Even with world-leading per capita oil production aspirations, the Guyana government believes the country can keep its long-standing environmental credentials. According to Vice President Bharrat Jagdeo, “We will remain carbon negative even when we are producing 1.5 million barrels...
The World Bank's Global Economic Prospects Report, published in January 2024, has projected that Guyana's economy is set to grow 38.2% in 2024. This figure not only surpasses the International Monetary Fund's (IMF) December projection of 26.6% but also...
The International Monetary Fund's (IMF) Article IV Consultation Report from December 2023 forecasts 26.6% growth in Guyana's economy for 2024, following a 38.4% projected expansion in 2023.
While the IMF’s report was positive, it warned the economy could become overheated,...
ExxonMobil Guyana’s fibre optic cable has landed, Guyana Vice President Bharrat Jagdeo said during a December 28 press conference. Ongoing construction of an offshore command centre at Ogle, East Coast Demerara, is expected to conclude this year.
The installation of...
Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, has issued a request for information (RFI) seeking technical expertise from potential suppliers. The RFI aims to secure a contractor for the execution of the ‘underwater in lieu...
MODEC, in collaboration with Toray Industries, has unveiled a carbon fiber-reinforced plastic (CFRP) patch technique designed specifically for repairs on floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) systems.
As part of its FPSO and FSO...
The Greater Guyana Initiative (GGI) has funded electrical installation and welding and fabrication programmes through the Linden Technical Institute (LTI) in partnership with the Ministry of Education, the Council for Technical and Vocational Education Training (C-TVET) and LearnCorp International.
The...
Dutch floater specialist, SBM Offshore announced on Friday that it has been awarded contracts to perform front end engineering and design (FEED) for a floating production, storage and offloading vessel (FPSO) for ExxonMobil’s Whiptail development project in Guyana.
Following FEED...
In a significant initiative aimed at empowering and educating young Guyanese girls, the Vurlon Mills Football Academy, in partnership with SBM Offshore Guyana, has unveiled the Women in Football Development Programme. It is slated to provide professional football coaching,...
CGX Energy has found itself in a position where selling assets has become an apparent strategy for financial sustenance. The company's 2023 quarterly financial report shines a dazzling light on this trajectory.
A significant development, in this regard, is the...
