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Guyana’s oil boom, 2020–2025: From first barrels to a projected 900,000 b/d province

In the span of five years, Guyana has transformed from a newcomer in oil production into one of the world’s fastest-expanding petroleum hubs. What began in 2020 with a single floating production, storage and offloading (FPSO) vessel has grown...

Saipem completes Yellowtail offshore scope for ExxonMobil Guyana

Saipem has announced the completion of its contracted scope of work for ExxonMobil Guyana’s Yellowtail field in the Stabroek Block, located in water depths of about 1,800 metres. The contract, awarded in 2022, covered the Engineering, Procurement, Construction, and Installation...

The PAA Series: Management Themes (Part 7)

Management Themes (Part 6) focused on the grant of a Petroleum Production Licence (PPL) under the Petroleum Activities Act 2023 (PAA). We saw that section 33 provides that the Minister may grant the PPL on such conditions as the...

A Keystone Review: Beyond the Ballot Box, Guyana’s next era

By Keystone Consulting Group As Guyana approaches its crucial 2025 General and Regional Elections, the natural and critical question of ‘who will govern next’ rises to the forefront of our thoughts. It is the subject of much analysis and debate,...

Suriname emerges as third largest offshore oil investment destination in the Americas – Energy Industries Council 

Suriname is fast becoming one of the top offshore oil and gas hotspots in the Americas, ranking third in projected offshore exploration and production (E&P) investments by 2030, behind only Brazil and Guyana, according to the Energy Industries Council...

75% of SMEs in Suriname’s Blue Wave Supplier Program report business growth 

Alma Del Toro, Co-Founder and Co-President of Blue Wave International Supplier Development Program Corporation, says three-quarters of small and medium enterprises (SMEs) in the company’s supplier development programs have expanded their business within a year of graduating. “In aggregate, we...

Oil companies delivered 1,600+ training programs for Guyanese in 2024

The Local Content Secretariat says oil companies in Guyana delivered more than 1,600 technical and non-technical programs for Guyanese in 2024, reflecting what Head of the Employment Unit Nicole Haynes described as “the continued commitment to upskilling the Guyanese...

MODEC’s H1 profit climbs on project wins, backlog swells to record US$25.5 billion

Japan’s MODEC Inc. said on Friday its net profit for the first half (H1) of 2025 rose 17% from a year earlier, buoyed by revenues from engineering, procurement, construction and installation (EPCI) projects and a record order book, even...

Upcoming Business Talk to address invoicing in Guyana’s oil & gas sector

The Centre for Local Business Development, in partnership with the Greater Guyana Initiative, will host an in-person session titled ‘Understanding Invoicing in the Oil & Gas Industry’ on August 18.  The event, which is part of the Centre’s ‘Managing Growth:...

From risk to reward: How Ayanna Whaul found her place at Halliburton 

Ayanna Whaul stands out as one of Halliburton’s key human resource professionals in the Caribbean region. As a talent management specialist, she plays a central role in training and development, local content reporting, succession planning, and capacity building. Her...

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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...