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Minister fears small businesses have not grasped magnitude of coming oil bonanza

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Guyana's Minister of Business, Dominic Gaskin, said businesses that understand where the country is going over the next two decades will make better decisions than those that do not. He was at the time delivering remarks at the opening of...
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Saipem, Petrofac and Samsung awarded US$4B onshore E&C contract in Thailand

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Saipem, in consortium with Petrofac and Samsung, has been awarded a new Onshore E&C contract in Thailand for the expansion of the Sriracha refinery. The total value of the project is approximately 4 billion USD. In a press release on...
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ExxonMobil in hunt for ‘next Guyana’

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US oil major ExxonMobil is acquiring large amounts of seismic data in a hunt for prospects that would mirror its massive oil discoveries in the South American country of Guyana. The company is targeting western and southern Africa for the...
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Steps being taken to ensure wealth fund is fully operational by 2019 – President Granger

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Concerted steps are being taken to ensure that the revenues accrued from the oil and gas sector will not be squandered, but instead, be invested strategically in building human and institutional capacity for future generations. These were the words of...
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Ratio Petroleum gunning for oil & gas in the Philippines

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Ratio Petroleum Ltd., the parent company of Ratio Guyana Limited which holds a 25% interest in the Kaieteur Block in Guyana along with partners, Esso Exploration & Production Guyana Limited (35% & Operator), Cataleya Energy Limited (25%) and Hess...
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‘knowledge transfer’ will accelerate growth of industry in Guyana – Siobhan Coady

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Minister of Natural Resources from the Canadian Province of Newfoundland and Labrador, Siobhan Coady, is encouraging Guyana, as an emerging oil and gas producing nation, to look at how best the country can benefit from “knowledge transfer” in the oil and...
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Oil & gas will create major opportunities for tourism, food and beverage sectors – Ramesh Persaud

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The Institute of Private Enterprise Development (IPED) in Guyana is encouraging entrepreneurs to examine opportunities that are aligned with the country’s emerging oil and gas sector and to see how best they can tap into those. This view was articulated...
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Guyana’s Natural Resources Ministry offers clarification on role in placement of cost recovery advert

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Guyana’s Ministry of Natural Resources (MNR) said on Monday that it remains the accounting agency for the Department of Energy (DoE) “only for procurement aspects and disbursement of funds” until budget 2019. The Ministry was at the time offering clarification...
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Head of Energy Dept. outlines five principles on which Guyana’s O&G sector is to be streamlined

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Head of Guyana’s Department of Energy, Dr. Mark Bynoe says every effort will be made to streamline operations in the country’s emerging oil and gas sector. He was speaking at a welcome reception at the residence of the Canadian High...
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Guyana looking to learn from experiences of Newfoundland and Labrador as MoU on O&G cooperation is inked

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The Government of Guyana and the Canadian Province of Newfoundland and Labrador signed a Memorandum of Understanding (MOU) on Monday at the Ministry of the Presidency, in the South American country’s capital, Georgetown. The MOU is intended to foster greater...
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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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