News

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...

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...

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,...

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...

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)...

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...

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...

Guyana's oil exports have seen significant growth this year, reaching 598,000 barrels per day (b/d), a 58% increase compared to the previous year, according to data pulled by the Baltic and International Maritime Council (BIMCO). Niels Rasmussen, Chief Shipping...

A Guyanese group, VHE Consulting, was hired to audit Stabroek Block expenses for the period 2021-2023, Guyana’s National Procurement and Tender Administration Board (NPTAB) said.  The Ministry of Natural Resources awarded the US$1.5 million (GY$312.6 million) contract on October 10...

Four of the bidders in Guyana’s maiden offshore auction have accepted the terms of its new production sharing agreement (PSA), the Ministry of Natural Resources announced on Wednesday.  The auction, executed last year, saw the S3 and D2 Blocks awarded...