Having significant hydrocarbon reserves certainly will get energy companies’ attention, but holding the companies’ interest — and convincing them to continue investing billions of dollars in exploration and production activities — requires deliberate, strategic measures on the part of...

Guyana’s Local Content Act - implemented in 2021 - has enabled significant investment in small and medium-scale logistics and transportation enterprises to service the expanding oil sector.  During a virtual discussion on investment opportunities in Guyana and Ghana, Senior Petroleum...

Schlumberger (SLB) has secured a significant five-year contract from Petrobras, one of Brazil's largest oil and gas companies, for the enterprise-wide deployment of its cutting-edge Delfi™ digital platform.  The contract encompasses Petrobras' complete digital transformation across exploration, development, and production...

New data pulled from Rystad Energy shows that the claims of chronic underinvestment in the global oil and gas industry are exaggerated.  While investments in the upstream sector have decreased since reaching a peak of US$887 billion in 2014, some...

In an impressive surge in just six months, the utilisation of marketed sixth-generation harsh environment semisubmersibles has experienced a 14% increase, resulting in full utilisation at a staggering 100%, Westwood Energy said in a recent report.  This level of utilisation...

LONDON--(BUSINESS WIRE)--Hunting PLC (LSE:HTG), the global engineering group, today issues a trading update, ahead of its Half Year Results to be released on Thursday 24 August 2023. Highlights H1 2023 trading has been ahead of management’s expectations driven by strength across...

Guyana Vice President Dr. Bharrat Jagdeo has announced that the government is considering reissuing a request for proposals (RFP) for the Amaila Falls hydropower project. This decision comes after the previous attempt to find a suitable contractor for the...

OMV (Norge) AS has chosen TechnipFMC to undertake a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract for its Berling gas development project. This marks OMV's first iEPCI™ project in Norway as an operator, and TechnipFMC will be...

Ramps Logistics (Guyana) Guyana dropped its claim for damages in the case it had brought before Guyana to secure its Local Content Certificate, which was initially refused.  Ramps Director, Shaun Rampersad, informed the government in a letter that it dropped...

Guyana's National Small Business Week is set to kick off from July 21-29, 2023, and this year's edition is expected to feature the participation of around 60 small businesses. Under the theme of "Strategic Collaboration for Success," the event...