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,...

The Liza Destiny and Liza Unity floating, production, storage and offloading vessels (FPSOs) are on ExxonMobil Guyana’s radar for purchase, said its Vice President and Business Service Manager, Phillip Rietema.  Both vessels were constructed by Dutch floater specialist SBM Offshore...

Tianjin-based marine engineering equipment supplier, Bomesc Offshore Engineering, has successfully secured a contract worth US$152 million for the topsides integration on the Errea Wittu floating production, storage and offloading (FPSO) vessel being constructed for ExxonMobil’s Uaru development in Guyana.  According...

Guyana's Vice President Dr. Bharrat Jagdeo has disclosed plans to commence a public consultation process for the draft Petroleum (Exploration and Production) Act, which will be unveiled by next week. The move will give Guyanese an opportunity to share...

MODEC has secured a significant agreement with Dalian Shipbuilding Industry Company (DSIC) to construct the hull for a new floating production, storage, and offloading (FPSO) vessel being built for ExxonMobil's Uaru development offshore Guyana. The DSIC, situated in Dalian City...

Leaders in Guyana’s insurance industry recently affirmed that it has the capacity to underwrite 100 percent of the risks in the oil and gas industry. Specifically, Melissa Desantos, President of the Insurance Association of Guyana and Peter Abdool, President of...

Guyana’s Environmental Protection Agency (EPA) has received the mandated US$2 billion oil spill guarantee from Stabroek Block operator ExxonMobil Guyana and its partners, Hess and CNOOC. This was confirmed on June 14 by Exxon’s Vice President and Business Service Manager,...

SLB, previously known as Schlumberger, has recently issued a Request for Information (RFI) as it embarks on the search for firms capable of providing auditing services for its affiliate in Guyana. The oilfield services company has outlined the specific...

No word on commerciality Drilling costs revised upward again After completing the drilling of the Wei-1 well offshore Guyana, CGX Energy Inc. on Tuesday announced a discovery of 71 feet of net oil pay. The CGX exploration campaigns in recent years...

With over US$40 billion in sanctioned projects for the Stabroek Block, Guyana’s Vice President, Dr. Bharrat Jagdeo has assured that the pace of approval for these investments is not outstripping the country’s monitoring capabilities, nor is it overheating the...