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Excitement high as 2nd batch of Guyanese workers head out to Stena Drillship

Excitement was high on Saturday at the head office of El Dorado Offshore (EDO) in Georgetown, as another batch of Guyanese workers prepared for the 120-mile journey offshore to the Stena Carron Drillship. Stena has selected 12 Guyanese nationals through...

US Ambassador optimistic Guyana will achieve EITI candidacy this year

US Ambassador to Guyana, Perry Holloway, says he is optimistic that Guyana’s candidacy for the Extractive Industries Transparency Initiative (EITI) will be approved this year. The United States is providing assistance to the Ministry of Natural Resources in support...

Public lecture on safety culture in oil & gas set for Tuesday

Guyanese will have another opportunity to learn more about key aspects of the oil and gas industry with the staging of another public lecture on Tuesday, July 18, 2017. The focus of this lecture will be the cultural impact...

Trump administration reduces royalty rates in first U.S. oil, gas lease sale

(Reuters) The Trump administration on Thursday announced its first offshore oil and gas lease sale, offering 76 million acres (30 million hectares) in the Gulf of Mexico and reduced royalty rates for shallow-water leases to encourage drilling at a...

Halliburton looking to open office in Guyana

Guyana's Minister of Natural Resources, Raphael Trotman, and a team of technical officers of the Petroleum Department of the Ministry of Natural Resources met with Mr. Jeffrey Miller, President and CEO of Halliburton, and his team at the Ministry’s...

Trotman says Guyana is “right on target” with preparation for first oil

“We are not in a sprint, we are in a marathon” were the words echoed by Guyana’s Minister of Natural Resources, Raphael Trotman, at the opening of ExxonMobil’s Centre for Local Business Development on Thursday. The US supermajor’s Country...

ExxonMobil opens ‘100% Guyanese outfitted’ business development centre

US supermajor ExxonMobil officially declared open its Centre for Local Business Development in Georgetown, Guyana, on Thursday. This new facility will assist small and medium-sized Guyanese businesses with building their capacity and improving their competitiveness in the oil and...

TechnipFMC says it has aggressive local content policy, “big plans for Guyana”

TechnipFMC, a leading provider of oil and gas projects, technologies, systems and services, says it has an aggressive local content policy and “big plans for Guyana” as it moves forward with development work offshore the South American country. The...

Premier makes significant oil discovery offshore Mexico

Premier Oil, together with its joint venture partners Talos Energy (Operator) and Sierra Oil & Gas, announced Wednesday that the Zama-1 exploration well in Block 7, offshore Mexico, has made a world class oil discovery. The Zama-1 well is...

Smart investment of oil revenues could create significant jobs – US Deputy of Mission

Significant jobs and prosperity await Guyana, but only if revenues from oil production, set to begin in 2020, is invested wisely. Deputy Chief of Mission of the US Embassy in Guyana, Terry Steers-Gonzalez, says the time for policy makers...

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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...