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Study shows Suriname businesses must boost capacity to benefit from offshore oil industry

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As the search for oil continues offshore Suriname, the Dutch-speaking South American country is looking to put systems in place for what the country hopes is an imminent discovery. State oil company Staatsolie recently commissioned an Industrial Baseline Study (IBS)...
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ExxonMobil sees agro support as key to helping small businesses grow

OilNOW -
Dozens of Guyanese agro-processors once again had an opportunity to showcase and market their products at the second UncappeD Marketplace event held on Saturday, July 28 at the National Track and Field Centre, Leonora, West Coast Demerara. More than 50...
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Guyanese firm developing O&G app for ExxonMobil business centre

OilNOW -
ExxonMobil Guyana’s Center for Local Business Development (CLBD) is in the process of developing an online application to provide an ease of access for Guyanese businesses operating in the Oil and Gas (O&G) sector. This was revealed by CLBD Project...
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Liza Phase 1 development progressing rapidly – ExxonMobil

OilNOW -
The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said on Tuesday. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production...
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US$14M spent on services from 227 local suppliers for Q1 2018 in Guyana

OilNOW -
The Guyana government on Tuesday published a list of companies and individuals who are supplying goods and services in support of ExxonMobil operations in the South American country. The list of 227 local suppliers which ExxonMobil and its contractors have...
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Guyana trumpets O&G preparedness as ExxonMobil local content support gains steam

OilNOW -
ExxonMobil Guyana's Centre for Local Business Development (CLBD) on Wednesday marked its one year milestone with a well-attended reception at its South Road, Georgetown headquarters. The country's Minister of Business, Dominic Gaskin and ExxonMobil Guyana Country Manager, Rod Henson were...
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Deodat Indar reelected to 2nd term as GCCI president; promises renewed push for Guyanese businesses in O&G

OilNOW -
Deodat Indar was on Thursday reelected to serve a second term as President of the Georgetown Chamber of Commerce and Industry (GCCI). The business group held its 128th Annual General Meeting at the Roraima Duke Lodge in Guyana’s capital Georgetown on...
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Guyanese businessman unveils plan for mega O&G shore-base

OilNOW -
Source One Oil & Gas Marine Supplies - a subsidiary of heavy duty machinery company Japarts - has launched an ambitious plan to construct a full service and logistics shore-base facility for oil and gas drilling and exploration activities...
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Guyana gov’t commends ExxonMobil on commitment to local content

OilNOW -
Guyana’s Ministry of Natural Resources on Friday commended ExxonMobil affliate Esso Exploration and Production Guyana Limited (EEPGL) and its partners HESS and CNOOC Nexen for their commitment to implementing the local content obligations embedded in its Petroleum Agreement with...
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Private sector officials say making local content too prescriptive can hurt industry

OilNOW -
As discussions continue on the nature and type of local content mechanism Guyana should adopt in order to ensure businesses in the South American country benefit from oil and gas opportunities, some private sector officials are signaling that stringent...
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Afreximbank and Suriname to launch US$5B local content facility

PARAMARIBO, Suriname — African Export-Import Bank (Afreximbank) will partner with the Government of Suriname to establish a US$5 billion...

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