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SBM Offshore signs MOU with Exxon for future Guyana FPSO

Dutch floater specialist SBM Offshore has signed an MoU with ExxonMobil Guyana for construction of a multi-purpose floater hull for use on a future floating production storage and offloading (FPSO) project. SBM made the announcement today via its LinkedIn page. “ExxonMobil and...

Oil sector exceeds 2022 targets for training, hiring Guyanese – Dr. Pertab

Head of Guyana’s Local Content Secretariat, Dr. Martin Pertab shared during the opening ceremony of the Guyana Supplier Forum 2022, that the oil and gas sector has exceeded targets set for the training and hiring of Guyanese nationals to...

Guyana issues third notification to Parliament of all revenues paid into oil account

The Guyana government on Monday issued its third notification to the National Assembly of all revenues deposited into the Natural Resource Fund (NRF). This notification was presented by Senior Finance Minister, Dr. Ashni Singh for the period July 1, 2022,...

Guyana can take up role as global leader on food security at COP27

Though energy security and independence will be top of mind at the 27th United Nations Climate Change Conference, also known as COP27, Guyana has a golden opportunity to establish itself as a global leader on another critical but interlinked matter—food...

EU to grant €5 million to Guyana in major forest pact

Guyana and the European Union (EU) signed a landmark Memorandum of Understanding (MoU) on the sidelines of COP27 in Egypt on Tuesday for the provision of €5 million to advance forest governance programmes. The “Forest Partnership Memorandum of Understanding” was signed by the President of the European Commission,...

Exxon makes first oil discovery in Angola Block 15 in 20 years

Guyana isn’t the only country where ExxonMobil is accumulating discoveries. The company has made its 18th discovery of oil in Angola Block 15, and its first in 20 years, with the recent announcement of an oil find at the...

This is Guyana’s resource, and we are here as guests – Exxon President

At the opening of the first day of the 2022 Guyana Supplier Forum, ExxonMobil Guyana President, Alistair Routledge said the oil major endeavours to create a prosperous and sustainable future for the South American country. Categorically, he said to the packed...

Exxon’s largest Supplier Forum in Guyana opens today

ExxonMobil Guyana and the Centre for Local Business Development are launching the highly anticipated Guyana Supplier Forum today at the Leonora Stadium (National Track and Field Facility), West Coast Demerara. The event will run until Wednesday. On Monday, companies, among the...

Guyana tax regulator on hunt for 36 specialists to boost oil audits, data analysis, monitoring

The Guyana Revenue Authority (GRA) is on the hunt for at least 36 specialists for its Petroleum Revenue Department. These experts would add to the 31 already on staff and boost the agency’s capability to conduct petroleum tax audits,...

Leaders of world’s largest emitters a no-show at COP27

Approximately 90 world leaders are attending COP27 in Sharm El-Sheikh, Egypt from November 6 to 18, 2022. However, key figureheads from some of the globe’s most polluting States are not on the list of attendees. Significantly, the world’s largest emitter,...

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Petrobras production hiked 3.7% in Q1 

Petrobras' average production of oil, natural gas liquids (NGL) and natural gas in the first quarter of 2024 reached...