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Guyana holding firm on full transparency in oil and gas – Natural Resources Minister

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The Government of Guyana – South America’s newest oil and gas hotspot – has reiterated its commitment to transparency and accountability in the natural resources sector and its continued partnership and cooperation with institutions such as the Extractive Industries...
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US sanctions UAE, Chinese firms for involvement in Iranian petchem, oil sales

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(S&P Global)  The US government on Sept. 3 sanctioned 11 entities based in Iran, the UAE and China for continuing to facilitate sales of Iranian petrochemical and oil products. The move is the latest in the Trump administration's efforts to...
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Guyana prioritizing development of waterfront facilities

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Guyana is seeing increased marine traffic with the establishment of its oil and gas sector. At current capacity, the country’s President, Dr. Irfaan Ali, says it does not have the facilities to meet the projected increase in marine traffic...
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EITI warns against resource-backed loans

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Entering into resource backed loan arrangements could devastate the economies of developing resource rich countries. However, it has been recognized that mechanisms such as the Extractive Industries Transparency Initiative (EITI) can play a role in equipping citizens to be...
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Logistics company ramping up vessel capacity as demand for services offshore Guyana grows

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RAMPS Logistics is expanding its services in Guyana as exploration and production activities offshore the South American country continue to expand. The company plans to increase the number of vessels operating in the country which the head of its...
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Saipem FDS 2 preparing seabed infrastructure for Liza Phase 2

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Italian multinational oilfield services company Saipem is in the process of executing pipelaying work with the Crane Ship Saipem FDS 2, for phase 2 of ExxonMobil’s Liza Development offshore the South American country of Guyana. The Saipem FDS 2 is...
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Liberty Oilfield Services puts Schlumberger tech in its yards, Halliburton in its crosshairs

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(Bloomberg) --Liberty Oilfield Services Inc., which will become North America’s second-biggest fracing provider with the acquisition of a Schlumberger unit, expects to one day topple Halliburton Co. from the No. 1 spot. “Customer demand has told us to grow at...
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Draft agreement for Payara development under discussion – Vickram Bharrat

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A draft agreement for the Payara development has been formulated and was discussed at a meeting on Thursday by a high-level team comprising individuals from ExxonMobil and the Department of Energy. In August, the newly elected government in Guyana had engaged...
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New Guyana government looking to rebuild investor confidence after grueling 5-month elections ordeal – President Ali

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As a result of the electoral impasse which delayed the swearing-in of the new government in Guyana by five months, investor confidence and trust in the new oil producing country has been severely damaged according to its new President,...
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Record-setting Stena Carron reaching previously un-drillable depths

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The Stena Carron drill ship is writing itself into the history books with a string of successful discoveries offshore Guyana, demonstrating its industry leading performance technology, making it ideal for drilling in dynamic environments such as the 6.6 million...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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