News

Ghana’s Cybele Energy targets 160,000 b/d at Guyana’s S7 Block; sees 400M barrels recoverable – Chairman 

Beatrice Mensah Tayui, Executive Chairman of Ghana-based Cybele Energy, said the company is targeting production of 160,000 barrels of oil per day at Guyana’s S7 Block, and sees more than 400 million barrels of recoverable resource potential. Mensah‑Tayui was delivering...

GCCI President to investors: ‘Do not underestimate the micro, small, medium-sized enterprises’

Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith on Thursday urged foreign and regional investors to actively partner with Guyana’s micro, small and medium-sized enterprises (MSMEs), cautioning against concentrating opportunities among only large firms. She delivered the remarks...

GRA, Local Content Secretariat clamping down on ‘rent-A-citizen’ practices in Guyana – Natural Resources Minister 

The Guyana Revenue Authority (GRA) and the Local Content Secretariat are upping their enforcement of “rent-a-citizen” practices designed to bypass the country’s Local Content Act (LCA). This is according to Minister of Natural Resources Vickram Bharrat, speaking exclusively with...

Guyana Technical College becomes ‘largest and most complex’ project in LearnCorp International’s history

Canadian training company, LearnCorp International, said its work on the Guyana Technical Training College Inc. (GTTCI) represents “the largest and most complex undertaking in our company’s history,” as the US$120 million facility advances offshore workforce training in Guyana. The company...

Minister Brunings confirms talks with Guyana on potential Gas-to-Energy collaboration with Suriname 

Suriname’s Minister of Oil, Gas and Environment, Patrick Brunings, has confirmed that discussions were held with Guyana’s President Irfaan Ali during the Guyana Energy Conference this week regarding potential collaboration between the two countries on gas-to-energy development. Speaking to OilNOW...

Guyana well-positioned to tackle energy poverty – Chevron Chairman

Mike Wirth,  Chevron Chairman and Chief Executive Officer (CEO), said Guyana is poised to play a major role in delivering energy to meet growing global demand and address energy poverty.  Wirth was at the time delivering remarks at the fifth...

SBM Offshore, Local Content Secretariat push transparency and digitization at ‘Let’s Talk Local Content’ forum

Transparency, access and supplier readiness were at the center of discussions on Thursday when industry and government officials addressed the ‘Let’s Talk Local Content’ forum.  The forum was held on day three (February 19) of the Guyana Energy Conference and...

‘My Barima-Waini & Me’ – SBM Offshore and partners introduce new curriculum to hinterland schools in Guyana 

Students and teachers in Region One are now better equipped to connect classroom learning with their environment, culture, and community following the official handover of the Environmental Education Curriculum (EEC), “My Barima-Waini & Me: Our Culture, Landscapes & Wildlife.”  The...

Guyana’s downstream natural gas to be governed by new Oil and Gas Operations Bill – Legal Affairs Minister 

Downstream natural gas activities in Guyana will be regulated under a new Oil and Gas Operations Bill, Minister of Legal Affairs Anil Nandlall announced on day three of the Guyana Energy Conference and Supply Chain Expo. Nandlall was at the...

NGL facility,  228 MW from Guyana’s Gas-to-Energy plant this year – Brassington

Winston Brassington, head of Guyana’s Gas-to-Energy Taskforce, said the Natural Gas Liquids (NGL) facility at Wales will be ready before year's end, while only part of the 300 megawatt (MW) power plant will deliver electricity this year. He provided the...

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Trinidad moves ultra-deepwater push forward with ExxonMobil, Oxy PSC signing

Trinidad and Tobago has signed a Production Sharing Contract for the TTUD-1 Block with ExxonMobil Trinidad and Tobago Limited...