Oil & Gas

MODEC has signed a contract for the “Uaru” development project

Nov 01, 2022

MODEC has announced that it has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage, and Offloading vessel (FPSO) for the “Uaru” development project. The FEED contract…

Oil & Gas

Guyana government lowers price of gas and diesel for consumers

Oct 05, 2022

Globally gas prices are an increasing burden to the motoring public however, in Guyana consumers will be seeing a further reduction in the prices at the pump in the near future. The Guyana government…

Oil & Gas

US$20m petroleum training facility launched

Sep 11, 2022

Prime Minister, Brigadier (Ret’d), the Honourable Mark Phillips, said the Government intends to continuously bolster investments in human capital to build local content capacity and foster a sustainable future for all Guyanese. He made…

Oil & Gas

APA Corporation Announces First Discovery in Block 53 Offshore Suriname

Aug 23, 2022

APA Corporation has announced an oil discovery offshore Suriname at Baja-1 in Block 53. The company also provided an update on recent drilling operations at Dikkop-1 in Block 58. Block 53 Baja-1 was drilled…

Oil & Gas

Subsea 7 and Van Oord consortium awarded contract offshore Guyana

Aug 02, 2022

Subsea 7 and Van Oord have announced the award of a substantial contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths…

Oil & Gas

ExxonMobil makes two more discoveries offshore Guyana

Jul 21, 2022

IRVING, Texas – ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and…

Oil & Gas

SBM Offshore completes US$1.75 billion financing of FPSO ONE GUYANA

Jul 21, 2022

SBM Offshore has announced that it has completed the project financing of FPSO ONE GUYANA for a total of US$1.75 billion.,  According to a press release from the company, the project financing was secured by…

Uncategorized

Guyana Shore Base inks 11-year extension contract with ExxonMobil Guyana

Jul 19, 2022

Monday 19, july 2022 Guyana Shore Base Inc. (GYSBI), a pioneering Guyanese company in the local oil and gas sector has announced that it has inked an 11-year extension contract with Esso Exploration and…

Uncategorized

Crude ramp-up to reflect 57.8% economic growth in Guyana

Jul 11, 2022

Monday 11, july 2022 Non energy sectors also expected to grow Guyana has been producing crude since 2019 and since then the country has been one of the top performing economies in Latin America.…

Uncategorized

Barbados Signs Cooperation Agreements With Guyana and Suriname

Jul 06, 2022

Wednesday 06, july 2022 The Barbados Ministry of Foreign Affairs and Foreign Trade has announced that Barbados has signed new agreements with two CARICOM neighbors. According to the Ministry, the new agreement provides for…