News

Guyana Shore Base Inc. (GYSBI) has launched its 2026 Technical Scholarship program, offering young Guyanese up to GY$500,000 (approx. US$2,400) per academic year to pursue technical and vocational studies. The support is open to persons between the ages of 16...

Two major offshore oil stories have unfolded on opposite sides of the Guyana-Suriname Basin, but the distance between discovery and production has been very different. Guyana went from the Liza discovery in May 2015 to first oil in December 2019,...

Baker Hughes has secured a major subsea contract to supply production equipment for the Kutei Northern Hub, an offshore natural gas development in Indonesia. The energy technology company announced the award on August 10 from Searah North Ganal Limited, a...

Norwegian offshore services company DOF Group has secured contracts worth between US$15 million and US$25 million for two anchor handling tug supply (AHTS) vessels that will operate in the Caribbean Community (CARICOM) region. DOF announced the awards on August 10,...

Guyana’s offshore oil industry now produces more than 900,000 barrels of oil per day from the Stabroek Block, requiring systems that ensure personnel are prepared to respond to potential incidents.  According to ExxonMobil’s Oil Spill Response Plan, the U.S. major’s...

The Guyana government will conduct a six-month consultation to identify additional goods and services that Guyanese businesses can supply to the oil and gas sector and related industries. Senior Petroleum Coordinator at Guyana’s Ministry of Natural Resources Bobby Gossai said...

Nigeria expects to attract between US$30 billion and US$50 billion in offshore oil and gas investment by 2030 as 22 major deepwater projects move toward production, Business Insider Africa reported on August 6. The investment push comes as Africa’s largest...

Guyana is set to receive a larger share of the oil produced from the Stabroek Block after ExxonMobil and its co-venturers recovered about US$55 billion in investment and a substantial amount of operating costs. To understand why, it is important...

The Energy Chamber of Trinidad and Tobago has established a Women in Energy Task Force aimed at supporting the participation and career development of women across the country’s energy industry. The task force held its inaugural meeting on August 5,...

SBM Offshore has opened a request for information (RFI) for companies capable of providing 3D survey, piping fabrication, installation and mechanical services for its offshore operations in Guyana. The contracting opportunity was published on August 7 by the Centre for...