News

In keeping with Guyana’s strict Local Content regulations, the Guyana Shore Base (GYSBI) is on the hunt for local vendors that fit the 40 sectors outlined in Schedule 1 of the Local Content Act. “GYSBI has committed to this undertaking to...

ExxonMobil on Thursday issued a Request For Information (RFI) for the construction of Guyana’s Gas-to-Energy onshore pipeline. It wants to use the information to compile a list of qualified bidders. In the public RFI, Exxon said it plans to install an onshore...

With no Chief Executive Officer (CEO) in place, the Brazil state-owned Petrobras (Petróleo Brasileiro SA) has asked its Chief Exploration and Production Director to fill the slot. In a release, Petrobras said Fernando Borges was appointed on June 20, after last Petrobras...

The Georgetown Chamber of Commerce and Industry (GCCI) says disapproves "rent-a-citizen" and "fronting" tactics potentially being used by companies operating in Guyana's oil and gas sector, because such tactics run counter to the spirit of Guyana's local content legislation.  In...

Ramps Logistics’ chief executive, Shaun Rampersad came out in defense of the efforts it made to receive a Guyana local content certificate, including divestment of 51% of the company to a man with Guyanese citizenship named Deepak Lall. This...

The massive deep-water port being constructed by CGX Energy in Guyana means major development for the county of Berbice. But recently, the pace at which the project is being developed has become a concern for the government. Minister of Natural...

It is no secret that Guyanese companies are largely unaccustomed to making the scale of investments needed to provide services to the still burgeoning oil and gas sector. After all, the development cost for just one of ExxonMobil’s offshore...

Eni’s massive liquefied natural gas (LNG) floater docked offshore Mozambique has achieved first gas, adding the southeastern African nation to the list of LNG producers. “Following the introduction of gas in the plant, the Coral Sul FLNG will now be ready to achieve...

Trinidad and Tobago Prime Minister, Dr. Keith Rowley has signaled the twin island Republic’s intention to boost its natural gas production significantly before the end of this year. But the possibility does not exist, according to the former Minister...

QatarEnergy is pressing full steam ahead with the development of its mega North Field East (NFE) project. Recently, it finalised an agreement with ExxonMobil that will see the oil major getting a 25% stake in a joint venture, in which...