The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of...

Encompassing two offshore gas compression complexes in Qatar, Italian oilfield services company Saipem said on Wednesday it has been awarded the largest single offshore contract by total value in its history. The agreement was made with Qatargas for the North...

“It’s probably the best package we have ever seen in Trinidad.” Those were the comments from the Chief Executive Officer (CEO) and President of Trinidad’s Touchstone Exploration, Paul Baay as he signalled the company’s interest in grabbing up at least...

Equinor said first oil was produced at the Peregrino Phase 2 project on October 10 at 20:00 local time, using the Peregrino C platform. The project consists of the new platform with drilling facilities and living quarters tied into the...

Malaysia's Petronas has signed a Production Sharing Contract (PSC) with TotalEnergies, Petronas Carigali, and Shell for Block 2K, an ultra-deepwater block off the coast of Sabah, Malaysia. Petronas said that Block SB 2K, with a depth of up to 3,000...

SBM Offshore is forging ahead with its internship program, offering students the opportunity to harness their potential and be integrated into Guyana’s oil and gas sector. Applications opened on October 1, the company said in a public notice. The internship programme...

Brazil’s offshore fleet of floating oil platforms has grown by two as Japanese contractor MODEC announced that the ‘Almirante Barroso MV32’ has arrived on Brazilian shores while the Anita Garibaldi is en route. The first vessel arrived on October 5...

Guyana’s largest oil and gas port facility, Guyana Shore Base Inc. (GYSBI) has secured a US$10 million bridge loan from NCB Merchant Bank out of Trinidad and Tobago. With the bridge loan in hand, GYSBI now has the greenlight to...

For Guyana to make the best of its oil riches, it will need to strengthen its technical capacity to govern the industry as quickly as possible. To this end, Chief Executive Officer (CEO) of the International Association of Oil and...

The incredible growth of Guyana’s oil and gas sector has piqued the interest of investors across the world, looking to get in on the action. The latest is Brazil, with a major delegation scouting opportunities of its English-speaking neighbour...