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Former SBM CEO, Executive sentenced to prison in bribery scheme

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A former CEO and former executive of an oil services company were sentenced to prison on Friday, September 28 for their involvement in an international bribery conspiracy, the US Department of Justice said in a press release. Assistant Attorney General...
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Brazil’s Petrobras to pay $853.2 million in penalties

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(AP) — Brazil's state oil company Petrobras said Thursday it had agreed to pay more than $850 million in penalties for bookkeeping violations related to bribes to Brazilian politicians and political parties. Petrobras said in a securities filing that the...
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“We work with an ethical supply chain that values women, men and different races” – Saipem President

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Italian oil and gas industry contractor, Saipem, on Tuesday facilitated a safety leadership forum in Guyana at ExxonMobil’s Centre for Local Business Development. Saipem is one of the primary contractors for the US oil major in Guyana and was recently awarded...
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‘No need to delay Liza Phase 2’ – Dr Mark Bynoe

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Head of Guyana’s Department of Energy (DOE) Dr Mark Bynoe says there is no need to delay the Liza Phase 2 development pending an audit of contract costs for Liza Phase 1. Over the last week, Dr Jan Mangal, former...
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Islamic finance institutions invited to Guyana next year

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 - Private sector could benefit significantly from investment facilities Representatives from several Islamic development and finance institutions could arrive in Guyana early next year at the invitation of the country’s Minister of Finance, Winston Jordan. The South American country became the...
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‘Make cost recovery audit public; amend Procurement Commission Act’ – Persaud

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On the heels of nine major discoveries offshore Guyana by ExxonMobil and its partners HESS and CNOOC Nexen and with the recent announcement of a major resource estimation by Eco-Atlantic, former Minister of Natural Resources and the Environment Robert...
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Schlumberger in search of office supplies for Guyana operations

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Schlumberger is ramping up its operations in the South American country of Guyana and is gearing up to begin sourcing supplies for its new drilling fluids facility currently under construction. The company is seeking a contractor to supply, deliver and...
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Guyana gov’t says no illegalities or nefarious objectives guided approval of Liza Phase-1 billion-plus barrel development

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Guyana’s Ministry of Natural Resources MNR said on Friday afternoon that the decision to move ahead with the Liza Phase 1 development project – set to rake in an estimated 7 billion US dollars over its lifetime – was...
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Saipem America provides internship for Guyanese students

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Liza SURF contractor Saipem has collaborated with the University of Guyana and the Government Technical Institute to facilitate an internship programme for four Guyanese students in the United States of America. They will conduct their internship from September to...
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GOGA, Marak set to stage 1st local content conference in Guyana

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Following the massive oil discoveries offshore Guyana, the Guyana Oil and Gas Association (GOGA) says the country has an opportunity to achieve a new path of sustainable economic growth and development; through applicable Local Content Policies and Strategies that...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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