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1,300 Guyanese women supporting Exxon activities onshore and offshore

OilNOW -
New half-year local content data from ExxonMobil Guyana Limited (EMGL) indicate that 1,300 Guyanese women are supporting the company's operations both on and offshore, in the South American country. EMGL said that Guyanese represent 69% of its overall workforce.  A total...
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Chevron’s strategic move bolsters Guyana’s global oil dominance, says Sankey president

Shikema Dey -
Paul Sankey, president and lead analyst at Sankey Research, has emphasized Guyana's status as a prime takeover target due to its exceptional oil assets, marking it as a global leader in the industry. Speaking on Chevron's recent acquisition of Guyana's...
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Deakin sees Venezuela’s referendum as ploy to rile up population

Shikema Dey -
A “nationalist movement” is how Director of Energy at Americas Market Intelligence (AMI) Arthur Deakin characterized Venezuela’s national referendum on the Guyana border controversy.  The referendum was approved unanimously back in September by Venezuela’s house to decide what action to...
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Suriname wants to leverage future oil royalties to extend debt repayment deadlines

OilNOW -
Suriname is moving to use future oil royalties as collateral to manage about US$314 million of its debt.  The country has crafted oil-linked securities that hinge on royalty revenues to be generated from its first offshore oil development project in...
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Halliburton’s third quarter revenue at US$5.8 billion

OilNOW -
Halliburton Company announced, on October 24, net income of US$716 million, or US$0.79 per diluted share, for the third quarter of 2023. This compares to net income for the second quarter of 2023 of US$610 million, or US$0.68 per...
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Sheriff Group turns sod for first mall in Guyana’s Berbice County

OilNOW -
The Sheriff Group of Companies today turned the sod for the first mall in Guyana’s Berbice County.  The four-phase mall will be located at Palmyra, close to the Berbice River bridge.  The region is quickly becoming a hub for development because...
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Guyana, Permian continue to boost Exxon’s earnings

OilNOW -
ExxonMobil, one of the world's leading energy companies, has announced robust third-quarter earnings of US$9.1 billion, surpassing the second-quarter earnings of US$7.9 billion. It said that the performance was underpinned by a strong operational showing, including record refining throughput...
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Guyana to commence negotiations with winners in first-ever oil auction

Kemol King -
Guyana is preparing to invite, in the coming week, the winning bidders in its first-ever offshore licensing round to commence negotiations, Vice President Bharrat Jagdeo said during an October 26 press conference. The winners were those which submitted the...
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Stabroek Block co-venturers initiate purchase of Liza Unity FPSO

OilNOW -
Hess Corporation on October 25 indicated, in a Q3 earnings report, that the purchase process for the Liza Unity floating production, storage and offloading (FPSO) unit has begun.  The FPSO is currently producing approximately 250,000 barrels of oil per day...
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Italian energy group Saipem bounces back with record orders, improved margins

OilNOW -
Saipem, the Italian energy services group, is making significant strides in its recovery efforts. The company is nearing the completion of troublesome projects that prompted a capital raise last year, according to the chief executive officer, Alessandro Puliti. He...
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President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore...

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