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New national control centre being constructed to support Guyana’s gas project 

OilNOW -
The Office of the Prime Minister in Guyana is seeking to have a national control centre constructed to facilitate the country's energy infrastructure overhaul, including support for the Gas-to-energy project. It has issued a public Request for Proposals (RFP)...
Business Wire

Cleveland-Cliffs and the United Steelworkers Reach Tentative Labor Agreement for Northshore Mining Operations

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has reached a tentative agreement with the United Steelworkers (USW) on a new 3-year labor agreement. The new contract will cover approximately 430 USW-represented workers at Cliffs’ Northshore Mine in...
News

Guyana’s green lungs to breathe easy despite Exxon’s offshore emissions

Kemol King -
In a recent Environmental Impact Assessment (EIA) for ExxonMobil's sixth Stabroek Block development, known as Whiptail, a comprehensive breakdown of the greenhouse gas (GHG) emissions expected from its operations was provided. The findings suggest that, even at peak emissions,...
News

ExxonMobil Guyana seeks suppliers for offshore personnel travel vessel services

OilNOW -
ExxonMobil Guyana has announced plans to establish an agreement for personnel travel vessel services. In a recent public Request for Information (RFI), the company has invited qualified firms to step forward and potentially secure this vital role in their...
News

Surge in drilling activities expected to revitalise Nigeria’s oil and gas sector until 2030

OilNOW -
Westwood anticipates a substantial surge in drilling activities within Nigeria's oil and gas sector between 2023 and 2030, with a forecast of an average of 140 development wells to be drilled each year during this period. This significant uptick...
News

Namibia, Guyana holds equal amount of offshore oil reserves

OilNOW -
Guyana and Namibia's oil reserves are estimated to be identical at 11 billion barrels, according to recent data released by the state-owned National Petroleum Corporation of Namibia (NAMCOR).  From NAMCOR’s data, the bulk of Namibia’s resources are from TotalEnergies' Venus-1X...
News

Local trainee technicians shine in SBM Offshore’s advanced petroleum operations program

OilNOW -
In a significant milestone for the local workforce, twenty-four talented Guyanese have successfully completed the first phase of SBM Offshore Guyana's Trainee Technician Programme in Advanced Skills Training in Petroleum Operations.  The participants are now one step closer to obtaining...
News

Guyanese contractors needed to help expand country’s largest shorebase operation

OilNOW -
Guyana Shorebase Inc. (GYSBI) is set to expand its capacity with the construction of a new operations center at its Houston/McDoom location along the East Bank Corridor. To bring this vision to life, the company is actively searching for...
News

Gas-to-Energy pipeline can now be licensed with passage of petroleum law  

OilNOW -
A final investment decision (FID) for Guyana’s Gas-to-Energy (GtE) project is imminent with the recent passage of its Petroleum Activities Bill 2023, said ExxonMobil’s Guyana President, Alistair Routledge.  He told Energy Intelligence in London recently “...while we have not formally...
News

S&P sees Guyana holding strong in oil and gas sector despite revised PSA

OilNOW -
Oil and gas investments in Guyana remain attractive even with the fiscal terms in its new model Production Sharing Agreement (PSA) which are more favourable to the country. This is according to an August 10 report by S&P Global...
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MODEC spent US$3.4 million with Guyanese suppliers in 2024

Japanese company MODEC reported in a press statement today that it spent US$3.4 million procuring goods and services from...

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