Showing results for:

News

SBM Offshore continues Guyana student outreach with Industrial Training Centre visit

OilNOW -
SBM Offshore is continuing its school outreach programme, this time, visiting the Guyana Industrial Training Centre in Georgetown. The company engaged with part-time and full-time students of the Guyana Industrial Training Center (GITC) to apprise them of its role in Guyana and the career choices...
Exploration

Exxon aiming for jackpot at Tarpon-1 offshore Guyana

OilNOW -
ExxonMobil is ramping up its exploration activities offshore Guyana, targeting a new prospect at the 6.6 million acres Stabroek Block. Guyana’s Maritime Administration Department (MARAD) said in a notice that the company Guyana will be engaged in exploration drilling operations...
News

Guyana awards US$6.6M wreck removal contract as marine traffic increases

OilNOW -
Dutch firm Koole BV has been awarded a GY$1.38 billion (US$6.6 million) contract to remove 17 hazardous wrecks from Guyana’s waterways as marine activities surge. The company specialises in industrial demolition, remediation, wreck removal, and marine construction. This is its...
News

Normand Installer in dry dock prep for upcoming SBM Offshore Guyana campaign

OilNOW -
SBM Offshore’s multi-purpose deepwater construction vessel – the Normand Installer is gearing up for a new campaign in 2023 in Guyana’s Stabroek Block. According to reports, the Normand Installer has been placed into dry dock at Frederikshavn, Denmark. Built in 2006,...
News

Saipem seeking local contractor for dredge works at Guyana facility

OilNOW -
Italian offshore contractor, Saipem, is looking for a local company to carry out dredge maintenance work on the quay wall of its Guyana facility located on the East Bank of Demerara. In an Expression of Interest (EOI), Saipem outlined that...
News

Guyana seeking US$1.9 billion in work commitments for first offshore bid round

Kemol King -
Guyana is targeting US$1.9 billion in commitments for its first offshore competitive licensing round, with safeguards to ensure contractors work swiftly and diligently. The bid round for offshore blocks opened on Monday, December 12, 2022 and included deepwater blocks (D1-D3) between...
News

Holder of world’s 17th largest oil reserves on course to add more barrels

OilNOW -
With no known commercial hydrocarbons just seven years ago, Guyana is now the holder of the 17th largest oil reserves in the world. Aggressive exploration activities off the country’s coast, mainly by US oil major ExxonMobil, have seen major discoveries...
News

Guyana in play as explorers go after 100 giant prospects targeting 36 billion boe

OilNOW -
Exploration and production (E&P) companies are going after high-impact prospects in effort to capitalise on recent high demand for oil and natural gas, caused by re-organising energy markets. Wood Mackenzie said, in Global Exploration: 5 things to watch in 2023,...
Energy Insights

Bring on the trade missions: Guyana needs healthy dose of imported capabilities to support development agenda

OilNOW -
In November, Guyana welcomed trade missions from the United Kingdom, USA, and Canada. Similar engagements are planned with France and India, indicative of the government's position that the country is “open for business.” Senior Minister in the Office of the...
News

The People’s Perspective: Opinions on Guyana’s landmark Gas-to-Energy project

OilNOW -
Seen as potentially transformative, the Gas-to-Energy project is progressing with hopes of cheaper and more reliable power for Guyanese. For many, this opens a world of opportunities as the country has one of the highest costs of electricity in the Caribbean and...
1...145146147...325Page 146 of 325

Latest News

NewsOilNOW -

‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks