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Offshore sanctioning nearing peak – Rystad Energy

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The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The independent energy research and consultancy firm headquartered in Norway with offices across the globe forecasts that the service...
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Bourbon Offshore opens office in Guyana; aims to ‘maximize local content’

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Marine Services provider; Bourbon Offshore, has opened an office in Guyana - South America’s newest oil and gas frontier. The French-based company, with operations in more than 40 countries around the world, provides marine and logistics as well as...
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OTC 2019: GTT pursuing opportunities in offshore communications

OilNOW -
Guyanese telecommunications company GTT, one of the more than 20 firms from South America’s newest oil and gas hotspot participating at the Offshore Technology Conference (OTC 2019), says it is actively pursuing opportunities in offshore communications. Eshwar Thakurdin, Director, Business...
News

OTC 2019: “We’re emerging as an oil and gas nation” – GO-Invest CEO

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CEO of the Guyana Office for Investment (GO-Invest), Owen Verwey, is heartened by the traffic passing through the Guyana Booth at the Offshore Technology Conference (OTC) currently taking place in Houston Texas, USA, saying that the opportunities for networking...
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CGX looking for ‘new dawn’ in Guyana oil and gas hotspot

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CGX Energy is looking to have its joint venture with Frontera Energy Corporation provide working capital for the company's ongoing commitments on its Berbice, Corentyne and Demerara blocks, through a signing bonus of $33,300,000 paid by Frontera. CGX said on Wednesday...
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Venezuela turmoil puts a pause on Dragon Gas deal with Trinidad and Tobago

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Deteriorating conditions in Venezuela, home of the world’s largest oil reserves, is obstructing a deal with neighbouring Trinidad and Tobago to transport gas over a 17 km pipeline from the Dragon Gas Field to the Hibiscus platform, in the...
News

BHP makes hydrocarbon discovery offshore Trinidad

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Australian company BHP announced that it has made commercial discovery of hydrocarbons offshore Trinidad and Tobago during the first quarter of 2019, on the heels of a gas discovery at the Bongos-2 well in the north last year. The find...
News

Chevron gets treasure, trouble with rebel-hit Mozambique gas

OilNOW -
(Bloomberg) -- "With great power comes great responsibility," said Uncle Ben in the famous Marvel Comic turned blockbuster film Spider-Man (2002). Chevron Corp.’s acquisition of Anadarko Petroleum Corp. gives it access to the popular Permian Basin, in addition to...
News

Shipping company opens Guyana office as Oil & Gas set to drive demand for services

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GAC Shipping, Logistics and Marine Services has opened an office in Guyana in response to demand for professional shipping and logistics support following the discovery of large reserves of oil and gas offshore the South American country. To provide local...
News

Young Guyanese ecstatic about working offshore with ExxonMobil

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Some 24 young Guyanese who have been given the opportunity to work with US oil major ExxonMobil on its giant Liza project offshore the South American country are looking forward to joining the team that will bring first oil...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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