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SBM Offshore wraps up largest project financing in company’s history

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SBM Offshore announce Thursday that it has completed the project financing of FPSO Sepetiba for a total of US$1.6 billion, which is the largest project financing in the Company’s history. The project financing was secured by a consortium of 13...
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Guyana government says it will reveal plan for spending oil money

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Guyana’s Vice President, Dr. Bharrat Jagdeo says a comprehensive programme will be made available to the public showing how oil revenues will be spent, with focus on priority areas such as infrastructure and social upliftment, inclusive of investments in...
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DP World expands investment in Suriname

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In line with the company’s strategic objectives in the oil and gas sector, DP World said it has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to...
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Crude oil prices continue to climb

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(S&P Global Platts) Crude oil futures continued their uptrend in midmorning Asia trade on September 16 after sharp overnight gains on a bullish supply-demand outlook. At 11 am Singapore time (0300 GMT), the ICE November Brent futures contract was up...
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Guyana seeking consultants to assess studies for Payara project

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The Guyana Government through its Ministry of Natural Resources (MNR) published on Tuesday, an invitation for international consulting services to review and assess studies for the Payara project set to come on stream by 2024. Payara is the third development...
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Guyanese begin overseas training to work on Prosperity FPSO

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Seven Graduate Engineers from SBM Offshore’s Graduate Engineering Programme arrived in the Netherlands on August 10, 2021, to begin training, in preparation to work on the Prosperity Floating Production Storage and Offloading vessel (FPSO), which is under construction in...
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International Energy Conference launched

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The International Energy Conference and Expo was launched on Tuesday in Georgetown, Guyana, slated to be held on February 15-18, 2022, under the theme ‘Charting a sustainable energy future’. The Conference’s Chief Executive Officer, Angenie Abel said presentations will seek...
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Learning app for Guyanese women entrepreneurs launched through support from ExxonMobil Foundation

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The Cherie Blair Foundation for Women, ExxonMobil Foundation and ActionINVEST Caribbean Incorporated (ACI), on September 14, 2021, launched a partnership to bring vital entrepreneurial skills and support to women across Guyana through the Foundation’s ‘HerVenture’ mobile learning application. The mobile...
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Largest exploration campaign ever to be undertaken in Guyana basin could see oil reserves skyrocket

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The largest exploration campaign ever to be undertaken in the Guyana basin is being planned with multiple wells set to be drilled across several blocks. Results from these forays can see the already massive 9 billion plus barrels of...
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World’s first FPSO to be awarded SUSTAIN-1 Notation is now in alignment with key elements of UN SDGs – ABS

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The Liza Unity FPSO which has been awarded the SUSTAIN-1 notation by leading Classification Society American Bureau of Shipping (ABS) is now in alignment with key elements of the United Nations’ Sustainable Development Goals (SDGs). “The SUSTAIN-1 notation demonstrates the vessel’s alignment with...
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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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