News

The Guyana Manufacturing and Services Association (GMSA) is optimistic about the government’s recent announcement of a bid round for 14 blocks offshore Guyana. GMSA is the main advocacy body for local manufacturers and companies of related services and operates as a...

Italian multinational oilfield services company Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1.2 billion USD. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the Uaru oil...

Guyana’s Minister of Finance, Dr. Ashni Singh announced the country’s third and final withdrawal from its Natural Resource Fund (NRF) for 2022, of US$207.6 million (GY$43 billion). The funds were transferred to the Consolidated Fund and will be used to...

SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...

ExxonMobil is ramping up its exploration activities offshore Guyana, targeting a new prospect at the 6.6 million acres Stabroek Block. Guyana’s Maritime Administration Department (MARAD) said in a notice that the company Guyana will be engaged in exploration drilling operations...

CH4 Guyana Inc & Lindsayca Inc, the US-based partnership that will construct the onshore facilities for Guyana’s Gas-to-Energy project, has signalled its interest in building the nation’s first refinery. The US group in collaboration with Sol Guyana Inc. recently submitted its...

Atlantic LNG shareholders – Shell, bp and the National Gas Company of Trinidad and Tobago – recently reached an agreement to restructure the company, a move that was welcomed by the T&T Energy Chamber. This comes as the global LNG market...

Guyana's President, Dr. Mohamed Irfaan Ali, said that the Gas-to-Energy (GTE) project will unlock the country's new energy mix, as he presided over a major contract signing in the development. The signing is for the award of a contract to...

Dutch firm Koole BV has been awarded a GY$1.38 billion (US$6.6 million) contract to remove 17 hazardous wrecks from Guyana’s waterways as marine activities surge. The company specialises in industrial demolition, remediation, wreck removal, and marine construction. This is its...

SBM Offshore’s multi-purpose deepwater construction vessel – the Normand Installer is gearing up for a new campaign in 2023 in Guyana’s Stabroek Block. According to reports, the Normand Installer has been placed into dry dock at Frederikshavn, Denmark. Built in 2006,...