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Local steel fabrication for Guyana oil vessel increases by 300%

Guyana's fourth oil production vessel - ONE GUYANA - is the second to be outfitted with locally fabricated steel, representing yet another win for local content for the country.  ExxonMobil Guyana President Alistair Routledge revealed that 200 tonnes of steel...

Guyanese company, Farfan and Mendes, acquires DNV certification

Farfan and Mendes Limited, Hose and Rigging Division has achieved DNV type approval certification for the manufacture and repair of wire rope slings for cargo-carrying units manufactured to the DNV 2.7-1 standard.  “The certification recognises the division's commitment to providing...

Enhanced oil and gas exhibit unveiled at Guyana’s National Museum; allows for 3D view onboard FPSO 

Oil has become an important part of Guyana’s history, preserved and on view at the country’s National Museum as Stabroek Block operator ExxonMobil relaunched the new and improved oil and gas exhibit.  While many will not be able to travel...

Guyana oil fund managers eyeing benefits from high interest rates; no investment plans yet

The Board of Directors for Guyana’s Natural Resource Fund (NRF) has issued its first mandate for the account, ordering that the funds remain put, as outlined in Central Bank’s 2023 first-quarter report.  During the quarter, the report states that a...

Baker Hughes books over US$300M in new energy orders this year, nets US$5.7B for quarter 

Oilfield service company Baker Hughes raked in US$5.7 billion in revenue as the first quarter of 2023 closed, with over US$300 million in new orders already secured.  In its earnings report for the quarter, Baker Hughes said the stronger-than-expected quarterly...

Mapping Guyana’s Path Between Climate Change and Energy: Ulric Trotz’s White Paper

By Scott B. MacDonald Climate change and energy transition have converged as the two major forces shaping the world in the early 21st century. In the Caribbean, the newly minted oil producing state, Guyana, finds itself pulled by both forces,...

Jagdeo calls Suriname Agri-Minister “a shady character” after fishing licenses row

Guyana Vice President Dr. Bharrat Jagdeo referred to Suriname’s Agriculture Minister as a “shady character” following a fishing licenses row between the two countries. Parmanand Sewdien is the Suriname official in question. “… Suriname and some of the Ministers, especially...

More seismic surveys planned for oil block with one of the highest success rates for discoveries on the planet

ExxonMobil Guyana is set to continue 3D/4D seismic survey operations at the offshore Stabroek Block, beginning April 20.  Guyana’s Maritime Administration (MARAD) said the exercise is set to conclude on December 31.  The survey will incorporate the use of five support...

With accelerating development, Guyana will have to import skilled labour soon – President

Guyanese authorities have already attuned their minds to the reality that skilled labour will have to be imported soon to support the swelling tide of oil-related developments. President of Guyana, Dr. Mohamed Irfaan Ali gave the most recent nod of...

India to support South America’s new oil producer with traffic management

Guyana will be receiving support from India in advanced traffic management as talks between the two nations advanced on April 18 ahead of a visit from India’s External Affairs Minister, Dr. Subrahmanyam Jaishankar. Guyana’s Minister of Public Works, Juan Edghill...

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Exxon identifies 600 million barrels of additional reserves in sanctioned Guyana projects

ExxonMobil Guyana has increased its estimate of reserves in its Stabroek Block development projects by 600 million barrels on...