Exxon Mobil Corporation said Friday it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The announcement comes...
Guyana's Ministry of Natural Resources this evening announced that it has approved the ExxonMobil Liza Phase 1 development plan and has issued a Production License to the company. This is an important milestone towards the first phase of oil...
With just 3 years remaining before Guyana produces first oil, the country’s government is yet to roll out a clear development plan outlining how projected revenues from oil production and royalties will be used.
With weak infrastructure and deficiencies in...
As interest surrounding local content in Guyana continues to heighten, the Guyana Oil & Gas Association (GOGA) will be staging a public lecture on Friday in the country’s capital, Georgetown, to discuss this.
The Association said in a press statement...
TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea.
The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees...
Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. (Shell) on Tuesday signed a framework agreement to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure at strategic shipping locations across the globe.
LNG...
The business community in Guyana was abuzz over the last two days as a 25-member trade delegation from neighbouring Trinidad & Tobago flocked to the country. The Trinidadians have been showing a keen interest in getting involved in Guyana’s...
(Part 2) Excerpt from an analysis done by Kristen Bindemann, Oxford Institute of Energy Studies
There are two methods of contracting: bilateral negotiation and competitive bidding. When a contract is negotiated bilaterally, the firm, usually a multinational (such as ExxonMobil),...
Following on the success of the Liza, Payara and Snoek wells offshore Guyana, US super-major ExxonMobil and its partners Hess and CNOOC Nexen will soon commence a new drilling campaign hoping to further solidify its previous discoveries.
On June 20, ExxonMobil...
A review of Guyana’s draft local content policy framework by members of the business community has identified several shortcomings which it believes put Guyanese business operators at a disadvantage. The review, done by the Georgetown Chamber of Commerce and...
