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Bourbon Offshore sold to creditors

(The Maritime Executive) On December 23, the court overseeing the reorganization of Bourbon Offshore chose a purchase bid from Société Phocéenne de Participations (SPP), a company owned by Bourbon's creditors. The transfer of ownership of Bourbon's holding company, Bourbon...

Guyana opposition flays government’s handling of oil sector as production begins

A day after the official announcement signalling the start of oil production in Guyana, the main opposition party restated its position that the government has done a poor job in managing the emerging petroleum sector and preparing for the...

Energy department warns of unrealistic expectations and promises in face of national elections

As Guyana is approaching national elections, the Director of the country’s Department of Energy (DE), Dr. Mark Bynoe said the Department is cognizant of unrealistic expectations with regards to Local Content. Addressing the Guyana Manufacturing and Services Association’s (GMSA) Annual...

ExxonMobil in talks with Guyana government to establish financing facility for small business

ExxonMobil and the Government of Guyana are examining ways in which a financing facility could be established to provide much-needed capital to small and micro enterprise in the South American country. Speaking at a dinner hosted by the Guyana Manufacturing...

‘Clear de way, Guyana coming back’

By Professor Anthony T Bryan (Jamaica Observer) Clear de way, Guyana coming back is the title of a lively vintage calypso by Dave Martins and the Tradewinds about several Caribbean nations in a virtual horse race competing for prominence. Perhaps...

Where is Guyana seeing the benefits of oil production?

By Bobby Gossai Jr. Bobby Gossai, Jr. recently completed his MSc (Econ) in Petroleum, Energy Economics and Finance from the University of Aberdeen. Mr. Gossai, Jr.’s professional experiences include being the head of the Guyana Oil and Gas Association and...

‘Job-creation, world-class education and health care’ among campaign promises of Guyana’s main opposition party as oil production set to get underway

With what is being described as the ‘mother of all elections’ on the horizon, the main opposition party in the soon-to-be newest oil producing country in South America – Guyana - has released an excerpt of its manifesto which...

Half of ExxonMobil’s workforce for its exploration and development activities at Stabroek Block is Guyanese

More than 3,400 people are working for ExxonMobil on its project for the exploration and development of hydrocarbon resources offshore the South American country of Guyana, and half of that number is Guyanese. The US oil major has been steadily...

GIPEX 2019: Oil wealth should be the catalyst to move to clean energy – Dr Bynoe

Dr Mark Bynoe, Head of Guyana's Department of Energy, on Wednesday, reemphasized his agency's commitment to pursuing the country's green economy and using the oil resources to propel the South American nation into becoming an exemplar of clean energy...

Chamber to launch Business Directory on Day 1 of GIPEX

The Georgetown Chamber of Commerce and Industry (GCCI) will be moving to launch its Business Directory on the evening of the first day of the Guyana International Petroleum Exhibition and Summit (GIPEX) set to take place on November 20...

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Stena Carron named Wells Alliance Guyana rig of the quarter after a decade of operations offshore Guyana

Wells Alliance Guyana has named the Stena Carron drillship ‘Rig of the Quarter’, a recognition announced by Stena Drilling...