News

See release from El Dorado Offshore Inc.: Denzel Southwell's journey is one that defies expectations. Hailing from the small village of Sandvoort in Berbice, Guyana, this 27-year-old has shattered glass ceilings to become the first Guyanese Auxillary Assistant Driller...

SLB, a leading oilfield services company, has announced its first-quarter 2024 results, showing “robust” revenue growth and strategic plans to return US$7 billion to shareholders over the next two years. Commenting, SLB Chief Executive Officer Olivier Le Peuch remarked, “We...

Rystad Energy believes that though U.S. sanctions are back on Venezuela, there remains room to negotiate with the Nicolas Maduro-led administration through the provision of special licenses.  Senior Vice President at Rystad Energy Jorge León, weighed in on the development,...

In his address at the opening of the April 16 Local Content Summit in Georgetown, President of Guyana, Dr. Mohamed Irfaan Ali, said the "Guyana Brand" has reached unprecedented levels of global recognition and influence, signaling a new era...

SBM Offshore said it has secured a US$250 million term loan facility to commence construction work on the Jaguar floating production, storage, and offloading (FPSO) vessel.  The tenor of the bridge loan is twelve months with an extension option for...

Subsea7 said the Pipeline Replacement Project 8 (PRP-8) offshore Brunei has been completed and delivered in line with Brunei Shell Petroleum Company (BSP) expectations. Shell and the Brunei government are 50:50 shareholders in BSP. PRP-8 is a turn-key project that...

State electricity company, Guyana Power and Light (GPL) has entered into a two-year contract with Urbacon Concessions Investments, W.L.L (UCI), as announced on April 13, 2024. The agreement involves the chartering of a power ship that boasts a considerable...

Trinidad and Tobago has made it clear that the Dragon Gas deal with Venezuela remains unaffected by the reinstated oil sanctions on the Spanish-speaking Republic.  In an April 17 statement, the Ministry of Energy and Energy Industries clarified that the...

At  12:01 am today, April 18, Washington made good on its promise to reinstate oil sanctions against Venezuela after President Nicolas Maduro dropped the ball on a deal made to promote a democratic electoral process in the Spanish-speaking Republic.  A...

MODEC has hired Norway’s Miko Marine to supply sea inlet covers to be carried aboard the Errea Wittu floating production, storage and offloading (FPSO) vessel destined for Guyana.  Miko said it got the contract from Offshore Frontier Solutions Pte. Ltd.,...