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US$207.6M withdrawal made from Guyana’s oil fund; last one for 2022

OilNOW -
Guyana’s Minister of Finance, Dr. Ashni Singh announced the country’s third and final withdrawal from its Natural Resource Fund (NRF) for 2022, of US$207.6 million (GY$43 billion). The funds were transferred to the Consolidated Fund and will be used to...
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SBM Offshore continues Guyana student outreach with Industrial Training Centre visit

OilNOW -
SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...
Exploration

Exxon aiming for jackpot at Tarpon-1 offshore Guyana

OilNOW -
ExxonMobil is ramping up its exploration activities offshore Guyana, targeting a new prospect at the 6.6 million acres Stabroek Block. Guyana’s Maritime Administration Department (MARAD) said in a notice that the company Guyana will be engaged in exploration drilling operations...
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US companies dominate RFPs for Guyana’s landmark refinery

OilNOW -
CH4 Guyana Inc & Lindsayca Inc, the US-based partnership that will construct the onshore facilities for Guyana’s Gas-to-Energy project, has signalled its interest in building the nation’s first refinery. The US group in collaboration with Sol Guyana Inc. recently submitted its...
News

Trinidad’s National Gas Company to take up shares in all Atlantic LNG trains

OilNOW -
Atlantic LNG shareholders – Shell, bp and the National Gas Company of Trinidad and Tobago – recently reached an agreement to restructure the company, a move that was welcomed by the T&T Energy Chamber. This comes as the global LNG market...
News

GTE will unlock Guyana’s new energy mix, says Ali as contract awarded for onshore plants

OilNOW -
Guyana's President, Dr. Mohamed Irfaan Ali, said that the Gas-to-Energy (GTE) project will unlock the country's new energy mix, as he presided over a major contract signing in the development. The signing is for the award of a contract to...
News

Guyana awards US$6.6M wreck removal contract as marine traffic increases

OilNOW -
Dutch firm Koole BV has been awarded a GY$1.38 billion (US$6.6 million) contract to remove 17 hazardous wrecks from Guyana’s waterways as marine activities surge. The company specialises in industrial demolition, remediation, wreck removal, and marine construction. This is its...
News

Normand Installer in dry dock prep for upcoming SBM Offshore Guyana campaign

OilNOW -
SBM Offshore’s multi-purpose deepwater construction vessel – the Normand Installer is gearing up for a new campaign in 2023 in Guyana’s Stabroek Block. According to reports, the Normand Installer has been placed into dry dock at Frederikshavn, Denmark. Built in 2006,...
News

Saipem seeking local contractor for dredge works at Guyana facility

OilNOW -
Italian offshore contractor, Saipem, is looking for a local company to carry out dredge maintenance work on the quay wall of its Guyana facility located on the East Bank of Demerara. In an Expression of Interest (EOI), Saipem outlined that...
News

Guyana seeking US$1.9 billion in work commitments for first offshore bid round

Kemol King -
Guyana is targeting US$1.9 billion in commitments for its first offshore competitive licensing round, with safeguards to ensure contractors work swiftly and diligently. The bid round for offshore blocks opened on Monday, December 12, 2022 and included deepwater blocks (D1-D3) between...
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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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