News

Keppel hires GE Power to supply electric modules for Brazil-bound FPSOs

Singapore-based Keppel Shipyard has selected GE Power Conversion to design, supply and deliver two electrical modules for Petrobras’ floating production, storage and offloading vessels (FPSO) that will operate in Brazil. The FPSO vessels, coded P-80 and P-83, will be used...

Work begins on Trinidad’s 112MW solar project 

Trinidad and Tobago took a major step towards achieving its clean energy goals as work officially began on the country's first utility-scale solar project. The sod-turning ceremony at Brechin Castle marked the beginning of the construction of the 112MWac...

No decision yet on oil refinery for world’s fastest growing economy

The Guyana government has not made a decision yet on whether or not to pursue the construction of an oil refinery in the country, according to comments made by Vice President Dr. Bharrat Jagdeo. Dr. Jagdeo stated during a media...

Six schools feature in SBM Offshore’s first Guyana-Monaco Mousetrap Car Grand Prix

Six schools from Guyana recently participated in the first-ever Guyana-Monaco Mousetrap Car Grand Prix, an exciting competition aimed at promoting science and engineering among students, hosted by SBM Offshore Guyana. The event, which was held on April 11 at...

2023 oil price forecast hiked to $85/b by US Energy Body as OPEC cut remains in play 

Oil prices shot up to US$83 per barrel as the United States (US) Energy Information Administration (EIA) revised its forecast for this year and the next.  In its Short Term Energy Outlook, the EIA expects Brent to average at US$85.01...

Qatar to extend North Field East LNG with Sinopec as partner

QatarEnergy, the state-owned oil and gas company of Qatar, has signed a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project. The NFE project is the largest project in the history of...

Ministry still accepting comments on Guyana’s model contracts – Jagdeo 

The Ministry of Natural Resources of Guyana continues to accept comments on the draft model Production Sharing Agreements (PSA), which will apply to the ongoing bid round. Despite the deadline for comments having passed, Vice President Dr. Bharrat Jagdeo...

World Court gives Venezuela one year to file counter Memorial in Guyana border case

The International Court of Justice has given Venezuela one more year to file a counter Memorial in the ongoing border case with Guyana - April 8, 2024. The case centers on the legal validity and binding effect of the...

Liza field development lifetime to be extended to accommodate gas project  – VP

The lifetime of Guyana’s first Stabroek Block development - Liza Phase 1 is set to be extended to accommodate the Gas-to-Energy (GTE) project, Vice President, Dr. Bharrat Jagdeo said.  The Liza permit is currently under review.  The GTE is set to...

Oil production kicks off at bp’s Argos platform in the Gulf 

Argos, bp’s fifth platform in the deepwater Gulf of Mexico (GoM) achieved startup, the company announced Thursday, to deliver more energy and strengthen its position as a leading producer there. It is the first new bp-operated production facility in the...

Latest News

UG SPE student chapter shines at SLB’s inaugural PetroChallenge in Guyana

- Simulation exercise signals strong potential for the future energy workforce Three students from the University of Guyana (UG) student...