News

Builder of Guyana’s fifth production vessel - Mitsui Ocean Development & Engineering Company Inc. (MODEC) - is seeking Guyanese firms that can provide steel and steel fabrication services.  MODEC in a public Expression of Interest (EOI) said it is looking...

A key Guyana business group, the Georgetown Chamber of Commerce and Industry (GCCI), has elected businessman Kester Hutson as its new President, ending the two-term presidency of Timothy Tucker.  Fresh off his election, Hutson in a comment to...

Guyana, like many countries around the world, is facing a transition towards cleaner forms of energy, including in the transportation sector. The recent increase in electric bikes in the country offer an alternative to gas-powered motorcycles. However, concerns have...

Director of Guyana’s Local Content Secretariat, Dr. Martin Pertab, said that a new update to the Local Content Act’s first schedule could bring in US$300-350 million annually. Presently, 40 categories are subject to a legal mandate for contractors to utilise...

The helideck license for Guyana’s third production vessel - the Prosperity - was handed over to SBM Offshore in a ceremony that also marked a milestone for the local Civil Aviation Authority (GCAA) since it was certified by the...

Much has been said about the supposed shortage of US currency in Guyana’s market - both by the Georgetown Chamber of Commerce and Industry (GCCI) and the Central Bank in loaded statements. The issue was thought to be put...

Guyana's Private Sector Commission (PSC) has identified 25 additional categories that could be included in the country's Local Content Act, said President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker. He told OilNOW in an exclusive interview...

The global offshore industry is firing on all cylinders with the floating, production, storage and offloading (FPSO) vessel market set for close to 50 awards this decade, according to Norway’s Rystad Energy.  Brazil and South America’s rising oil star, Guyana,...

Trinidad and Tobago’s Energy Minister Stuart Young remains confident that the current PDVSA scandal will in no way affect its ongoing negotiations with Venezuela on the Dragon gas deal.  Young was forced to comment after Venezuela’s Energy Minister, Tareck Al...

ExxonMobil Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is seeking to conduct additional studies related to its petroleum operations offshore the South American country. The company is seeking to undertake multiple consultancies related to ‘Biodiversity Assessments and Environmental...