies’ GranMorgu offshore oil project. The company announced on June 30 that the facility will provide integrated services for offshore operations. It will support Tenaris’ supply...

Trinidad cuts royalty to 8% to unlock marginal marine gas fields

Trinidad and Tobago has introduced new fiscal measures to support the development of marginal marine gas fields, as the country moves to unlock stranded resources and strengthen long-term gas supply. Energy and Energy Industries Minister Dr. Roodal Moonilal outlined the...

SLB lands seven-year technology and innovation contract with Kuwait Oil Company

Global technology company, SLB, has secured a seven-year contract with Kuwait Oil Company (KOC) under the state-owned producer’s Ahmadi Innovation Valley initiative.  The agreement will see SLB support the testing and deployment of technologies across KOC operations, including artificial intelligence,...

More students gain access to STEM education through ExxonMobil-backed FACT program

The Family Awareness Consciousness Togetherness (FACT) after-school program for science, technology, engineering and mathematics (STEM) is expanding its reach in Guyana with continued support from ExxonMobil Guyana, providing hands-on science and engineering education to children in underserved communities.  According to...

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Government confirms MV Barima located on seabed; recovery underway

The Guyana government said the MV Barima has been found on the seabed, with recovery operations now underway. In an...