State electricity company, Guyana Power and Light (GPL) has entered into a two-year contract with Urbacon Concessions Investments, W.L.L (UCI), as announced on April 13, 2024. The agreement involves the chartering of a power ship that boasts a considerable...

Dutch manufacturer Strohm has secured its third and largest ever contract for pipe supply, to be provided for ExxonMobil's 250,000 barrels per day Whiptail development project offshore Guyana.  Strohm will supply its TCP (thermoplastic composite pipe) “Jumper on Demand” for...

LONDON--(BUSINESS WIRE)--Hunting PLC (LSE:HTG), the global engineering group, issues the following Trading Update for Q1 2024, ahead of its Annual General Meeting that will take place today at 10:30a.m. BST in London. Highlights Positive start to the year, with EBITDA of...

Guyana President Dr. Mohamed Irfaan Ali believes that 45 days after receipt of a correct invoice is too long a wait period for oil companies to pay their contractors. The President discussed the matter at the Local Content Summit...

The Local Content Summit kicks off today with Guyana President, Dr. Irfaan Ali set to deliver the feature address at the event.  With a thematic focus on "Creating Value, Driving Economic Expansion," the Summit is designed to delve into critical...

Oilfield services and technology giant SLB has secured three contracts from Petrobras, Brazil's state-run oil company, to provide completion hardware and services for up to 35 subsea wells in the development of the Buzios Wave II offshore oil field. The...

Guyana’s annual oil exports are expected to triple in value from US$11 billion in 2023 to US$33 billion by 2030, according to a recent report from S&P Global Commodity Insights.  "In real terms, the value of Guyana's oil production is...

ExxonMobil’s cost estimate for the Whiptail development, recently approved by the Guyana government, has been slashed by approximately US$200 million. The project is targeting production of 850 million barrels of oil at 250,000 barrels per day (b/d). At the stage...

Subsea7 announced the award of a sizable contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico. The deal is valued in the range US$50-150 million. The project involves the subsea tie...

The forthcoming Local Content Summit, slated for April 16, 2024, at the Pegasus Suites and Corporate Centre, is gearing up to be a watershed event in the discourse advancing Guyanese participation in the oil and gas sector. Under the...