Guyana grabbed a massive win for local content with the Prosperity vessel. According to SBM Offshore, it is the first Guyana floating, production, storage, and offloading (FPSO) vessel to incorporate Guyanese fabricated steel. And that stellar feat was made possible by...

Front end engineering and design (FEED) work has commenced on the Whiptail development project, ExxonMobil Guyana Project Manager, Anthony Jackson said Thursday. The company had faced criticism several years ago when it was announced that a FEED contract was issued...

Corentyne Block majority stakeholder, Frontera Energy, said the total cost of the Wei-1 well (including 2022 pre-drill costs and costs related to drilling delays) are forecast to be approximately US$160-$170 million. Frontera anticipates it will spend approximately US$120-$140 million on...

Guyana’s Finance Ministry announced Thursday that the Parliament has approved the GY$781.9 billion (US$3.75 billion) national budget for 2023. The approval follows two weeks of debates and hearings on various aspects of the budget. Minister of Finance, Dr. Ashni Singh...

ExxonMobil Guyana is looking for firms to provide a Screening Level Assessment of current and future landfill opportunities for its industrial waste. The study, it said, is intended to further develop the company’s long-term waste management strategy. “Note that “industrial” refers...

Guyana plans to hire a consultant this year to set the stage for the establishment of the government’s own petroleum data repository. “We will have to determine first of all what data we need to store, the size of the...

Singapore, February 1, 2023: First Lady of Guyana, Arya Ali, says the name of the Prosperity floating production, storage and offloading (FPSO) vessel represents what is in store for the people of the new oil producing South American country....

The naming ceremony for Guyana’s third floating, floating, production, storage and offloading (FPSO) vessel – the Prosperity – is set for Wednesday Feb. 1 at the Keppel Shipyard in Singapore. First Lady of Guyana, Arya Ali, attended a reception hosted...

Rystad Energy’s projections place the global energy market for suppliers in a seven-year feast, following a seven-year famine that ended in 2021. The analyst said last year was a turning point with the post-pandemic recovery and record high gas prices...

Ravindra Chuniram and Joshua Ramotar were two of the first Guyanese hired by Qualco Guyana to work at its Supply, East Bank Demerara training base as Roustabouts – an entry-level, broad-based skill-level oil and gas position. Both men are now...