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Guyana must walk tightrope to develop oil resources, demand more from future contracts – Brookings Institution

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Guyana will face significant challenges in using the oil and gas industry to bring about development without the “resource curse,” where petroleum revenues generate concentrated wealth and harm the competitiveness of other industries within the country. A July 2018 report...
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Major partnership to see Guyanese receive hands-on FPSO training in Nigeria, Singapore

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Guyanese will soon begin to receive specialized training to work on Floating Production Storage and Offloading (FPSO) vessels through a Strategic Partnership Venture (SPV) between Strategic Recruitment Solutions (SRS) and Century Tamara Energy Services Inc. (CTES). SRS is 100 percent...
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Angola sets up new National Oil & Gas Agency

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With aim of reducing control of country’s NOC and curbing conflicts of interest With a view to eliminating conflicts of interest and wresting power from its National Oil Company, Angola has created a new agency to manage its oil and...
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‘Listen to the voices of wisdom and not just multinational agencies’ – fmr Natural Resources Minister

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-Constitutional reform vital to independence of oversight of oil and gas revenues Former Minister of Natural Resources and the Environment Robert Persaud cautioned that the country must not be dependent only on multinational agencies for advice but listen to the...
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Incompetence, greed and fear main reasons petro-countries do badly – Anthony Paul

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High levels of incompetence, greed, and the fear of making tough decisions are the primary reasons countries rich in petroleum resources do badly. So says Managing Director, Principal Consultant of Association of Caribbean Energy Specialists Ltd. (ACES), Anthony Paul. Paul,...
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SBM Offshore says Liza 2 floater would be its largest capacity FPSO ever to be built

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Dutch floater specialist SBM Offshore is awaiting the Liza 2 development sanction in Guyana so it can deliver its largest ever capacity FPSO for the ExxonMobil-operated project. The Company was awarded the Front End Engineering and Design (FEED) study for...
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Strategic Recruitment Solutions – sourcing skills for the oil and gas industry

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What's the best way to get a great job in the rapidly emerging oil and gas sector? If you’re up-to-date on current business trends, your best bet might be to sign up with Strategic Recruitment Solutions (SRS); a 100%-owned Guyanese...
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Sovereign Wealth Fund to ensure roads, bridges, health care and citizens are “well taken care of” – Trotman

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The Government of Guyana says it is committed to ensuring that legislation is in place by 2020 that is “both responsive to national concerns and meets international best practices.” This is the view of Minister of Natural Resources, Raphael Trotman,...
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University of Guyana seeking specialists for O&G department

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The University of Guyana (UG) has begun the process of recruiting specialist for its incoming Department of Petroleum and Geological Engineering in the Faculty of Engineering and Technology which is scheduled to become operational from January 2019. Addressing the ‘Local...
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SBM awarded contract for second Liza FPSO in Guyana

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SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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