News

World’s largest O&G conference pushed back to H2 2021

The organisers of the Offshore Technology Conference (OTC), the world’s largest oil and gas conference and exhibition, has chosen to postpone the 2021 event to August 16–19. OTC said Monday this is due to the ongoing challenges presented by...

Mega 220,000 bpd Liza Unity FPSO begins integration phase in Singapore

Dutch floater specialist SBM Offshore said Monday the Fast4Ward® Multi-Purpose Floater (MPF) hull for the Liza Unity FPSO has moved to the integration quayside in Keppel TUAS, where the topsides integration phase started with the progressive lifting of the...

Halliburton builds one of the largest mud plants in the hemisphere, expands local workforce in Guyana

US oil field service company Halliburton has been steadily expanding its activities in Guyana since setting up operations in 2015 which has seen the establishment of state-of-the-art facilities, including one of the largest mud plants in the hemisphere, and...

U.S wants to remain Guyana’s trading partner of choice

The United States is looking to remain the top trading partner of new oil producer Guyana where investment opportunities have been steadily increasing since 2015 when US oil major ExxonMobil made its first world class oil discovery off the...

Guyana to re-engage Norway on another programme for climate change funding – Jagdeo

In 2009, Guyana and Norway signed a ground-breaking agreement which led to the creation of the world’s second largest national-level Reducing Emissions from Deforestation and Forest Degradation (REDD+) scheme. The partnership is one that led to Guyana collecting over...

Guyana Oil GDP increased by 45.9% in first half of 2020 – Marla Dukharan

The International Monetary Fund has cut its growth projection in half for new oil producer Guyana to 26% for 2020 - still the fastest in the world - and forecasts 8% growth in 2021 and 29% in 2022. Caribbean Economist,...

WeLead ‘DisruptHER’ set for December 8

WeLead Caribbean announced on Saturday that it will be staging its fourth annual Women's Empowerment Conference under the theme “DisruptHER.” The conference will be held virtually on December 8, 2020 and will focus on Changing the Element of Women’s...

Upstream gas investments could be slashed by 65%

A world on a 2-degree pathway could significantly reduce upstream gas investments by 65% through to 2040, says Wood Mackenzie. The company’s base case outlook projects some 200 billion barrels of oil equivalent (bnboe) of new gas resource developments...

AmCham will press US firms to aid in transfer of skills, tech to Guyanese companies – Zulfikar Ally

In order to bridge the gap between local and international companies operating in Guyana’s oil and gas sector, the American Chamber of Commerce (AmCham) Guyana is moving to ensure local companies are in compliance with international best practices. In...

Fortune 500 companies looking to invest in Guyana, U.S Ambassador reports

Guyana has been on the receiving end of unprecedented interest from foreign investors following the discovery of billions of barrels of hydrocarbon resources offshore and the country's entry as a new oil producing nation. This is now seeing a...

Latest News

Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...