News

MODEC, Toray Industries pioneer innovative technique for FPSO and FSO corrosion repair

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...

Photos: Guyana’s US$100 million oil & gas and hospitality college for 2024 opening

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...

“Our business is risk management” – says ExxonMobil Guyana President

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...

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

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,...

Halliburton seeks maintenance service providers for liquid mud plant in Guyana

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...

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

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...

Canada says it strongly supports Guyana’s territorial integrity

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...

Guyana EITI says report on fiscal year 2021 will be out before yearend

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...

TotalEnergies in JV to develop 1,500-MW hydropower project for Mozambique

TotalEnergies and partners EDF and Sumitomo Corporation have embarked on a joint venture to develop the Mphanda Nkuwa hydropower project (MNK). The consortium, comprising EDF (40%), TotalEnergies (30%), and Sumitomo Corporation (30%), has been chosen by the Mozambican government...

Noble Innovator jackup gets contract extension with bp in North Sea

Noble Corporation said bp has exercised an option to add one well to the work scope of the ultra-harsh environment jackup rig Noble Innovator in the United Kingdom North Sea.  The Noble Innovator is currently operating for bp in the...

Latest News

Payara crude holds slight price premium over other Stabroek Block grades

Payara Gold crude from ExxonMobil’s third Guyana oil development has consistently traded at a marginal premium to its other...