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Oil to shore can be a “magnet for corruption” – Bloomberg column warns

An opinion piece by Bloomberg columnist, Mac Margolis, published on Tuesday, November 5, outlines a number of observations and recommendations for South America’s newest oil and gas hotspot - Guyana, on how the country can best navigate the road...

CGX Energy pursuing deep water port facility in Guyana

CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) has made a request for proposals for the provision of infrastructure services as part of the construction of a deep-water port facility at Crab Island...

Guyana, Ghana companies partnering to supply workers for offshore rigs

Ghana headquartered Unicon Western Engineering Services –a subsidiary of Unicon Western Holdings –has teamed up with a Guyanese company, Amazonia Expert Services Limited, to launch UNICON Guyana Inc. (UGI). UGI will be responsible for recruiting and training labourers for work...

Trinidad investors welcomed in Guyana if entering through front door – Chamber President

President of the Georgetown Chamber of Commerce and Industry (GCCI) Nicholas Deygoo-Boyer believes that Guyanese businesses are at a disadvantage when compared to their Trinidadian counterparts due to their access to more capital and their lower hurdles to clear. But...

Guyana, Trinidad O&G relationship must be based on mutual respect – private sector reps

Members of Guyana’s business fraternity are concerned about the recent staging of an oil and gas safety forum in Georgetown by the Energy Chamber of Trinidad and Tobago. Guyanese business representatives say the local private sector groups were not...

Guyanese workforce, suppliers increasing as first oil approaches

With close to 30 billion dollars spent in Guyana on the procurement of goods and services since 2015, ExxonMobil says it has a tripartite approach to local content and sees its application as one that benefits both the company...

G-Boats, SRSGY train 26 more Guyanese for offshore placements

More and more Guyanese are entering the world of work in Guyana’s emerging oil and gas industry, even as the debate over the proposed local content policy continues in the country. To this end, 26 Guyanese recruits on September 12...

More than GY$29 billion spent on goods and services since 2015 from Exxon’s operations in Guyana

Since 2015, ExxonMobil Guyana and its major contractors have expended more than $29 billion Guyana dollars on the procurement of goods and services ranging from foodstuff to engineering. This has led to the evolution of new services, which include,...

‘Carving its niche’ – OilNOW recognised as the ‘go-to site’ for O&G news

As Mining Week 2019 gets underway in Guyana, the Ministry of Natural Resources on Monday took the opportunity to award those persons and entities that have played a significant role in educating the public about the Natural Resources sector....

24 Guyanese technicians to undergo Advanced Systems Training for Liza Destiny placement

The first batch of Guyanese operations and maintenance (O&M) technicians recruited by ExxonMobil Guyana to work on the Liza Destiny Floating Production, Storage and Offloading (FPSO) vessel is about to embark on  Advanced Systems Training at the Cape Brenton...

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Environmental permits and production licenses serve distinct roles for oil and gas developments

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects...