With the Guyana government indicating via its draft local content policy and legislation that it wants to see more locals being tapped for the provision of insurance services, one group is taking the necessary steps to grasp the opportunities...

As it awaits the requisite regulatory approvals, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) has assured that it has and will continue to invest in upskilling locals to support its Stabroek Block projects worth over US$27B. As part...

Chairman and Chief Executive Officer (CEO) of TechnipFMC, Doug Pferdehirt, has deemed South America to be by far, the most important market for its subsea business this decade. During his company’s 2021 third quarter earnings call, the Chairman said Brazil...

As of October 31, 2021, Guyana’s Natural Resources Fund (NRF) grew to US$534 million. This is according to a monthly oil fund report prepared by the Ministry of Finance (MoF). The last reported figure in the NRF was US$436...

After eight years of operations offshore Guyana, ExxonMobil expects around 75% of the workforce on the giant Yellowtail Floating, Production, Storage and Offloading (FPSO) vessel will be Guyanese, starting from an initial 25%. This is according to the Environmental Impact...

Ghana's oil production is set to decline in 2022 as a result of coronavirus-related restrictions, which deferred work programs and other activities in 2020, the head of production at the country's state-owned oil company told S&P Global Platts. The West...

SBM Offshore is providing the opportunity for Guyanese to be equipped with the skills and knowledge to work onboard Floating Production Storage and Offloading (FPSO) vessels operating offshore the South American country, through its Trainee Technician Programme. This aligns...

Dutch floater specialist SBM Offshore signed a Memorandum of Understanding with the National Agricultural Research and Extension Institute (NAREI) in Guyana on October 26, which will see the company funding a Mangrove Restoration Project along a section of the...

In February 2021, the new Guyanese government released the first draft of their proposed local content policy for the energy sector. Local content regulation defines how much local labor is utilized during the development of an industry—a fundamental policy...

A high-level Ghanaian team comprising Deputy Minister of Energy, Mohammed Amin Adam; Chief Executive Officer (CEO) of the Petroleum Commission, Egbert Faibille; CEO of the Ghana National Petroleum Company (GNPC), Kofi Koduah Sarpong; along with other technical personnel arrived...