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Gas-to-Energy: GAICO completes materials offloading facility, forges ahead with pipeline work

OilNOW -
GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.  “As a local company we are excited about this...
News

‘Strategic shift in vision’ delivered Guyana’s largest shore base, now 10 years old   

OilNOW -
Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business. But following ExxonMobil’s worldclass...
Opinions

Gas to Energy Project – the most transformational project in Guyana’s history

OilNOW -
By Cristina Caus - OilNOW The Gas-to-Energy project is an embodiment of Guyana’s mission to transform its historically underperforming economy, now one of the fastest growing, into a world-class and competitive environment. The GtE project represents one of the largest...
Business Wire

Nextracker Achieves 10-Gigawatt Milestone in Middle East, Africa, and India Solar Power Markets

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Nextracker (Nasdaq: NXT), a leading global provider of intelligent solar tracker and software solutions, today announced it has surpassed a corporate milestone of 10 GW of smart solar trackers either operational or under fulfilment for...
News

69 Lindeners graduate from programmes supported by Exxon, Hess & CNOOC

OilNOW -
The Greater Guyana Initiative (GGI) has funded electrical installation and welding and fabrication programmes through the Linden Technical Institute (LTI) in partnership with the Ministry of Education, the Council for Technical and Vocational Education Training (C-TVET) and LearnCorp International. The...
News

With six FPSOs onstream, Guyana could be debt-free by 2027 – Vice President Jagdeo

OilNOW -
With Guyana expected to produce over one million barrels of oil per day from six floating, production, storage and offloading (FPSO) vessels by 2027, the country will likely have enough money to clear its debt. This is according to...
News

Oil has unleashed a tsunami of opportunities in South America’s lone English-speaking nation

OilNOW -
Nestled on the northern tip of South America, the small nation of Guyana, now the fastest growing economy in the world, will become the continent’s second biggest oil producer by 2027. The massive success the country has seen in...
Business Wire

500 Global and Sanabil Investments Announce Batch 6 of the Sanabil 500 MENA Seed Accelerator Program

Nine companies will present live at Demo Day on December 5th, 2023 at Alwaseel Gem in RiyadhRIYADH, Saudi Arabia--(BUSINESS WIRE)--Multi-stage venture capital firm 500 Global and KSA-based financial investment company Sanabil announced the sixth batch of their MENA Seed...
News

Oil production begins at Exxon’s 3rd Guyana project pushing output to 620,000 bpd

OilNOW -
ExxonMobil announced on Tuesday that it has started producing oil at the massive Payara Development Project offshore Guyana, bringing total production capacity to approximately 620,000 barrels per day (bpd). The Prosperity floating, production, storage and offloading (FPSO) vessel is expected...
Business Wire

SES’s Fifth and Sixth O3b mPOWER Satellites Successfully Launched

With six satellites, SES’s second-generation medium earth orbit system will be ready to provide high-performance connectivity services around the globe from early Q2 2024.CAPE CANAVERAL, Fla.--(BUSINESS WIRE)--SES announced today that two additional O3b mPOWER satellites were successfully launched into...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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