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Investments don’t come to countries that lack stability, predictability – oil minister

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Guyana’s Natural Resources Minister Vickram Bharrat told Members of Parliament last week that the change of government in a country should not result in instability and lack of predictability, particularly regarding agreements that were in place and on which...
News

The main shore base behind Guyana’s massive oil discoveries has seen tremendous growth

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ExxonMobil’s massive oil discoveries in Guyana led to the creation of the Guyana Shore Base Inc. (GYSBI) back in 2017 to service the rapidly increasing operations offshore. It was the brainchild of four companies – Muneshwer's Limited, TOTALTEC Oilfield Services,...
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Builder of Guyana’s oil production vessels looking to fill multiple positions

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SBM Offshore, the company building and operating floating production storage and offloading (FPSO) vessels for oil production activities offshore Guyana, is looking to fill multiple positions for its local operations. In a public notice, the company said it is looking...
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30 contractors already registered on new local content opportunity portal

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Guyana’s Local Content Secretariat (LCS) has created a new portal to help streamline opportunities for locals available in the country’s oil and gas industry. The portal carries a similar interface to the Local Content Registry of local companies. According to...
News

Guyana’s largest shore base secures 11-year contract extension with Exxon

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The Guyana Shore Base Inc. (GYSBI) – the South American nation’s premiere shore base facility secured an 11-year extension contract to see it giving continued service to ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL). GYSBI’s new contract...
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Enermech nets US$128M in Africa, Middle East, Caspian contracts

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Enermech announced Wednesday that it was able to net several operating expenditure (OPEX) and capital expense (CAPEX) contracts totaling US$128 million for work in African, Middle Eastern and Caspian locations. Eight key clients awarded 11 core competency projects, across a...
Industry Insight

What comes after high oil prices for Guyana?

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By Scott B. MacDonald - OilNOW The Russo-Ukrainian War came as a surprise blow to the global economy, with the shock waves rippling outwards from Eastern Europe and the Black Sea and reaching as far as the Caribbean. It has...
News

Tucker says ‘contract bundling’ runs counter to spirit and intent of local content law

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Months after local content targets were enshrined in new legislation, the Guyana government is looking to remove obstacles to achieving the Local Content Act’s purpose. In some instances, government considers the bundling of contracts to be one of those...
News

Guyana’s oil take will increase over time, says former business minister

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Dominic Gaskin, who served as Guyana's Minister of Business under the previous administration, says Guyana’s take from oil production activities at the Stabroek Block will increase in the future. Mr. Gaskin made this comment in a letter published in the...
News

Guyana determined to sustain investment pipeline for value-packed oil projects

OilNOW -
If the Guyana government were to impose a cap on the expansion of Guyana’s oil and gas operations by, say, not approving any more projects, it would essentially be killing the momentum in the local supply industry. According to...
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Stories Beyond the BarrelShikema Dey -

David Phillips: Building skills and people at TechnipFMC

David Phillips’ path to TechnipFMC started far from the oilfields — in mining. “My background is largely in mining,”...

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