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SBM to bid for interest in five Brazilian FPSOs

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Dutch floater specialist SBM Offshore said on Monday it intends to bid for the interests held by Brazil's Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. SBM said the auction consists of the minority stake held...
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O&G pushing poultry demand in Guyana

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As momentum picks up in Guyana’s emerging oil and gas industry, the demand for various goods and services is steadily rising. One of the areas already being impacted is the agriculture sector. In recent months, it has been found that...
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Search for Bourbon supply vessel continues; capsized rescue craft spotted

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The search for tug supply vessel Bourbon Rhode continues with the full support of Cross AG (Regional Operational Center of Surveillance and Rescue) and the French navy, under the authority of the Prefect representing the French national maritime authority. Five...
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Guyana must prepare for tectonic shift in development trajectory

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Billions of dollars in oil revenue and a plethora of new opportunities could potentially transform one of South America’s smallest nations into a regional powerhouse, but for this to occur, a concerted effort must be made by its people...
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Bourbon supply vessel en route to Guyana sinks; 3 crew members rescued

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Following search operations of tug supply vessel Bourbon Rhode which started on September 26, the mobilized rescue teams have recovered a lifeboat with 3 crew members on board, the lifeboat having been identified by a Falcon 50 especially equipped...
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SBM Offshore begins construction of Guyana’s 2nd floating oil production complex

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Dutch firm SBM Offshore has commenced the construction phase of the Liza Unity floating production, storage and offloading vessel (FPSO) following ExxonMobil’s final investment decision (FID) on the Liza Phase 2 development, in May 2019. This follows the recent delivery...
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O&G opportunities will ‘pale into insignificance’ if Guyanese fail to unite – Energy Director

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The billions of dollars from oil production and multitude of opportunities opening up to the South American country of Guyana “will pale into insignificance” if the nation’s 750,000 people fail to unite. Director of Guyana’s Department of Energy, Dr. Mark...
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Several countries “locked and loaded” to fill Saudi oil supply gap – Rystad Energy

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Several countries are “locked and loaded” to fill the oil supply gap left by the attack on Saudi Arabia, Rystad Energy said on Friday, which is according to its field-by-field analysis. Neutral Zone: around 520,000 bpd Iraq: around 290,000...
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IEA may cut its oil demand growth estimates if global economy weakens

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(Reuters) - The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Friday. The Paris-based agency trimmed in August its global oil...
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Energy Dept. head says work not affected by political climate – provides update on several initiatives

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Director of Guyana’s Department of Energy Dr. Mark Bynoe says while the current political climate and parliamentary inactivity are concerning, the Department is forging ahead with its work including recruiting key staff and pursuing a number of initiatives, in preparation...
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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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