BP has awarded TechnipFMC the engineering design contract for the Tortue/Ahmeyim fields floating production, storage and offloading (FPSO) unit.
TechnipFMC is the same company that has been awarded a contract by ExxonMobil Guyana for the engineering, manufacture and delivery of...
ExxonMobil’s position in the South American country of Guyana spans 11.5 million acres, inclusive of the 6.6 million acres Stabroek Block where more than 3.2 billion barrels of oil have already been found.
The company says this is “equivalent to...
Guyana says it will use a US$20M loan approved by the World Bank for capacity building initiatives ahead of first oil in 2020.These include finalizing critical legislation and the establishment of critical units, such as a Petroleum Revenue Unit...
Guyana’s Minister of Finance, Winston Jordan says none of the US$18M—received as a signing bonus from US oil major ExxonMobil—has been spent, and the sum has in fact earned interest between July 2016 and now since it was placed...
ExxonMobil’s 7th oil discovery off the coast of Guyana at the Pacora reservoir has further emboldened joint venture partners down dip in the Orinduik block. Eco Guyana holds a 40% working interest alongside Tullow Oil (60%) in the 1,800 km2...
An Oil and Gas Master Plan developed by the Mitsubishi and Chiyoda Corporations in collaboration with the Government of Japan provides a technical review of the use of petroleum and its by-products in Guyana and the South American country’s...
US oil major ExxonMobil is targeting production of 2 billion oil equivalent barrels in Guyana over the first three phases of development in the 6.6 million acres Stabroek Block, beginning with Liza Phase 1 in 2020.
In its recently released...
BP and state-owned Brazilian oil company Petrobras have announced they have signed a Memorandum of Understanding (MoU) to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond.
Petrobras is globally recognized as the world’s...
Priority is being given in Guyana to the full establishment of a unit that deals specifically with oil and gas within the Guyana Revenue Authority (GRA) – the South American country’s tax agency.
Finance Minister Winston Jordan in an interview...
Guyanese President David Granger says his administration has identified a roadmap towards the creation of a Department of Energy (DoE) under the South American country’s Georgetown based Ministry of the Presidency (MotP).
He gave the brief update on Wednesday, speaking...