News

Guyana’s premier shorebase offers scholarships, employment opportunities

Guyana Shore Base Inc. (GYSBI), the leading onshore support facility for the oil and gas industry in Guyana, is launching a new Technical Scholarship to boost education for young Guyanese individuals aged 16 to 25.  This initiative will provide support...

Guyanese suppliers being sought to craft local content framework for Exxon’s new FPSO builder

MODEC’s local affiliate, MODEC Guyana Inc., is moving to craft its local content compliance strategy in line with legal requirements. The company is setting up shop in Guyana, after being hired to build and deliver the Errea Wittu floating...

Bp places Guyana output among decisive factors in next decade’s global oil supplies shift

Guyana is poised for a significant uptick in oil production within the next decade, amidst a seismic shift in global oil supplies, according to the 2023 edition of the Energy Outlook report by British multinational oil and gas company,...

Guyana set to roll out solar PV systems for hinterland homes this week

In a bid to minimise the country's carbon footprint while addressing energy disparity, Guyana is poised to begin the distribution of solar photovoltaic (PV) home systems to 30,000 households in its hinterland communities. The Chief Executive Officer of the...

Transocean to deploy ultra-deepwater drillship for US$518M GoM job

Transocean announced Tuesday that an independent operator awarded a 1,080-day contract for a high-specification seventh-generation, ultra-deepwater drillship in the Gulf of Mexico. One of three drillships will be selected by Transocean from among Deepwater Invictus, Deepwater Thalassa, and Deepwater...

Noble rig conducting operations at Payara as first oil nears

Development drilling operations remain in high gear at ExxonMobil’s latest project off the Guyana coast, set to come online later this year. The Noble Bob Douglas will conduct activities which will conclude on August 31, according to a notice from...

Gas-to-Energy Task Force Head condemns ‘obstructionist’ lawsuit against project

Head of Guyana’s Gas-to-Energy Task Force, Winston Brassington, has urged Guyana’s Supreme Court to dismiss a lawsuit against the Gas-to-Energy project, arguing that it is obstructionist. The lawsuit concerns the issuance of an environmental permit by the Environmental Protection Agency...

Dutch maritime giant now part of massive Suriname Port project

Van Oord Dredging and Marine Contractors B.V., has joined Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer to build a mega deepwater facility – Port of Nickerie – in Suriname. The partnership will integrate green energy, sustainable transport...

Oil companies in breakthrough plastic recycling achievement for MENA region

In a landmark achievement for the Middle East and North Africa (MENA) region, energy giants TotalEnergies, Aramco and SABIC have successfully processed oil from plastic waste at scale to make circular polymers certified by the International Sustainability and Carbon...

GO-Invest to lead Guyana delegation to 9th India-LAC Conclave

Dr. Peter Ramsaroop, Chief Investment Officer and Head of the Guyana Office for Investment (Go-Invest) is set to lead a robust delegation to the ninth India-Latin America and Caribbean (LAC) Conclave on the 3rd and 4th of August 2023...

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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...