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Centre for Local Business Development shortlists 35 for ElevateAll weekend business bootcamp

OilNOW -
The Centre for Local Business Development has announced the shortlisting of 35 entrepreneurs for its highly anticipated ElevateAll Weekend Business Bootcamp. This selection marks the beginning of Phase One of the programme, aimed at empowering local business owners, operators,...
News

Guyana gov’t moves to fight another challenge to landmark Gas-to-Energy project

OilNOW -
The government of Guyana, through the Office of the Attorney General, has taken steps to defend the landmark Gas-to-Energy project in the face of yet another challenge. The project, aimed at transforming the country's energy landscape and providing low-cost...
News

Stabroek Block boosting Guyana’s capacity to borrow, repay loans

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While Guyanese authorities recently signed onto two hefty loan agreements with Qatar and Saudi Arabia totalling US$500 million, Vice President, Dr. Bharrat Jagdeo has assured that authorities still have a firm grip on its debt management reins. The official said...
News

Woodside hires TechnipFMC for Australia tiebacks

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TechnipFMC has been awarded a significant contract by Woodside Energy to engineer, procure, construct, and install flexible pipes and umbilicals for the Julimar Phase 3 development, offshore Western Australia. The Company will tie back four subsea gas wells in the...
Business Wire

NextDecade Announces Framework Agreements with Global Infrastructure Partners and TotalEnergies to Support the Development of the Rio Grande LNG Project

 HOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade) (NASDAQ: NEXT) today announced that it has entered into framework agreements with Global Infrastructure Partners (GIP) and TotalEnergies (NYSE: TTE) to enable the final investment decision (FID) for the Rio Grande LNG project (RGLNG) Trains...
News

Three international insurance companies backing policy for Stabroek Block

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ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has renewed its US$600 million per occurrence insurance policy for the Stabroek Block for the period 2023 - 2024. This was confirmed recently by Counsel for EEPGL, Edward Luckhoo SC. Luckhoo...
News

Day rates for floating rigs went up 40% in past year – WoodMac

OilNOW -
The deepwater drilling sector is experiencing a remarkable resurgence, with floating rig utilisation reaching an impressive 90% in 2023. According to a recent report from Wood Mackenzie titled "Are we at the tipping point of the deepwater rig market?"...
News

Essequibo businesses get training on Guyana’s landmark gas project

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Over 40 Guyanese living in the Essequibo region were exposed to everything Gas-to-Energy as the Centre for Local Business Development (CLBD) funded by the Greater Guyana Initiative (GGI) hosted a recent training exercise.  Held on June 6, the training covered...
News

Guyanese firms needed to support Gas-to-Energy project

OilNOW -
LNDCH4 has commenced the initial phase of its vendor and supplier identification in Guyana, with a view of developing a register of Guyanese firms to provide goods and services.  The joint venture of Lindsayca and CH4 has a tremendous task...
News

Vreed-en-Hoop Port owner aims to eliminate reliance on foreign bases for Guyana operations

OilNOW -
The Vreed-en-Hoop Shore Base (VEHSI) developers aim to create a state-of-the-art oil service facility that can essentially see Guyana relying less on outside help.  Director, Nick Boyer outlined in a recent update that VEHSI will have space for expansion to...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the...

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