News

Climate change: President Ali implores UN to act with urgency to protect humanity

Guyana’s Head of State, Dr. Mohamed Irfaan Ali has once again issued a clarion call to the United Nations General (UN) Assembly to act now and limit global emissions to 1.5 degrees Celsius if the world wishes to avoid...

Liza Unity FPSO to develop approximately 600 million barrels of oil – ExxonMobil

With the arrival of Liza Unity floating, production, storage and offloading (FPSO) unit, Guyana’s oil production is expected to triple by 2022 as the vessel is set to develop approximately 600 million barrels of oil. ExxonMobil Guyana in a statement...

Giant Liza Unity FPSO sails into Guyana waters

Guyana’s Ministry of Natural Resources announced on Tuesday the arrival of the Liza Unity floating, production, storage, and offloading (FPSO) vessel in the Stabroek Block offshore Guyana. The Ministry said the vessel arrived in Guyanese waters after traveling for approximately...

French manufacturer wants to be strategic supplier for Guyana projects, inks deal with Exxon

French multinational manufacturing company Vallourec said Tuesday it has signed a 10-year frame agreement with ExxonMobil Guyana to supply line pipe products for its offshore operations in the new oil producing South American country. The agreement enables long-term line pipe supply...

Yellowtail targeting up to 67 development wells

The Yellowtail and Redtail fields will be developed with approximately 41 to 67 development wells drilled from six drill centers, each with separate production, gas re-injection, and water injection manifolds. According to the preliminary field layout for the Project...

Price of fuel goes up in Brazil amid international surge in crude oil

(MercoPress) Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at...

Exxon, YCG partnership facilitating training, mentorship for youths

Youth Challenge Guyana (YCG) said on Monday its long-standing partnership with ExxonMobil Guyana continues and will see another group of young men and boys from South Turkeyen and surrounding communities benefitting from technical training and mentorship. Last year’s programme was...

Rapidly growing Guyanese logistics company credits success to emerging oil industry

Guyana Logistics and Support Services (GLASS) Incorporated was established in 2011 and serviced the mining industry for some time. However, the business experienced some ‘dormant years,’ according to the company’s Human Resources and Manpower Services Manager, Romona Rahat, who...

ExxonMobil projects have pumped more than $87.2 billion into local economy – Report

While ExxonMobil’s GY$1.8 trillion Yellowtail project is poised to generate significant revenue flows for Guyana, previously sanctioned projects have already pumped billions of dollars into the local economy while enhancing the country’s upstream petroleum industry. According to the Yellowtail Environmental...

Canje Block partner recognised for full compliance with transparency body

Mid-Atlantic Oil and Gas, a Junior partner in the Canje Block offshore Guyana, continues to support the efforts of the Extractives Industry Transparency Initiative (EITI) through the work of its local body, GYEITI. The Guyanese-owned company has been submitting all...

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Ali in fiery exchange with BBC journalist about Guyana’s oil

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Shakur, on the sidelines...