Staatsolie, Suriname's state oil company, announced on December 15, that it has signed three production sharing contracts (PSC) for the offshore deepwater blocks 63, 64, and 65. The blocks were part of the Demerara bid round held from November...

RelyOn Nutec, a Denmark-based provider of rescue and safety training services, is set to open its inaugural facility in Guyana, targeting the first quarter of 2024. This development comes as part of a joint venture with Atlantic Marine, a...

By Cristina Caus - OilNOW Bonded by a resemblant fate, Suriname and Guyana are more than just neighbors divided by the Courantyne/Corentyne River. Once one territory, they lived a similar experience while separated and colonized by the British and Dutch...

ExxonMobil remains focused on developing the vast hydrocarbon resources offshore Guyana in keeping with the government's objective of moving these projects forward in a timely manner. The U.S. multinational says it is not playing a role in providing financial...

Guyana’s President, Dr. Irfaan Ali, recently disclosed his interest in bringing closer to these shores some 2000 jobs the ExxonMobil-led consortium in the Stabroek Block contracts overseas. The Head of State believes giving these jobs to locals could lead...

While Venezuela’s President, Nicholas Maduro, has revealed his “evil intentions” for Essequibo which accounts for two-thirds of Guyana’s landmass, it will not stop the nation’s flourishing oil developments. Guyana’s Vice President, Dr. Bharrat Jagdeo delivered this emphatic assurance while...

The Georgetown Chamber of Commerce and Industry (GCCI), the oldest private sector representative organisation in Guyana, will be the lead body responsible for the country’s participation at the Offshore Technology Conference (OTC) set to take place at the NRG...

BrasFELS Shipyard, a member of the Seatrium Group, announced the acquisition of a substantial contract from Offshore Frontier Solutions Pte. Ltd, a subsidiary of the MODEC Group. The contract involves the fabrication of critical sections of the topside modules...

Eco (Atlantic) Oil & Gas Ltd. showcased significant advancements in its exploration endeavors, according to the company’s interim results update, with Chief Executive Officer (CEO) Gil Holzman expressing optimism about the firm's recent developments. Holzman emphasized the company's strong financial...

Italy's leading engineering, drilling, and construction services provider, Saipem, has clinched two substantial offshore contracts valued at approximately US$1.9 billion. The agreements involve collaborations with ExxonMobil's subsidiary, ExxonMobil Guyana Limited, and Equinor, the Norwegian state-owned energy giant, spanning operations...