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Italian oilfield services company Saipem has confirmed that it will be moving forward with the opening ceremony of its Offshore Construction Facility in the new oil producing country of Guyana next month. The opening, originally scheduled for May, was...

Guyana President, Dr. Irfaan Ali led his government in hosting the inaugural virtual diaspora conference on Saturday, during which he called on diaspora communities to assist the government in the crafting of its multi-sectoral development plan. Engagement with Guyanese communities...

Guyana’s Vice President Dr. Bharrat Jagdeo says ExxonMobil will pay the Government around US$1.3M for 36 days of flaring at the Liza Phase 1 Development operations, in keeping with new measures implemented by the Environmental Protection Agency (EPA). During a...

The Government of Guyana will not participate in the third annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) due to the involvement of Valiant Business Media, the organiser. “Once this Valiant is organizing it, we will not participate,”...

Guyana’s Environmental Protection Agency (EPA) recently revealed that it had utilized a carbon pricing benchmark to determine the US$30 per tonne of carbon dioxide equivalent (CO2e) payment which ExxonMobil will make for flaring offshore at its Liza Phase 1...

Local companies are positioning themselves to reap the benefits from Guyana’s burgeoning petroleum sector, even extending their reach to neighboring Suriname. The latest to do this is Demerara Contractors and Engineers Limited (DCEL) and AGT Energy Group Inc. (AGT). The...

Energy logistics and supply chain solutions company Peterson says the performance of its Guyana team was exemplary in 2020, registering zero recordable incidents and pushing it to second place in the company’s annual safety awards. “Cheers to our well-deserving Guyana...

ExxonMobil continues to forge ahead with its exploration drilling campaign offshore Guyana in a bid to add more oil equivalent barrels to the already 9 billion plus it has found in the South American country. The Stena DrillMAX is engaged...

Guyana’s Environmental Protection Agency (EPA) has clarified that ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) will not recover the US$30 payment for CO2e emissions recently introduced in the modified Environmental Permit for the Liza Phase 1 Development. The...

Guyana’s Environmental Protection Agency (EPA) is currently developing flaring targets for ExxonMobil’s future offshore projects. And with the Liza Phase 1 Environmental Permit up for renewal on June 1, 2022, the EPA announced that flaring targets will also be...