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We decided to forego experience so locals could participate in bid round – Guyana VP  

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Guyana’s Vice President Dr. Bharrat Jagdeo told reporters on Thursday that the government was intent on ensuring Guyanese could participate in the country’s maiden bid round and this resulted in a decision being made to forego the requirement of...
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Prosperity FPSO delivery, Whiptail contract among highlights of SBM Offshore’s third quarter report

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The on-time delivery of the Prosperity floating production, storage and offloading (FPSO) vessel and the award of a new front-end engineering and design (FEED) contract for the Whiptail development project are among the key accomplishments noted by SBM Offshore...
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Blue Water Shipping successfully manages arrival of largest cargo ship in Guyana

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In a landmark achievement for Guyana's port infrastructure, Blue Water Shipping Guyana orchestrated the arrival of the MV Virtuous Striker, the largest cargo ship to ever dock in the Demerara River.  The vessel, boasting an impressive length of 190 meters,...
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Despite saying ICJ has no jurisdiction, Venezuela now set to participate in upcoming hearings on referendum

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Despite the Nicolas Maduro regime in Venezuela doubling down just days ago on its position that the International Court of Justice (ICJ) does not have jurisdiction on matters relating to the territorial controversy with Guyana, it will now participate...
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ExxonMobil completes US$1.26 billion purchase of Liza Unity FPSO

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ExxonMobil Guyana and SBM Offshore have completed the transaction related to the purchase of the Liza Unity floating production, storage and offloading (FPSO), just months ahead of the end of the maximum lease term, in February 2024. Announcing the completion,...
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Japanese firm MODEC to create over 300 jobs in world’s fastest growing economy

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A high-level team from Japanese shipbuilding company MODEC recently met with Guyana's Foreign Secretary, Robert Persaud in Tokyo, where an update on its local content plan and project operations were discussed. Persaud was at the time on a visit...
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Maduro doubles down on rejection of World Court’s jurisdiction days before scheduled hearings on referendum

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President Nicolas Maduro of Venezuela reaffirmed the country’s rejection of the International Court of Justice’s (ICJ) jurisdiction to resolve the territorial controversy with Guyana, in a November 7 post on X (formerly Twitter).  “Let no one be confused! Venezuela has...
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McDermott gets large transport and installation deal from India oil company

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McDermott International, Inc. has further expanded its involvement in one of India's most significant subsea projects by securing a large transportation and installation contract from the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project. This development...
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Staatsolie puts 11 shallow blocks up for auction with leads totaling 91 billion unrisked barrels

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Staatsolie Hydrocarbon Institute N.V. (SHI), a subsidiary of Staatsolie Maatschappij Suriname N.V., has initiated a new opportunity for oil companies to engage in its offshore oil and gas sector. Staatsolie has announced an auction of eleven blocks within the...
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Robust measures in place for offloading crude at Payara as first oil nears

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Guyana’s Environmental Protection Agency (EPA) has put in place a series of robust measures to guide the Prosperity floating production storage and offloading (FPSO) vessel’s offloading operations for ExxonMobil’s Payara development project. The project, set to come online soon, is...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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