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“Largest foreign investment in Guyana’s history” – Top US official backs US$2 billion energy project

OilNOW -
A U.S. loan backing the Gas-to-Energy project represents the “largest foreign investment in Guyana’s history,” according to U.S. Assistant Secretary of State for Western Hemisphere Affairs, Brian A. Nichols. During a December 17 foreign press briefing on U.S. priorities in...
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Two power ships to meet growing demand as Guyana awaits Gas-to-Energy project

OilNOW -
Two Karadeniz ships are in Guyana, delivered by UCC Holdings, to produce 96 megawatts (MW) of electrical power as Guyana awaits the completion of its Gas-to-Energy project.  The vessels are meant to critically meet growing demand as local heavy fuel...
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SBM Offshore Guyana completes 900 hours of vendor training in 2024

OilNOW -
SBM Offshore Guyana has achieved 900 hours of training with local vendors in 2024, as part of its commitment to enhancing operational standards among Guyanese businesses. Local Content Lead Garri Fraser disclosed the achievement during the company’s Vendor Day...
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TechnipFMC installs first subsea 2.0® equipment for Guyana’s Uaru project

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TechnipFMC said it has achieved a milestone with the installation of its first Subsea 2.0® equipment in Guyanese waters.  “A tubing head for the Uaru development was successfully positioned using a Schilling UHD-II remotely operated vehicle (ROV). The first Subsea...
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Merchant Marine forms alliance to boost Guyana’s energy and renewable sectors

OilNOW -
Merchant Marine Guyana has signed a Memorandum of Understanding (MOU) with several international contracting companies to establish a comprehensive “one-stop shop” to support the development of Guyana’s oil, gas, and renewable energy sector. Merchant Marine, a Guyana-registered company, has achieved...
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Exxon pushing for growth in fabrication, repair services in Guyana

OilNOW -
ExxonMobil Guyana is working to expand fabrication, machining, and repair services to support its growing oil and gas operations. President of the company, Alistair Routledge, explained that this effort is part of its strategy to strengthen local businesses and...
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Exxon not backing out of Block S8 talks – Jagdeo 

OilNOW -
ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block they were awarded after the country’s first offshore auction. Guyana's Vice President, Bharrat Jagdeo, said during a Thursday press conference that...
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US$500M+ United States loan for Guyana gas project clears key hurdle

Kemol King -
Guyana's Vice President, Bharrat Jagdeo, announced during a November 28 press conference that the United States Export-Import Bank (EXIM Bank) has given preliminary approval for a loan exceeding US$500 million to support Guyana's Gas-to-Energy project. Initially, the government applied...
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Petrobras to bring 10 new offshore production systems online by 2029

OilNOW -
Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...
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Fiscal terms in Guyana, Namibia, Angola ‘striking the right balance’ – WoodMac

OilNOW -
Global provider of data and analytics, Wood Mackenzie, said host governments, such as those in Guyana, Namibia, and Angola, have structured their petroleum fiscal regimes to strike the right balance between incentivizing investment and reflecting the risks faced by...
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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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