Oilfield Services Company Schlumberger is pursuing an aggressive local content programme that will see employment opportunities opening up for Guyanese as well as priority being given to local companies for a number of upcoming tenders.
Schlumberger is the world’s largest...
ExxonMobil Guyana asserted on Tuesday that the South American country has made steady progress in the expansion of the nation’s capacity to build a skilled workforce and create a competitive supplier base to support its oil and gas operations.
The...
Venezuelan authorities have released the two Guyanese fishing vessels and 12 crew members that were detained almost two weeks ago by its navy. Guyana has maintained that the vessels were operating well within its waters at the time of...
ExxonMobil, operator of three deepwater blocks offshore Guyana, has announced the creation of a new business – ExxonMobil Low Carbon Solutions (ELCS) – which will be used to commercialize its extensive low-carbon technology portfolio. According to the oil major,...
U.S. oil major, ExxonMobil on Tuesday reported an estimated fourth quarter (Q4) 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. The company said Q4 capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4...
The plans by the Guyana government to land a natural gas pipeline at Wales, on the West Bank of Demerara (WBD) is expected to have a transformational effect on manufacturing, and result in the sector becoming more competitive regionally....
Guyana’s local content policy, which is currently being revised, will require oil industry operators to adopt Sustainable Supply Chain Management (SSCM) practices, and a planned Local Content Secretariat will coordinate all related activities at a national level.
Giving the background...
On Monday, Royston Souvenir, a worker attached to Gaico Construction and General Services Inc. was killed in an accident while on duty at the Guyana Shore Base Inc. (GYSBI).
Reports indicate that the accident occurred around 12:30 pm when Souvenir...
Average crude output by Venezuela's state-owned PDVSA and its foreign partners in January rose to 520,000 b/d, or 100,000 b/d more than December, according to daily production reports reviewed by S&P Global Platts.
Also, the preliminary average of Venezuelan crude...
The Centre for Local Business Development on Monday opened its Virtual Guyana Supplier Forum which is geared towards increasing the participation of local companies in the oil and gas supply chain.
Addressing the opening of the Forum, which was held...
