News

It would be highly impractical for Guyana to expend billions importing liquefied natural gas (LNG) for its domestic use, as opposed to tapping into its massive offshore gas reserves in the Stabroek Block. Holding this position was the head of...

The first shipment of liquefied natural gas (LNG) from Mozambique’s massive offshore Coral Sul FLNG facility has been lifted by bp. Under a long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG, boasting a production capacity of...

Construction of the 3rd and 4th floating production storage and offloading (FPSO) vessels for ExxonMobil’s operations in Guyana – Prosperity and ONE GUYANA - is progressing well, according to SBM Offshore, the company building the vessels. For ONE GUYANA, SBM Offshore said...

After months of public appeals to Guyana’s Local Content Secretariat, impassioned testimonials from its Guyanese staff, and a court battle, Ramps Logistics Guyana is now elated by its recent win – a Local Content Certificate. So related its Chief...

What will it take for Trinidad and Tobago to fix its economy? It is the question Economist and Senior Lecturer at the University of the West Indies, Dr. Roger Hosein continuously ponders when reflecting on the state of affairs...

The Guyana government said, shortly after issuing a Local Content Certificate to Ramps Logistics Guyana, that it is considering appealing the High Court ruling which compelled it to do so. A statement from the Ministry of Natural Resources said strong...

Ramps Logistics Guyana has received its Local Content Certificate and is now displayed on the official register of Guyanese companies, on the website of the Local Content Secretariat. The certificate was issued for a one-year period, as stipulated by the...

When it comes to the management of the oil and gas sector and capacity building for economic growth, the United States is actively supporting Guyana on multiple fronts. This was highlighted by US Ambassador to Guyana, Sarah-Ann Lynch, during a...

Dutch floater specialist, SBM Offshore, says it is progressing well with the construction of three major floating production, storage and offloading (FPSO) vessels for Brazil. Despite the lingering economic impacts of COVID-19 which is still impacting the pace of work, SBM Offshore said FPSO Sepetiba’s integration and commissioning activities...

Noble Corporation Plc, which has four rigs operating offshore Guyana, reported US$33.59 million in earnings for the third quarter of 2022. This represented a significant improvement over the previous year where a net loss of US$23.67 million was recorded. The...