Showing results for:

All eyes on Suriname as success offshore Guyana raises prospects for the basin

A fifth oil discovery announced last week by ExxonMobil off the Guyana coast has further increased expectations that similar play could be expected in neighbouring Suriname as Tullow Oil farms into the Araku prospect on Block 54. Already, a 3D...

Natural gas fuels manufacturing booms, creates jobs and increases GDP

The natural gas industry is a major contributor to the GDP of many countries. It is by nature large-scale, employing thousands, generating millions of dollars in associated revenues and tax income, as natural gas has to be extracted from...

Ground Structures building state-of-the-art facility with lab for offshore investigations

Ground Structures Engineering Consultants (GSEC), a Guyanese firm specializing in geotechnical engineering and environmental services, will soon open the doors to its new state-of-the-art 10,000 sq. building housing offices and a soils and material laboratory. GSEC is in a partnership...

Keppel delivers 5th FPSO for MODEC; to be deployed offshore Brazil

Keppel Offshore & Marine's wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore)...

Newly trained Guyanese urge countrymen to acquire skills in oil & gas

Fourteen Guyanese departed the South American country for neighboring Trinidad and Tobago in August for what has been a life-changing experience developing skills and expertise for work in the oil and gas industry. Hands-on exposure to the marine work environment...

Guyana’s push to ease power generation deficiency with natural gas production gains momentum

Guyana’s push for the production of Liquefied Natural Gas and its use to alleviate a decades-old power generation deficiency in the South American country is gaining momentum. The first in a series of continued discussions on commercial and power generation...

16 more Guyanese undergo training for offshore jobs

Sixteen more Guyanese are undergoing training for job opportunities offshore, this time as part of the Edison Chouest supply vessel fleet. Manpower provider, El Dorado Offshore in collaboration with Ramps Logistics of Trinidad & Tobago, has been playing an integral...

More Guyanese companies competing for contracts in oil & gas

Interest among Guyanese companies looking to benefit from opportunities in the oil and gas industry has grown immensely in the two years since ExxonMobil announced its world-class Liza discovery offshore the South American country. ExxonMobil’s Senior Director, Public and Government...

UK North Sea set for surge in oil and gas start-ups

(Bloomberg) The UK North Sea is on track for the biggest year of oil and gas field start-ups in a decade, continuing the ageing province’s surprising resilience to the crude-market slump. Fourteen projects with combined peak production of 230,000 barrels of oil equivalent a day will...

Statoil, YPF to explore shale oil, gas in Argentina

(Reuters) - Norway's Statoil has signed a deal with Argentina's leading energy company YPF to jointly explore for onshore shale oil and gas resources in the Vaca Muerta formation, the company said on Friday. Statoil and YPF will each hold...

Latest News

GranMorgu session in Rotterdam draws diaspora interest as Suriname eyes Singapore-level development

ROTTERDAM, NETHERLANDS – Suriname is aiming to use its offshore oil resources to drive national development to levels comparable...