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Approx. US$2 billion spent to procure goods, services from local suppliers as Exxon marks five years of oil production in Guyana

OilNOW -
With December 19, 2024, marking five years of oil production in Guyana, ExxonMobil said its deepwater projects are the “most successful” in the world. The company is hailing its first five years as a significant achievement underscoring the potential...
Stories Beyond the Barrel

Guyanese duo traveling to Singapore for return journey on ONE GUYANA FPSO

OilNOW -
Two Guyanese, Nevon Arno and Bevon Craig, are preparing to travel to Singapore to ready Newrest Guyana’s team for its journey on the ONE GUYANA floating production, storage and offloading (FPSO) vessel to the Stabroek Block. Nevon Arno, a...
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SBM Offshore Guyana completes 900 hours of vendor training in 2024

OilNOW -
SBM Offshore Guyana has achieved 900 hours of training with local vendors in 2024, as part of its commitment to enhancing operational standards among Guyanese businesses. Local Content Lead Garri Fraser disclosed the achievement during the company’s Vendor Day...
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Exxon pushing for growth in fabrication, repair services in Guyana

OilNOW -
ExxonMobil Guyana is working to expand fabrication, machining, and repair services to support its growing oil and gas operations. President of the company, Alistair Routledge, explained that this effort is part of its strategy to strengthen local businesses and...
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Manatee project advances with local fabrication milestone in Trinidad

OilNOW -
Shell, McDermott, and Trinidad Offshore Fabricators Unlimited (TOFCO) hosted a ceremonial steel-cutting simulation this week at the TOFCO Yard, La Brea Industrial Estate. The event marked the start of local fabrication for the Manatee Project’s platform jacket, the largest...
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Suriname Awareness Symposium for Jan. 2025 as country gears for first offshore oil development

OilNOW -
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...
News

Guyanese companies to fabricate over 300 tonnes of steel for Jaguar FPSO

Kemol King -
Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...
News

Regulator approves MODEC’s plan for local content in Guyana through 2028

OilNOW -
Guyanese regulators have approved MODEC’s Local Content Master Plan 2024-2028.  The plan outlines MODEC's push to integrate Guyanese companies and nationals into its operations for a five-year period. Procurement opportunities for Guyanese companies are already being unveiled, with about 32 announced...
News

Local Content Law not meant to protect poor services – Min. Bharrat to Guyanese businesses

OilNOW -
Minister of Natural Resources, Vickram Bharrat, emphasized that Guyana's local content legislation is not a shield for substandard services. Speaking at the Local Content Forum, Bharrat urged the private sector to focus on maintaining high standards. “The local content legislation...
News

Stena Drilling to host Guyana Vendor Day, engage local businesses

OilNOW -
Stena Drilling will host its Guyana Vendor Day on November 13, 2024, at the Centre for Local Business Development Inc. (CLBD) in Georgetown.  The event aims to connect local businesses with Stena’s procurement team, offering insights into...
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Shearwater mobilizes Amazon Warrior for 3D survey offshore Suriname

Norwegian marine geosciences company Shearwater is deploying its Amazon Warrior vessel for a 150-day, 6,042 sq km 3D seismic...

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.

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