Wednesday, December 7, 2022

News

No repeating CGX’s delays; new Guyana oil contracts to have penalty, strict relinquishment – Jagdeo

Delays and infractions by oil companies in fulfilling their commitments to the Guyana government can cost the country dearly. Vice President Dr. Bharrat Jagdeo has said that if companies sit on a block for three years without doing the...

iNet unveils new satellite to boost connectivity offshore Guyana

iNet Communications has unveiled a new satellite targeting improved connectivity for offshore operations spanning Guyana and the wider Caribbean Region. Chief Executive Officer (CEO), George Melville shared with OilNOW recently that iNet partnered with Eutelsat S.A. – a French satellite...

Canadian trade mission eager to create synergies in Guyana

A Canadian trade mission with interests in energy, infrastructure, and procurement is seeking critical partnerships with Guyanese. Canada’s High Commissioner to Guyana, Mark Berman made this revelation during a reception held Monday for the visiting team from Newfoundland and Labrador province. He said several companies are...

bpTT hits first gas at Cassia C Project

BP Trinidad and Tobago LLC (bpTT) has confirmed that its Cassia C development has safely delivered first gas. The project is expected to produce, at peak, about 200-300 million standard cubic feet a day of gas. Production will go towards...

French manufacturer secures line-pipe order for Exxon’s Uaru project

Vallourec announced Wednesday that it secured a major line-pipe order for ExxonMobil Guyana’s Uaru project. The Uaru project will be situated in the Stabroek Block, a 26,800 km2 strategic acreage located off Guyana’s continental shelf. The development is targeting approximately 1.3 billion oil-equivalent barrels, the largest project expected offshore...

UK-based firm to supply titanium pumps for Guyana’s largest capacity FPSO

Amarinth, a world-leading, net-zero designer and manufacturer of low lifecycle cost centrifugal pumps and associated equipment, has won a further order from VWS Westgarth for two titanium API 610 OH2 pumps for use aboard the FPSO One Guyana which...

Guyana is most significant new entrant to global oil industry – WoodMac

Global research group, Wood Mackenzie, said last week that Guyana is the most significant new entrant to the global oil industry. It noted that the country will be producing one million barrels of oil equivalent per day (boe/d) within the...

Canadian firms want to help Guyana deliver major hydropower project

Canadian High Commissioner to Guyana, Mark Berman, has confirmed that companies from his homeland are interested in sharing their expertise for Guyana to realise its landmark Amaila Falls Hydropower Project (AFHP). Berman said these interests have been channelled through the Canadian Commercial...

Chevron preparing to make first shipment of Venezuela crude to United States

Chevron Corp. has been given the green light by the Biden-led United States (US) administration to restart oil production in Venezuela, after an almost three-year ban on all drilling operations there. Chevron got a six-month license, permitting it to produce...

Dredging activities for new port facility in Guyana ramping up with addition of massive vessel

A new vessel – the largest to date – arrived in Guyana this week to undertake dredging activities for a landmark port facility being set up to service the growing oil production operations offshore the South American country. NRG Holdings...

Latest News

New US$3 million dry-dock yard to support Guyana’s booming marine sector

A venture by Pritipaul Singh Jr. will see some US$3 million being invested into Dock Yard – a drydocking...