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SBM Offshore is first major Exxon contractor to receive approval for local content master plan

SBM Offshore is the first prime contractor of ExxonMobil Guyana to receive its Letter of Approval for its Local Content Master Plan, 2022. Halliburton was the second company to receive this letter followed by CGX Energy Inc. The Ministry of...

Guyana will need robust commercial framework to maximise gas export benefits – Norway firm

With Guyana’s current estimated recoverable gas totalling over 17 trillion standard cubic feet, the government has already commenced efforts to determine the best use for these resources. The government reminded, in its 2022 mid-year report, that under the Yellowtail...

JOB FAIR! VEHSI recruiting Region Three residents for shore base project

Vreed-en-Hoop Shore Base Incorporated (VEHSI) is looking to provide employment to residents of Region Three, where the company is developing a shore base facility.  On Saturday, September 10, VEHSI is hosting a job fair to assess the hiring pool...

Nigerian energy conglomerate eyes onshore oil exploration in Guyana

Aiteo Group – one of Nigeria’s latest energy conglomerates has signaled its interest in Guyana’s booming oil and gas sector, particularly in onshore exploration and development. Its Chief Executive Officer (CEO) and Founder, Benedict Peters led a delegation of investors...

Shell, Malaysia NOC undertake renewable-powered Rosmari-Marjoram gas project

Shell said Monday that its subsidiary, Sarawak Shell Berhad (SSB), made an investment decision to develop the Rosmari-Marjoram gas project. As operator for the project, Shell’s 80% stake is joined with a 20% stake held by PETRONAS Carigali Sdn Bhd, the...

Over 500 courses on offer at Guyana’s first oil & gas training institute

Guyana's landmark Local Content Policy became law last December and almost nine months down the line, its impact is being felt throughout the country's booming oil and gas sector. 3T EnerMech's massive OPITO Training Centre of Excellence at Lusignan, East...

Staatsolie set to spend US$1.5B through 2027 with major focus on offshore development

From 2022 through 2027, Suriname’s state oil company, Staatsolie, plans to expend an estimated US$1.5 billion as part of its Investment Program, the bulk of which will be for participation in offshore development. In its updated Strategic Roadmap, Staatsolie noted too that the...

First-ever sustainability guide for greener offshore operations launched by American Bureau of Shipping

The American Bureau of Shipping (ABS) has introduced new detailed requirements for greener offshore operations in its first sustainability guide targeting the global offshore industry. ABS said the guide, developed by working with major offshore industry clients – like ExxonMobil,...

Guyana seeking advisory services for transformational Gas-to-Energy project

With Guyana’s massive Gas-to-Energy project on track for its 2024 start-up, the government through a request for proposals (RFP) is seeking consultants to provide legal and commercial advisory services along with negotiation support. The RFP published by the Ministry of...

Barbados to open auction for 22 offshore blocks in November

Barbados is looking to test its exclusive economic zone for petroleum deposits, as it will open a licensing round for 22 offshore blocks later this year. The notice from the Ministry of Energy and Business said interested oil and gas...

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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...