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‘Strategic shift in vision’ delivered Guyana’s largest shore base, now 10 years old   

OilNOW -
Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business. But following ExxonMobil’s worldclass...
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Oil money to boost Guyana’s debt profile, budget financing over next decade – IMF

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In its most recent economic review of Guyana, the International Monetary Fund (IMF) has predicted a transformative shift in Guyana's budget financing and debt dynamics over the next decade, from 2023 to 2033, propelled by a significant surge in...
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MODEC, Toray Industries pioneer innovative technique for FPSO and FSO corrosion repair

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MODEC, in collaboration with Toray Industries, has unveiled a carbon fiber-reinforced plastic (CFRP) patch technique designed specifically for repairs on floating production, storage and offloading (FPSO) and floating storage and offloading (FSO) systems. As part of its FPSO and FSO...
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Photos: Guyana’s US$100 million oil & gas and hospitality college for 2024 opening

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The Guyana Technical Training College Incorporated (GTTCI) is set to launch operations by next year, with the first phase nearing completion this quarter. The government of Guyana and ExxonMobil are the major partners in this venture. SBM Offshore is...
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“Our business is risk management” – says ExxonMobil Guyana President

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President of ExxonMobil Guyana, Alistair Routledge says managing risk is a key component of the oil and gas business and is part of the normal operations of companies in the industry. Exxon has prided itself in being able to...
Discoveries

Guyana delivered 800 million boe in 2023 compared to 3.4 billion last year

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Twenty-twenty two was hailed as the most successful year for exploration in Guyana's history, marked by a total of nine discoveries in the Stabroek Block and a significant find in the Corentyne Block. This year, the pace has slowed,...
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Halliburton seeks maintenance service providers for liquid mud plant in Guyana

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Oil service company, Halliburton, has issued a public request for information (RFI) seeking maintenance service providers for its liquid mud plant in Guyana. The scope of the requested services revolves around executing the monthly preventive maintenance schedule for all...
Discoveries

Guyana is now a major competitive, policy-friendly player in global deepwater arena

OilNOW -
A massive infrastructure transformation and construction boom in South America’s lone English-speaking country are the most visible signs of the nation’s newfound wealth which is being delivered by huge oil fields under development offshore. And the latest World Economic...
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Canada says it strongly supports Guyana’s territorial integrity

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In a recent statement by Global Affairs Canada, the Canadian government reaffirmed its strong support for Guyana's territorial integrity amid the ongoing border controversy with Venezuela.  “Canada has been closely monitoring recent developments following the consultative referendum on the Essequibo...
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Guyana EITI says report on fiscal year 2021 will be out before yearend

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The Guyana Extractive Industries Transparency Initiative (GYEITI) has announced the forthcoming release of its fiscal year 2021 report, which is expected to be published on or before December 31, 2023. This announcement coincides with the launch of the organization’s...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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