Featured

University of Guyana increasing petroleum programmes, VC notes strong interest

The oil and gas industry in Guyana is rapidly expanding, and the country continues to place keen focus on local content; however, the lack of skilled personnel to meet the needs of the sector has been a challenge. The...

Oil majors incurred record loss in 2020, output fell by almost 1 million bpd

The downturn brought by the coronavirus pandemic and the accelerating energy transition has created a new reality for the world’s oil and gas industry, whose production will peak lower and earlier than expected before the 2020 market crisis, a...

Call by former EPA head to shut down Exxon’s operations ‘extreme and unwarranted’ – GOGEC

The Guyana Oil and Gas Energy Chamber (GOGEC) said on Thursday that the call by former head of the Environmental Protection Agency, Dr. Vincent Adams, for ExxonMobil’s operations to be shut down in the South American country is extreme...

Exxon says it is in full compliance with Liza Phase 1 environmental permit

ExxonMobil Guyana said on Wednesday it remains in full compliance with the environmental permit that was issued by the Environmental Protection Agency for oil production operations at the Liza Phase 1 Development offshore the South American country. On Wednesday, former...

No linkage between compressor issue, production optimization – ExxonMobil

German engineering company MAN Energy Solutions says there is no linkage between technical issues encountered with the flash gas compressor on the Liza Destiny FPSO, and production optimization activities that were ongoing at the time the challenges were encountered. ExxonMobil...

Drill campaign planned at Makarapan-1 exploration well offshore Guyana

After successfully completing negotiations with the government regarding the rescheduling of its work commitments, CGX Energy Inc and its joint-venture partner Frontera Energy Corporation have announced that they are advancing preparatory work to drill the Makarapan-1 exploration well on...

Need for realistic local content targets form key part of discussions as Guyana prepares framework

Section seven of Guyana’s draft revised Local Content Policy Document that is currently under consultation falls under the title, ‘Minimum Local Content in Goods and Services’ and sets out mandatory local content targets for companies in the oil and...

An approach to healing Guyana’s socio-political and economic ills [Part 1 of 2]

By Wilberne Persaud - OilNOW Consider 1: “It should be borne in mind that there is nothing more difficult to arrange, more doubtful of success, and more dangerous to carry through than initiating changes in a state’s constitution. The innovator...

Study points to 32 prospects offshore Guyana with huge potential

The results of an independent prospective resource study completed last year has provided enough evidence to support views that the Corentyne and Demerara blocks are highly prospective. Making this disclosure was Frontera Energy Corporation in its latest operational update...

Stena rig gunning for oil offshore Suriname to adopt Managed Pressure Drilling system

Since the advent of Ultra Deepwater Drilling units, with water depths in excess of 7,500ft, the risks and hazards of operating in such environments have provided new challenges to operate safely and efficiently. With advances in technology, the exploration...

Latest News

More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...