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Great opportunity for local content when new offshore blocks are awarded – business group

The Guyana Manufacturing and Services Association (GMSA) is optimistic about the government’s recent announcement of a bid round for 14 blocks offshore Guyana. GMSA is the main advocacy body for local manufacturers and companies of related services and operates as a...

SBM Offshore continues Guyana student outreach with Industrial Training Centre visit

SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...

Trinidad’s National Gas Company to take up shares in all Atlantic LNG trains

Atlantic LNG shareholders – Shell, bp and the National Gas Company of Trinidad and Tobago – recently reached an agreement to restructure the company, a move that was welcomed by the T&T Energy Chamber. This comes as the global LNG market...

GTE will unlock Guyana’s new energy mix, says Ali as contract awarded for onshore plants

Guyana's President, Dr. Mohamed Irfaan Ali, said that the Gas-to-Energy (GTE) project will unlock the country's new energy mix, as he presided over a major contract signing in the development. The signing is for the award of a contract to...

Guyana seeking US$1.9 billion in work commitments for first offshore bid round

Guyana is targeting US$1.9 billion in commitments for its first offshore competitive licensing round, with safeguards to ensure contractors work swiftly and diligently. The bid round for offshore blocks opened on Monday, December 12, 2022 and included deepwater blocks (D1-D3) between...

Guyana to pursue US EXIM loan to finance Gas-to-Energy project

Vice President Dr. Bharrat Jagdeo has said the government will pursue loan finance from the United States Export Import Bank (US EXIM) to complement planned spending on the Gas-to-Energy project. The government expects profits from the NGL plant to offset...

The People’s Perspective: Opinions on Guyana’s landmark Gas-to-Energy project

Seen as potentially transformative, the Gas-to-Energy project is progressing with hopes of cheaper and more reliable power for Guyanese. For many, this opens a world of opportunities as the country has one of the highest costs of electricity in the Caribbean and...

All agreements, policies for Gas-to-Energy project will be provided to Parliament, says Bharrat

Guyana's Natural Resources Minister, Vickram Bharrat has assured that the National Assembly will be furnished with all agreements signed for the US$2.2 billion Gas-to-Energy (GTE) project. Mr. Bharrat provided this assurance as part of a written response to a question...

SBM Offshore engaging students on its operations, career opportunities

SBM Offshore met with fourth and fifth form students at the Corentyne Comprehensive High School in Berbice last Friday to apprise them of the company’s role in Guyana’s oil sector, and the careers available in the industry. This is the...

iNet unveils new satellite to boost connectivity offshore Guyana

iNet Communications has unveiled a new satellite targeting improved connectivity for offshore operations spanning Guyana and the wider Caribbean Region. Chief Executive Officer (CEO), George Melville shared with OilNOW recently that iNet partnered with Eutelsat S.A. – a French satellite...

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Oil hits US$110 as Trump’s ominous deadline to Iran nears

Global oil prices moved higher this week as tensions between the United States and Iran intensified ahead of a...