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Italian oil contractor Saipem opens office in Guyana

OilNOW -
On Tuesday, June 4, 2019, Italian oil and gas industry contractor Saipem celebrated the establishment of its first country office in Guyana. The office, located in Georgetown, will serve as the headquarters for their local operations. While the company has...
News

More Guyanese being trained and employed in O&G industry

OilNOW -
With the impending Oil and Gas industry in Guyana, a matter of great concern has been local content, and how Guyanese can benefit from the industry--not just the resource but employment and getting them ready for the employment opportunities...
News

GYSBI, TOTALTEC ramp up manpower recruitment drive ahead of Liza Destiny arrival

OilNOW -
The Guyana Shore Base Inc. (GYSBI) and TOTALTEC Oilfield Services will be collaborating to recruit and train over 120 Guyanese in basic safety and oilfield operations to enable them to successfully join and participate in the South American country’s...
News

Staatsolie, TT oil company enter production sharing contract for Nickerie block

OilNOW -
Staatsolie Maatschappij Suriname N.V. and Trinidad and Tobago’s Decker Petroleum Marketing Co. LTD, have signed a production sharing contract for the Nickerie block. Decker will explore the Nickerie block for oil and gas. The duration of the contract, signed on...
News

Canje explorers not contacted in ‘oil blocks probe’; says all laws were followed in application for acreage

OilNOW -
As more stakeholders continue to speak out regarding an apparent investigation being conducted by an anti-corruption agency in Guyana over the award of oil blocks in the lead up to the 2015 national elections, two partners in the Canje...
News

Former Guyana President says no illegality surrounds award of oil blocks; calls probe ‘political ploy’

OilNOW -
Guyana’s former President, Donald Ramotar, who held direct responsibility for petroleum at the time offshore oil blocks, which are currently the subject of an anti-corruption probe, were awarded, is calling the investigation a political ploy designed to distract from...
News

Brazil’s subsalt frontier sets output records in April

OilNOW -
(S&P Global Platts) Brazilian state-led oil and natural gas producer Petrobras set fresh daily and monthly records for output from ultra-deepwater fields in the country's offshore subsalt frontier in April and May, capping a 10-year run since first oil...
News

Fugro acquires vessel for hydrographic surveys in Guyana

OilNOW -
Dutch engineering firm Fugro, which has partnered with Guyanese firm Ground Structures Engineering Consultants Inc., has purchased a new vessel which they will use to conduct hydrographic surveys along Guyana’s coast. Marine Operations Manager for Fugro Guyana, Doug Chapman, gave...
News

Chamber frustrated with continued absence of functional local content framework in Guyana

OilNOW -
Business representatives who recently returned to Guyana after a successful foray at the Offshore Technology conference in Houston, Texas, are expressing frustration and deep concern with the absence of a functional local content policy framework, as the country moves...
Opinions

Guyana’s energy policy and the role of the state

Bobby Gossai, Jr. -
Guyana is in the midst of an energy revolution. The economic landscape, developments in technology, evolving business models and consumer behaviour are changing at an unprecedented rate, creating more opportunities than ever for the local industries. The national grid...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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