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MODEC in search of FPSO mooring hook-up services for ExxonMobil’s Uaru project

MODEC Guyana Inc. (MOG) has issued a Request for Information (RFI) for Floating, Production, Storage and Offloading vessel (FPSO) mooring hook-up services for the Uaru Project.  The project involves the Errea Wittu FPSO, which will be situated 190 kilometers from...

Sonardyne joins next phase of ocean bottom node development in Brazil

Sonardyne, an independent global provider of underwater acoustic, inertial, optical and sonar technology will participate in the next phase of the On Demand Ocean Bottom Node (OD OBN) development in Brazil. This project, initiated in 2018, is a collaboration...

Appraisal kicks off at one of Exxon’s biggest Stabroek Block finds: Lau-Lau 

ExxonMobil has begun appraising the Lau-Lau find, according to a recent notice published by Guyana’s Maritime Administration Department (MARAD)  Activities are being undertaken by the MODU Sam Croft rig and are expected to end around July 30.  MARAD said the Lau-Lau-2...

FPSO Maria Quitéria heads to Brazil for Petrobras’ Jubarte field

The floating production storage and offloading (FPSO) unit Maria Quitéria, built by Malaysian supplier Yinson, has departed China and is en route to Brazil. It will be deployed at Petrobras’ Jubarte field in the Campos Basin. The FPSO Maria Quitéria...

Guyana to inject US$66M into state power company to offset fuel price increases

In response to rising global fuel prices, the Guyana government will soon present a supplementary budget of US$66 million to the National Assembly to enable the state-owned Guyana Power and Light to subsidize electricity costs for domestic consumers. Vice President...

Suriname businesses urged to adopt international standards ahead of oil boom

Suraya Jiawan-Nanan, Chief Executive Officer (CEO) of Haukes Construction Company in Suriname, is urging local businesses to elevate their standards to meet international requirements as the country prepares for a surge in its oil industry.  Jiawan-Nanan, at the recent Suriname...

Guyana’s oil boom creates new opportunities for culinary professionals

Traditionally dominated by engineers and technical specialists, the oil and gas sector is now tapping into the talents of culinary professionals trained at the Carnegie School of Home Economics.  Since Guyana's first oil discovery in 2015, the industry's growth has...

Eni sells 10% stake in Saipem for €393 Million

Italian oil and gas company Eni has divested a 10% stake in oilfield services provider Saipem for €393 million (US$422.48 million). The sale was conducted via an accelerated bookbuilding process on June 11, 2024, with the transaction set to...

Women in Energy Guyana to champion inclusion at landmark forum this Saturday

Women in Energy Guyana is set to host the groundbreaking "Championing Women in the Energy Sector: Creating Pathways Guyana FORUM" this Saturday, June 15, 2024, from 9:00 am to 2:00 pm at the Arthur Chung Conference Centre in Georgetown....

Amid oil bonanza, Guyana makes ‘great improvements’ to strengthen anti-money laundering effort – AG

With Guyana being among the fastest growing global economies, backed by its oil and gas sector, the nation has made “great improvements” in combatting money laundering, terrorism financing, and proliferation financing.  This is according to the Attorney General and Minister...

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Guyana “may have” already surpassed first billion barrels of oil produced – Routledge

Guyana may have already produced more than one billion barrels of oil since offshore production began in December 2019,...