Subsea 7, one of the two companies hired for pipelaying service for Guyana’s Gas-to-Energy project is on the hunt for local logistics firms, according to a public Expression of Interest (EOI).
Subsea 7 was hired alongside Dutch contractor Van Oord...
It may be a far way off, but the Guyana government is setting the stage for the development of gas resources with Suriname, if the companies decide to go that way.
The latest development, in this regard, is a proposed...
SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...
Guyana’s Ministry of Natural Resources has announced the release of a draft Petroleum Activities Bill for public consultation, proposing a major overhaul of its oil and gas regulatory framework. The bill aims to replace the outdated Petroleum (Exploration and...
Guyana High Court Judge Navindra Singh on June 19 dismissed the case challenging the legality of the country’s oil fund law.
The case, filed by opposition Chief Whip Christopher Jones and Trade Unionist Norris Witter, stood on the claim that...
China's BOMESC shipyard bid farewell to the FPSO Sepetiba on June 16 marking a significant milestone for SBM Offshore, one of the world's leading providers of floating production, storage, and offloading (FPSO) units.
The vessel embarked on its journey to...
Top officials at ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) have confirmed that its asset base as of December 2022 stood at GY$2.3 trillion (almost US$11 billion).
EEPGL’s Vice President and Business Service Manager, Phillip Rietema was keen...
New projections by the International Energy Agency (IEA) see Latin America’s oil production increasing by 25% by 2028. Guyana and Brazil are among those leading this growth.
“Oil-producing countries outside the OPEC+ alliance dominate plans for increasing global supply capacity...
Career diplomat, Dr. Riyad Insanally, sees Guyana’s recent election to sit on the United Nations Security Council, for the period 2024-2025, as a helpful addition to the repertoire of avenues that can be tapped by the government in its...
The energy transition talks came in hot but there appears to be a shift; majors are backpedaling on prior commitments to cut back on oil production.
bp was the first, and now Shell Corporation is moving in the same direction.
The...
