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SBM Offshore secures contracts for 3rd Guyana FPSO

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SBM Offshore said on Thursday ExxonMobil Guyana has awarded the Company contracts to perform Front End Engineering and Design (FEED) for the Floating Production, Storage and Offloading vessel (FPSO) for the Payara development project located in the Stabroek block...
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Oil to shore can be a “magnet for corruption” – Bloomberg column warns

OilNOW -
An opinion piece by Bloomberg columnist, Mac Margolis, published on Tuesday, November 5, outlines a number of observations and recommendations for South America’s newest oil and gas hotspot - Guyana, on how the country can best navigate the road...
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CGX Energy pursuing deep water port facility in Guyana

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CGX Energy Inc. through its wholly owned subsidiary Grand Canal Industrial Estates Inc. (GCIEI) has made a request for proposals for the provision of infrastructure services as part of the construction of a deep-water port facility at Crab Island...
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Guyana, Ghana companies partnering to supply workers for offshore rigs

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Ghana headquartered Unicon Western Engineering Services –a subsidiary of Unicon Western Holdings –has teamed up with a Guyanese company, Amazonia Expert Services Limited, to launch UNICON Guyana Inc. (UGI). UGI will be responsible for recruiting and training labourers for work...
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Trinidad investors welcomed in Guyana if entering through front door – Chamber President

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President of the Georgetown Chamber of Commerce and Industry (GCCI) Nicholas Deygoo-Boyer believes that Guyanese businesses are at a disadvantage when compared to their Trinidadian counterparts due to their access to more capital and their lower hurdles to clear. But...
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Guyana, Trinidad O&G relationship must be based on mutual respect – private sector reps

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Members of Guyana’s business fraternity are concerned about the recent staging of an oil and gas safety forum in Georgetown by the Energy Chamber of Trinidad and Tobago. Guyanese business representatives say the local private sector groups were not...
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Guyanese workforce, suppliers increasing as first oil approaches

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With close to 30 billion dollars spent in Guyana on the procurement of goods and services since 2015, ExxonMobil says it has a tripartite approach to local content and sees its application as one that benefits both the company...
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G-Boats, SRSGY train 26 more Guyanese for offshore placements

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More and more Guyanese are entering the world of work in Guyana’s emerging oil and gas industry, even as the debate over the proposed local content policy continues in the country. To this end, 26 Guyanese recruits on September 12...
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Business leader wants equal pay for equal work in Guyana’s emerging O&G sector

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A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...
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More than GY$29 billion spent on goods and services since 2015 from Exxon’s operations in Guyana

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Since 2015, ExxonMobil Guyana and its major contractors have expended more than $29 billion Guyana dollars on the procurement of goods and services ranging from foodstuff to engineering. This has led to the evolution of new services, which include,...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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