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Saipem seeks catering services for VEHSI facility

OilNOW -
Italian engineering and drilling firm Saipem is seeking Expressions of Interest (EOIs) for catering services at its Vreed-en-Hoop Shore Base Inc. (VEHSI) facility. Saipem's operation at VEHSI spans 81,000 square meters.  VEHSI is a collaboration between NRG Holdings, a 100%...
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2,000 direct jobs to be created in Suriname as TotalEnergies set to spend US$1.5 billion in-country

OilNOW -
TotalEnergies' Gran Morgu project is set to create thousands of jobs, including 2,000 direct jobs over its lifetime. Meanwhile, the Total-led group plans to spend US$1-1.5 billion in Suriname as part of its development program for the Gran Morgu...
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Procurement spending from contractors hits US$314 million with addition of Prosperity FPSO – Mid Year Report 

OilNOW -
According to Guyana’s 2024 mid-year report, procurement spending in the oil and gas sector totaled US$314 million. The report highlights growth in engineering and machining services, accommodation, equipment rental, and catering. The hike is largely attributed to the increased activity...
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US$8.9 million pumped into training initiatives for Guyana’s oil sector 

OilNOW -
Training initiatives for Guyana’s oil and gas sector have seen an investment of US$8.6 million, according to the recently released Mid-Year Report from the Ministry of Finance.  Labor scarcity in Guyana’s market is a known issue, especially in the oil...
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Unmet expectations about jobs could impact support for Suriname’s first deepwater development – ESIA

OilNOW -
With TotalEnergies starting the groundwork for Suriname’s first offshore oil development, the company in its environmental and social impact assessment (ESIA) underscored the importance of the country being realistic with its local content targets.  “Unmet expectations about employment opportunities may...
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MODEC to open 32 procurement opportunities for Guyanese firms over next 5 months

OilNOW -
MODEC Guyana is set to open a series of procurement opportunities as it works to deliver a floating production, storage and offloading (FPSO) vessel for operation offshore Guyana. The Local Content Secretariat revealed a list of 32 opportunities that form...
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Staatsolie boss in favour of local content policy instead of law    

Shikema Dey -
Paramaribo, Suriname - As plans continue to move forward for Suriname’s first offshore oil production project, Managing Director of state oil company Staatsolie, Annand Jagesar, believes the country would do well with a local content policy instead of a...
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Guyana government wants local O&G suppliers to be paid in three-week period; 45 days still seen as too long

Shikema Dey -
Guyana's Local Content Secretariat is pushing to have local contractors in the oil and gas sector receive payments in 21 days, according to the Director, Dr. Martin Pertab.  Presently, oil companies have up to 45 days after the receipt of...
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Companies risk losing Local Content certification for not hiring, training Guyanese

OilNOW -
The Ministry of Natural Resources has issued a stern reminder to Contractors, Subcontractors, and Licensees in the oil and gas sector about their obligations under the Local Content Act. Companies failing to prioritize hiring and training qualified Guyanese nationals...
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Strict enforcement of local content law crucial for Guyana’s Success – Nestoil CEO

OilNOW -
Chairman and Chief Executive Officer of Nestoil Group, Dr, Ernest Azudialu-Obiejesi, has urged the Guyanese government to learn from Nigeria's past mistakes in the oil and gas sector and strongly enforce its local content law.  His comments come as Guyana...
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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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