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More Guyanese companies competing for contracts in oil & gas

Interest among Guyanese companies looking to benefit from opportunities in the oil and gas industry has grown immensely in the two years since ExxonMobil announced its world-class Liza discovery offshore the South American country. ExxonMobil’s Senior Director, Public and Government...

Exxon on target: Liza Destiny arrives 2019

ExxonMobil says preparation for first oil in Guyana is on schedule and preliminary work being undertaken by key contractors is progressing well. Liza Destiny - the Floating Production Storage and Offloading (FPSO) vessel being designed by SBM Offshore to produce...

Guyana looking to make O&G local content framework “national model”

While a draft Local Content Policy framework currently being reviewed in Guyana has been designed specifically for the oil and gas industry, the government hopes that it would serve as a blue print for other sectors in the economy. Guyana’s...

Diverting natural gas to shore technically feasible, could lower electricity cost – Exxon Country Manager

As Guyana moves closer to first oil in 2020, US super-major ExxonMobil and authorities in the South American country have been mulling the feasibility of diverting natural gas from the production reservoir offshore, to land, for electricity generation. ExxonMobil Country...

The life of a well: Part 1

Millions of wells have been drilled since US explorers launched the modern oil industry a century and a half ago. In those 150 years, technology advances have gradually improved the chances that wells will find oil and gas, and...

US team arriving Wednesday in Guyana to finalise oil spill response plan

A team comprising members of the United States Coast Guard (USGS) and the US Department of Interior (DOI) will be in Guyana from September 6 – 8 to help finalise Guyana’s National Oil Spill Emergency Plan. The team will be visiting Guyana...

Countrywide discussions on local content framework begin Wednesday in Guyana

The Petroleum Department of Guyana's Ministry of Natural Resources will on Wednesday host a stakeholder engagement on the draft Local Content Policy framework. The draft framework has been under review by stakeholders over the past few months. Author of the document, Trinidadian...

Gov’t, Exxon need to sit down and decide on disclosures – Trotman

The Guyana government and US super-major ExxonMobil will need to sit down and chart a way forward regarding the disclosure of information related to agreements for petroleum exploration and production in the South American country. Guyana’s Minister of Natural Resources,...

Oil will be produced from 8 wells in Liza Phase 1 development

The Liza Phase 1 development project will see a total of 17 wells being drilled, eight of which will produce oil, while six will be used for water injection and three for gas injection. Gas and water are reinjected to...

“We’re gonna keep looking for more oil” – Exxon Operations Manager

Encouraged by positive results from several drill campaigns offshore Guyana which saw the largest discovery being made for 2015, ExxonMobil has vowed to continue its search for more oil in the South American country. The Liza 1 discovery, estimated to...

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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...