News

The Liza Destiny FPSO, Guyana’s first oil production vessel, has racked up over 800 days with no recordable incident offshore the South American country where it has been producing oil for the past 24 months. The vessel, built and operated...

While he considers the Local Content Bill 2021 to be one of the most important pieces of legislation since Guyana's independence, Attorney General and Minister of Legal Affairs, Anil Nandlall recently praised the Bill for striking a balance between...

Over 1,000 Guyanese worked on projects that culminated with the commissioning of the country’s first Floating Production Storage and Offloading (FPSO) vessel back in June 2019, in Singapore. Today marks two years since the SBM Offshore built and operated Liza...

Guyana’s President Dr. Mohamed Irfaan Ali said that a new Natural Resource Fund Bill tabled last Thursday would allow full parliamentary scrutiny of the operations of the sovereign wealth fund. The President gave this assurance during an event in Palmyra...

(Bloomberg) Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member tries to raise output to 1.4 million barrels a day by mid-2022. Reaching...

Since 2015, the year ExxonMobil made its first world class discovery offshore Guyana, the company has spent more than half a billion U.S. dollars with local suppliers supporting the emerging oil and gas industry. The South American country has...

Senior Petroleum Coordinator at Guyana’s Ministry of Natural Resources, Bobby Gossai Jr., says the Local Content Bill 2021 laid in Parliament last week is a dynamic document that will be continuously updated as the oil and gas industry evolves in...

SBM Offshore announced Friday that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is...

Guyana’s President, Dr Mohamed Irfaan Ali, on Friday paid a visit to CGX’s Deep Water Port site at Palmyra, Berbice where it was highlighted that the construction and operational phase of this US$80 million investment will create more than...

On Wednesday, December 15, 25 Guyanese businesses graduated from the Health, Safety, Security and the Environment (HSSE) Management System Mentorship Programme which was facilitated by the Centre for Local Business Development. Sagacity Inc., a public relations agency located in...