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More locals than ever before commence work on ONE GUYANA FPSO fixtures

Kemol King -
More locals than ever before have been engaged to build fixtures for Guyana’s newest floating production, storage and offloading (FPSO) vessel, ONE GUYANA. A steel strike ceremony was held at Industrial Steel Fabricators (InFab) Good Hope facility, on the...
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Driller that made world-class Guyana discovery lands strategic partnership with Norwegian oil giant  

OilNOW -
Norway’s state energy company, Equinor, said it has awarded contracts for the use of the Transocean Encourage to be used mainly in the Norwegian Sea, and the Transocean Enabler for the Johan Castberg field. The planned drilling spans multiple...
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MODEC seeking Guyanese firms to provide steel, fabrication services 

OilNOW -
Builder of Guyana’s fifth production vessel - Mitsui Ocean Development & Engineering Company Inc. (MODEC) - is seeking Guyanese firms that can provide steel and steel fabrication services.  MODEC in a public Expression of Interest (EOI) said it is looking...
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Kester Hutson elected new GCCI President, says Local Content push remains high on agenda 

OilNOW -
A key Guyana business group, the Georgetown Chamber of Commerce and Industry (GCCI), has elected businessman Kester Hutson as its new President, ending the two-term presidency of Timothy Tucker.  Fresh off his election, Hutson in a comment to...
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Guyana’s electric bike transition a safety hazard? Here’s what’s being done

OilNOW -
Guyana, like many countries around the world, is facing a transition towards cleaner forms of energy, including in the transportation sector. The recent increase in electric bikes in the country offer an alternative to gas-powered motorcycles. However, concerns have...
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Update to Local Content Act could bring in US$350 million more annually – Dr. Pertab

OilNOW -
Director of Guyana’s Local Content Secretariat, Dr. Martin Pertab, said that a new update to the Local Content Act’s first schedule could bring in US$300-350 million annually. Presently, 40 categories are subject to a legal mandate for contractors to utilise...
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Prosperity FPSO helideck certified by first Guyana-licensed inspector 

Shikema Dey -
The helideck license for Guyana’s third production vessel - the Prosperity - was handed over to SBM Offshore in a ceremony that also marked a milestone for the local Civil Aviation Authority (GCAA) since it was certified by the...
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Macro response not needed to supposed shortage of US$$ in Guyana’s market – Financial Analyst 

OilNOW -
Much has been said about the supposed shortage of US currency in Guyana’s market - both by the Georgetown Chamber of Commerce and Industry (GCCI) and the Central Bank in loaded statements. The issue was thought to be put...
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Over 25 new services identified by private sector for update of Guyana’s local content law

OilNOW -
Guyana's Private Sector Commission (PSC) has identified 25 additional categories that could be included in the country's Local Content Act, said President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker. He told OilNOW in an exclusive interview...
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Guyana, Brazil driving global FPSO market this decade – Rystad 

Shikema Dey -
The global offshore industry is firing on all cylinders with the floating, production, storage and offloading (FPSO) vessel market set for close to 50 awards this decade, according to Norway’s Rystad Energy.  Brazil and South America’s rising oil star, Guyana,...
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ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its...

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