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Oil prices could average $62 by the time Guyana begins production

OilNOW -
Fitch Ratings, one of the "big three credit rating agencies" in the US, sees oil prices averaging $65 per barrel towards the end of 2019 and into 2020, around the time the South American country of Guyana is expected...
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ExxonMobil Guyana continues support for reading & robotics; program launched in Lethem

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STEMGuyana’s Reading and Robotics programme has been taken to Lethem, Region 9, as part of an ongoing countrywide initiative. ExxonMobil Guyana has partnered with STEMGuyana to launch eight of these  programs across the country, which caters for children aged 8...
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Saipem snags 200 million USD in offshore contracts

OilNOW -
Liza Phase 1 Development prime contractor, Saipem, has been awarded new contracts in Offshore Drilling in Norway and the Middle East totalling over 200 million USD. The company said on Friday that one contract was signed with the German company...
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Shipping company opens Guyana office as Oil & Gas set to drive demand for services

OilNOW -
GAC Shipping, Logistics and Marine Services has opened an office in Guyana in response to demand for professional shipping and logistics support following the discovery of large reserves of oil and gas offshore the South American country. To provide local...
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Harvey Gulf wins contracts in Guyana, 3 other locations

OilNOW -
Harvey Gulf International Marine said on Thursday it has been awarded contracts in Mexico, Trinidad, Guyana and Suriname. This follows the company’s commitment to global in September 2018 and the opening of its Guyana office in March this year. The...
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Guyanese & TT JV construction company secures contract for ExxonMobil new Ogle HQ

OilNOW -
Nabi/KCL Oilfield Construction Services Guyana has secured the contract for the construction of ExxonMobil affiliate Esso Exploration and Production (Guyana) Limited’s new head office located at Ogle, East Coast Demerara. Nabi/KCL Oilfield Construction Services said in a statement on Thursday...
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Upstream: SBM set to firm up third Fast4Ward order

OilNOW -
SBM Offshore is set to sign a commercial contract with Chinese yard China Merchant Heavy Industry (CMHI) this weekend to build the hull of a floating production, storage and offloading vessel under the Dutch floater specialist’s Fast4Ward design, Upstream...
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O&G expected to fuel rapid demand for urban infrastructure services – Guyana developing plan

OilNOW -
Authorities in Guyana are paying close attention to the demands that the emerging oil and gas industry will create for urban infrastructure services and are moving to develop a plan of action with the support of the Inter-American Development...
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Dual citizenship rule could deprive Guyana of human resources needed to develop oil and gas, other industries – Trotman

OilNOW -
With Guyana poised to become a major oil and gas producer in the region, Leader of the Alliance for Change (AFC) and Minister of Natural Resources, Raphael Trotman, says amendments to 155 (1) (a) of the Constitution of Guyana...
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Russia military presence in Venezuela a threat to Guyana’s security, development of offshore resources – Persaud

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Guyana’s former Minister of Natural Resources and the Environment Robert Persaud says Russia has no business meddling with Venezuela’s march to a liberal democracy and called for the Government of Guyana to be clear on its stance on the...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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