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US$40M pipe coating facility aims to support deepwater operations, gas-to-energy project

A US$40 million deepwater pipe coating facility was launched during a ceremony at the Guyana Marriott Hotel in Kingston, Georgetown on Wednesday evening, by Pipe Coating Guyana (PCG) Inc. The ceremony marks the operationalisation of a state-of-the-art facility purposed...

Yellowtail Development: Exxon to provide gov’t with list of training opportunities for Guyanese

The Petroleum Production Licence (PPL) for the US$10B Yellowtail Project stipulates that ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), must provide the government with a list of potential opportunities for local and overseas training or secondee positions within its...

Port of Vreed-en-Hoop: More than just a shore base

On the surface, the multi-billion dollar ‘Port of Vreed-en-Hoop’ may seem like it will be a regular shore base facility, but it’s intended for much more than that. Three businessmen – Andron Alphonso of ZRN Investment Inc., Nazar Mohammed of Hadi’s World Incorporated and...

Guyana seeks more diaspora involvement in advancing oil & gas economy

By Dr. Terrence Blackman and Utamu Belle - OilNOW Guyana's leadership wants Guyanese and its members in the diaspora to play more significant roles in the country's developing oil and gas economy as its key players work on advancing the...

Guyana is ‘Gateway to Opportunities’ at biggest oil and gas conference in the world

The Guyana government said on Monday that it is the highlight of the Offshore Technology Conference once again, after opening its booth at the NRG Park, in Houston, Texas on Monday. “With the facilitating efforts of the Guyana Office for...

High-level Guyana contingent opens booth at Offshore Technology Conference 2022

The iconic Offshore Technology Conference 2022 opened today with participation from a high-level Guyana group, consisting of government and private sector representatives. The Guyana booth is aptly titled ‘The Gateway to Opportunities’. OTC 2022 is scheduled to run for four...

Chevron acquires shallow Block 7 offshore Suriname

Chevron has acquired a 1,867-square-kilometre shallow water acreage, called Block 7, offshore Suriname, the state oil producer, Staatsolie said on Wednesday. With an 80% participating interest, Chevron has obtained exploration, development, and production rights in Block 7. Staatsolie has the...

TechnipFMC moves all subsea assembly from Trinidad to Guyana with new Houston Base

From wellheads to pipelines, TechnipFMC is one of the leading technology providers in the traditional and new energies industry, delivering fully integrated products and services. TechnipFMC established a presence in Guyana back in 2016 and six years later, on Tuesday,...

Exxon seeks consultant for onshore pipeline survey

Ahead of construction of a pipeline as part of the landmark gas-to-energy project in Guyana, ExxonMobil is looking for a consultant to conduct a survey. In a public request for information (RFI), the company’s local affiliate, Esso Exploration and...

US$10B Yellowtail Project set to unleash a tsunami of economic benefits

Apart from the profit oil and royalty the State stand to gain, ExxonMobil’s US$10 billion Yellowtail Project in the Stabroek Block which is set for first oil in 2025-2026, is poised to unleash a tsunami of economic benefits for...

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Chinese companies among 10 groups vying to build fertilizer plant in Guyana 

Ten groups, including several Chinese companies, have submitted proposals to build Guyana’s planned ammonia and urea fertilizer plant at...