News

Georgetown Chamber of Commerce and Industry (GCCI) President Kathy Smith says Guyana’s oil industry is transforming the way local enterprises operate, pushing small and medium businesses to scale up, form partnerships, and think globally. “I’m seeing them as the winners,”...

Offshore oilfields that have come online since 2020, and those expected to start up by 2030, will account for over 65% of South America’s conventional oil production, according to an analysis published by Norway-based Rystad Energy on November 6.  The...

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing Contracts (PSCs) for Blocks 9 and 10. The agreements, secured during the POST SHO2 bid round, strengthen the company’s position...

In late October, the Georgetown Chamber of Commerce and Industry (GCCI) launched its transformative Micro Women Entrepreneur Learning Centre, aiming to support and empower women across Guyana in growing their businesses through training, mentorship, and access to resources. The centre,...

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support and maintenance from ExxonMobil Guyana for the Marlin Vessel Tracking and Alerts (VTA) software solution it delivered in 2024.  Sercel will...

Global energy technology company SLB has unveiled Tela™, an agentic artificial intelligence (AI) assistant designed to revolutionize the upstream energy sector by enhancing productivity and decision-making across exploration and production workflows. Tela integrates into SLB’s portfolio of applications and platforms,...

MODEC Guyana Inc. is seeking a qualified subcontractor to perform assembly, testing, certification and installation of marine offloading hoses for its floating production, storage and offloading (FPSO) vessels operating offshore Guyana. The scope of work includes inspection and renewal of...

Staatsolie Maatschappij Suriname N.V. signed Production Sharing Contracts (PSCs) for offshore Blocks 9 and 10 with PETRONAS Suriname E&P B.V. and Chevron Suriname Exploration Limited as operators. Staatsolie, in an announcement today, said for Block 9, PETRONAS Suriname will lead...

Guyana has upgraded its 2025 economic growth forecast to 15.2%, citing continued strength in oil production that has offset weaker global crude prices, the Ministry of Finance said in its mid-year report. The revised projection marks a sharp increase from...

ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance Policy for the Hammerhead Construction All Risk (CAR) Insurance Package Program. The RFI seeks insurers who meet the requirements under section...