Oil and gas fields generally have a lifespan ranging from 15 to 30 years, from first oil to abandonment. Production can last 50 years or more for the largest deposits. Deepwater fields, however, are operated just five to ten...
Minister of Natural Resources, Raphael Trotman, says the Government of Guyana is still examining options available for marketing its share of oil and this is being studied by a high-level team put together by President David Granger.
The South American...
Ground Structures Engineering Consultants (GSEC), a Guyanese firm specializing in geotechnical engineering and environmental services, will soon open the doors to its new state-of-the-art 10,000 sq. building housing offices and a soils and material laboratory.
GSEC is in a partnership...
As Guyana’s oil and gas industry promises to emerge as a dominant force in the country’s economy, the business community will next week be looking to highlight opportunities and challenges in several other key sectors in its push to...
When compared to heavy oil, the light crude found in Guyana will fetch a higher price on the world market and cost less to refine.
Light crude oil has low density and flows freely at room temperature. It has low...
Following oil discoveries at the Liza, Payara and Snoek reservoirs from 2015 to present, ExxonMobil and its Joint Venture partners Hess and CNOOC Nexen will be looking to repeat these successes with exploratory drilling at the new Ranger-1 well site...
Gulf Publishing Company, a leading media company and provider of market data for the international energy industry, on Sunday the Energy Web Atlas to provide the downstream energy sector with easy access to information about the Liquefied Natural Gas (LNG) industry.
A...
The Guyana Revenue Authority (GRA) is working closely with the US Treasury Office of Technical Assistance (OTA) to create a platform that can allow higher systems of transparency and accountability, as the country continues its preparation for the oil...
Operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel will potentially provide the highest sustainable long-term employment opportunities for Guyanese over the lifetime of the project.
ExxonMobil, through its contractor; SBM Offshore, is in fact targeting a...
Keppel Offshore & Marine's wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore)...