Guyana’s National Procurement and Tender Administration Board (NPTAB) revealed that an Engineering, Procurement and Construction (EPC) contract for the 1.5MW Kumu and 0.7MW Moco Moco hydropower plants, was awarded to Vidullanka PLC (Sri Lanka). The company said it will execute these works for US$12,850,000. Incorporated in 1997, Vidullanka...

Guyana’s Natural Resources Minister, Vickram Bharrat recently appealed to members of the business community to cease being a vessel for the “crab-in-a-barrel” mentality. This phrase describes a group of like-situated people who hurt each other in attempting to get...

For the first half of 2022, ExxonMobil Guyana and its contractors spent over US$127 million (GY$26.5 billion) on Guyanese suppliers The Stabroek Block operator has also confirmed with OilNOW that since announcing the first commercial discovery in 2015, over US$700 million was...

In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...

Ramps Logistics Guyana Chief Executive Officer (CEO), Shaun Rampersad has confirmed that following his company’s receipt of a Local Content Certificate, it was able to secure an extension of its contract with ExxonMobil affiliate, Esso Exploration and Production Guyana Limited...

Saipem said it has been awarded new offshore drilling contracts; three in the Middle East and two in West Africa. It is now able to focus exclusively on offshore work, after closing the sale of its onshore business to KCA Deutag...

Having a Local Content Certificate not only demonstrates to regulators that you are a legitimate Guyanese company or joint venture in the oil and gas supply chain, but it also puts you in an advantageous position during the evaluation...

Head of Guyana’s Local Content Secretariat, Dr. Martin Pertab shared during the opening ceremony of the Guyana Supplier Forum 2022, that the oil and gas sector has exceeded targets set for the training and hiring of Guyanese nationals to...

Guyana’s Vice President, Dr. Bharrat Jagdeo, announced Thursday that the government settled the main fiscal terms for the new model production sharing agreement, including 10% royalty and a 65% cost recovery cap. These terms, he explained, will apply for blocks awarded at...

Global supplier and operator of offshore floating platforms, Mitsui Ocean Development & Engineering Company Inc. (MODEC) announced on Tuesday that it has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and...