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CLBD builds stronger supplier base with oil and gas, business training for over 10,000 Guyanese

The Centre for Local Business Development (CLBD) has trained more than 10,000 Guyanese over the past five years as part of efforts to strengthen the country’s supplier base and improve competitiveness in the oil and gas sector. The Centre told...

Trinidad cuts royalty to 8% to unlock marginal marine gas fields

Trinidad and Tobago has introduced new fiscal measures to support the development of marginal marine gas fields, as the country moves to unlock stranded resources and strengthen long-term gas supply. Energy and Energy Industries Minister Dr. Roodal Moonilal outlined the...

Cheaper cooking gas from proposed Wales project could lift hotel margins

Cooking gas from Guyana’s proposed gas bottling plant at Wales, West Bank Demerara, could help lower operating costs for major hotels and restaurants. The Guyana government is currently working on procuring a developer for the facility. The potential benefit would...

A look at tier 1 contractors supporting Guyana’s offshore oil operations

Guyana’s offshore oil industry has rapidly evolved into one of the world’s most significant deepwater developments, with production from the ExxonMobil-operated Stabroek Block averaging 903,000 barrels per day (b/d) in April. While ExxonMobil and its co-venturers Hess and CNOOC invest...

Suriname president urges youth to pursue skills for opportunities in emerging oil and gas sector

PARAMARIBO, SURINAME – Suriname's President Jennifer Geerlings-Simons has urged young people who have left school to return to education and prepare for opportunities expected to emerge from the country’s oil and gas industry. Speaking during a local content session at...

S&P expects US$17B in capital investments offshore Suriname in next five years, mostly for Block 58

PARAMARIBO, SURINAME – S&P Global Energy expects more than US$17 billion to be invested in Suriname's offshore oil developments over the next five years, with the majority of that capital directed toward projects in Block 58, where the country's...

Suriname, Staatsolie and TotalEnergies in four-year pact to prepare workforce for offshore oil industry

PARAMARIBO, SURINAME – Suriname’s workforce is poised to be better prepared for the emerging offshore oil and gas industry in the coming years. The Surinamese government, Staatsolie, and TotalEnergies took the first step toward this goal on Wednesday. The...

Surinamese firms should seek strategic partnerships early to build offshore capacity – SBM Offshore Guyana head

PARAMARIBO, SURINAME – Surinamese businesses seeking to participate in the country's growing offshore oil and gas sector can accelerate their development through strategic partnerships with experienced international companies that support knowledge transfer, capacity building, and preparation for industry demands....

Halliburton Guyana seeks industrial support for onshore and offshore operations

Halliburton Guyana is seeking industrial support services for its onshore and offshore operations, opening an expression of interest for companies capable of providing welding, fabrication and related maintenance work in support of its energy services business. In a notice published...

SBM Offshore says GranMorgu FPSO will be its largest unit to date

PARAMARIBO, SURINAME – SBM Offshore says the GranMorgu floating production, storage and offloading (FPSO) unit will be the largest FPSO it has delivered to date, as construction advances in China for Suriname’s first offshore oil development. Pierre Gaté, Country Entry...

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Letter to the Editor: Higher production does not automatically erase the cost bank

Dear Editor, Recent commentary has suggested that because Guyana is producing more oil and earning significant revenues, the outstanding costs...