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TMC to equip newbuild FPSO

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International compressor supplier TMC Compressors (TMC) has won a contract from Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS) to supply the marine compressed air system to a newbuild FPSO the yard is currently constructing for SBM Offshore. SBM Offshore is the...
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CGX ‘indigenous’ position helped it secure extension on petroleum license in Guyana

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Guyana views CGX Energy - the first company to embark on large-scale oil exploration off the country's coast – as an indigenous company and this has played a role in the granting of an extension on its Petroleum Exploration...
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Guyana delegation jets off to India to clinch ‘oil-sale’ deal

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Guyana’s Cabinet Counsel of Ministers on Tuesday granted approval for a high-level delegation to travel to India. The Asian economic giant has signaled an interest in purchasing crude from the South American country, in addition to pursuing collaborations in the areas...
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Shell is closing in on Exxon’s crown

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(Bloomberg) Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not. Royal Dutch Shell...
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More contracts to be released; no objection made by oil companies – Trotman

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The Government of Guyana has taken a decision to publicly release all of the contracts and agreements - such as the recently released Petroleum Sharing Agreement with ExxonMobil - for all of the oil companies operating in the South...
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Natural Resources Fund Bill for Guyana Parliament by March

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Guyana’s Ministry of Natural Resources has set for itself a rigorous agenda for 2018, ahead of first oil in 2020, and according to subject Minister Raphael Trotman, this includes the tabling of a suite of legislation for enactment, including...
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410 jobs impacted as Caribbean Nitrogen shuts down

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(Trinidad Express) More workers are expected to go on the breadline with the announcement on Wednesday by Caribbean Nitrogen Company that it has been forced to immediately shut down its ammonia plant on the Point Lisas Industrial Estate. The...
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Guyana Shorebase to hire hundreds more ahead of first oil

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As discussions continue in the public domain over the availability of jobs, the protection of local content and opportunities to be made available in Guyana’s embryonic oil and gas sector, one of ExxonMobil’s contractors is gearing up to commence...
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Total clinches GOM deal, acquires Samson Offshore Anchor, LLC

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French oil giant Total, which is said to be eyeing Guyana’s offshore Orinduik Block, has reached a deal to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the...
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Big global oil projects are starting to get off the ground

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(Bloomberg) The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures delayed since the...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...

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