News

Moody's Ratings has upgraded Suriname's long-term local and foreign-currency issuer ratings from Caa3 to Caa1. The outlook is now positive, reflecting the anticipated economic benefits from a significant offshore oil project. This change is driven by TotalEnergies' recent decision...

SBM Offshore Guyana has partnered with One Communications as the Lead Hero for Hope in their ongoing cancer awareness campaign, particularly focusing on the Champions of Hope program. This marks the third consecutive year of SBM Offshore's involvement in...

LNDCH4 Guyana announced the arrival of two advanced gas turbines from Sweden, marking an important step in Guyana’s Gas-to-Energy project. The turbines will be installed at the project’s site in Wales, West Demerara. They will form the core of...

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...

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...

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...

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...