Work on GAICO Construction and General Services Inc.’s dry dock laydown and storage yard at Nismes Foreshore, West Bank Demerara is moving apace with the company on track for phase one to be completed in October. Its Chief Executive Officer...

The Natural Resource Fund, established to receive revenues from oil sales and royalties, has received more than US$1.24 billion since first oil in December 2019. This scale of revenue flow is significant for Guyana, since from this single sector, these...

Today’s oil and gas industry is strikingly concentrated. Almost three-quarters of resources are in just 10 basins that hold more than 100 billion boe. Fewer than 50 traditional super basins supply more than 90% of the world’s oil and...

President of ExxonMobil Guyana, Alistair Routledge, said the company is committed to doing everything it can to ensure the Gas-to-Energy project, set to deliver lower cost and lower emission power to the new oil producing country, is successful. “It’s a...

SBM Offshore is positioning itself to benefit from the global energy transition. The company has its eyes set on achieving net-zero emissions by 2050 and has announced new intermediate greenhouse gas-related targets. SBM Offshore’s Chief Executive Officer (CEO) Bruno Chabas disclosed...

The Vice Chancellor of Guyana’s premier university, Professor Paloma Mohamed-Martin is lobbying for oil and gas investments into the tertiary institution to churn out the needed human capital for the growing oil industry. “Not only University of Guyana ...

Canadian oilfield service company, Shawcor Ltd. said its pipe coating division has been awarded a definitive contract by Saipem for ExxonMobil’s fourth Stabroek Block development – Yellowtail. A definitive contract ranges between CA$40 million - CA$50 million. Shawcor will be providing...

Transocean, the drilling company that was instrumental in making the giant Liza discovery, was contracted in August for drilling in Brazil and the Gulf of Mexico. The combined value of these contracts exceeds US$1.2 billion. The Swiss-based driller said the...

The Inter-American Development Bank (IDB) has commented in one of its latest publications that Guyana’s oil boom will drive hydrocarbon exports beyond US$3 billion this year and also account for 59.7% of Gross Domestic Product (GDP). It further noted in...

Dutch floater specialist SBM Offshore is the only company in the world to deliver floating production storage and offloading (FPSO) vessels with capacity above 120,000 barrels per day, on time, in the last five years. The company’s world-class performance is...