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Class action lawsuit filed against TechnipFMC

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(GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE:FTI) and certain of its officers.   The class action, filed in United States District Court, Southern District of...
Opinions

Urgency required to meet demand for local content in Guyana

OilNOW -
The recent discovery of oil offshore Guyana has created significant excitement for the future of the country and its developing industry. Naturally, the Buzz Phrase being kicked around in every conversation is Local Content.  With Local Content legislation being...
News

Guyana will be expected to publicly disclose contracts under EITI requirements

OilNOW -
As Guyana seems well on its way to becoming the 53rd country in the world to attain Extractive Industry Transparency Initiative (EITI) candidacy, a leading adviser supporting this process says implementing countries are now required to do much more in...

Companies

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Anadarko Petroleum Corporation An American petroleum and natural gas, exploration and production company formed in 1959 as a subsidiary of Pan Handle Eastern Corporation Pipeline Company, after the discovery of large amounts of natural gas in the Anadarko basin in...
News

Stena aiming to build local capacity, “promote from within” – Regional Manager

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Guyanese working on the Stena Carron Drillship offshore the South American country can expect to move up into higher-level positions as they acquire more skills, in keeping with the UK-based company’s policy of ‘promote from within’. This is according to...
News

Excitement high as 2nd batch of Guyanese workers head out to Stena Drillship

OilNOW -
Excitement was high on Saturday at the head office of El Dorado Offshore (EDO) in Georgetown, as another batch of Guyanese workers prepared for the 120-mile journey offshore to the Stena Carron Drillship. Stena has selected 12 Guyanese nationals through...
News

TechnipFMC says it has aggressive local content policy, “big plans for Guyana”

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TechnipFMC, a leading provider of oil and gas projects, technologies, systems and services, says it has an aggressive local content policy and “big plans for Guyana” as it moves forward with development work offshore the South American country. The...
News

Smart investment of oil revenues could create significant jobs – US Deputy of Mission

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Significant jobs and prosperity await Guyana, but only if revenues from oil production, set to begin in 2020, is invested wisely. Deputy Chief of Mission of the US Embassy in Guyana, Terry Steers-Gonzalez, says the time for policy makers...
News

Canadian O&G trade mission due in Guyana September

OilNOW -
The Newfoundland and Labrador Oil & Gas Industries Association (NOIA), in partnership with the Atlantic Canada Opportunities Agency (ACOA) and the Department of Tourism, Culture, Industry and Innovation (TCII) are planning a trade mission to Guyana during the week of...
News

“We have advisors…we may not be running around listing them” – Trotman

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Jones Day, an international law firm based in the United States, and a Norwegian law Firm, are among the team of experts hired by the Guyana government to advise on oil and gas. This is according to Guyana’s Minister...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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