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GIPEX will play key role in showcasing Guyana – Exxon Country Manager

Strategic Partner of the Inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX) - ExxonMobil Guyana - expects the event to play a key role in showcasing the South American Country of 750,000 people. Speaking at the official launch of...

Guyana could increase financial support to CARICOM from oil revenues – VP Greenidge

The Caribbean Community (CARICOM) has not formally approached the Guyana Government regarding its increased contribution to the regional 13 member bloc of nations in light of its imminent influx of revenues from its oil and gas industry set to...

ExxonMobil signs deal for deepwater oil exploration off Ghana

(Reuters) - Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender...

GIPEX 2018 Launched: Major players in the O&G industry slated to participate

Guyana will next month host a number of the world’s largest petroleum companies as the South American nation prepares to run its inaugural Guyana International Petroleum Business Summit and Exhibition (GIPEX) 2018. Built as the premier confab to promote the networking...

Guyana invites Qatar to invest in its O&G sector

As international momentum continues to build as it relates to Guyana’s emerging oil and gas industry, the South American nation continues to forge international partnerships - the latest being with Qatar, an established oil producing State. On Wednesday, Guyana’s Head-of-State, President...

Signature petroleum summit to be officially launched today in Guyana

The inaugural Guyana International Petroleum Business Summit & Exhibition (GIPEX) 2018 will be officially launched today at a press conference being held at the Marriott Hotel in Georgetown. The country’s Minister of Natural Resources, Raphael Trotman, will launch GIPEX 2018,...

Bauxite Company says not enough natural gas available for smelter – Trotman

Bauxite company Bosai Minerals Group (Guyana) Inc. has indicated that the quantity of natural gas that would be available when oil production begins in 2020 is inadequate to power a smelter. The South American nation’s Natural Resources Minister, Raphael Trotman...

U.S. oil industry set to break record, upend global trade

(Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And...

Need for pipe yards, fabrication and fuel supply facilities in Guyana increases with Liza Phase 2

When the proposed Liza Phase 2 development project comes on stream in 2022 approximately 120 miles offshore Guyana, the need for a number of shorebase services will significantly increase. ExxonMobil Guyana says the project will utilize onshore infrastructure which may...

Tullow Oil tiptoes back into exploration

(Reuters) - Tullow Oil is cautiously reviving its search for new oil and gas resources in Africa and Latin America, its chief executive said, warning that the sector will need to walk a thin line to balance spending discipline...

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A look at tier 1 contractors supporting Guyana’s offshore oil operations

Guyana’s offshore oil industry has rapidly evolved into one of the world’s most significant deepwater developments, with production from...