News

Guyana's burgeoning role in the global oil industry is taking shape, with ExxonMobil's investments poised to transform the country's economic landscape, according to the company’s Vice President and Business Services Manager, Phillip Rietema. He made an appearance on the...

Guyana’s Natural Resource Fund (NRF) received US$246 million (GY$51.3 billion) in revenue from oil sales in June, government data shows. The funds were paid for three lifts of Guyana’s crude entitlement from the ExxonMobil-operated Stabroek Block.  The NRF received:  US$81.6 million (GY$17...

Noble Corporation is seeking detailed information from qualified vendors for trucking services in Guyana.  Noble Bob Douglas continues development drilling at Yellowtail site | OilNOW  The scope of services includes daily trucking tasks such as transporting offshore supply containers to and...

SBM Offshore Guyana’s trainee technicians have completed their training at the Facility Simulator (FacTor) Unit of the Guyana Technical Training College Incorporated (GTTCI). A small ceremony on July 5 at GTTCI in Port Mourant, Berbice, honored the trainees. The 24...

ExxonMobil Guyana Limited (EMGL) has issued a request for information (RFI) for Waste Management Services, focusing on waste oil, hazardous waste, and non-hazardous waste.  EMGL aims to evaluate the services and capabilities of potential suppliers to manage these waste types...

Petrobras has signed an agreement with Brazil’s antitrust authority Cade, amending its natural gas and refining divestment deals. These deals, originally inked in 2019 during Jair Bolsonaro's administration, aimed to reduce Petrobras' dominant market position. In a statement, Petrobras affirmed...

As Guyana considers a second auction of offshore oil exploration licenses, the government may be open to easing some terms in its model petroleum contracts, to attract more investors.  During a Thursday press conference, Vice President Bharrat Jagdeo explained that...

The Gas to Energy project in Guyana will feature a state-of-the-art control center in Eccles, East Bank Demerara, to improve nationwide power reliability. This center will employ real-time monitoring to identify and address power outages promptly. Vice President Bharrat Jagdeo...

SLB has secured a contract from TotalEnergies for its OneSubsea™ joint venture to deliver a 13-well Subsea Production System for the Kaminho project, offshore Angola. The project will be developed in two phases for the Cameia and Golfinho discoveries,...

The fiscal regime of the Stabroek Block Production Sharing Agreement (PSA) continues to be a key factor behind ExxonMobil's decision to continue investing billions of U.S. dollars into Guyana. So says Vice President and Business Services Manager at ExxonMobil Guyana...