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Georgetown, Louisiana businesses to explore partnerships

OilNOW -
The Georgetown Chamber of Commerce & Industry (GCCI), a key private sector group in Guyana, signed a Memorandum of Understanding (MOU) with the South Louisiana Economic Council (SLEC) at the Annual Offshore Technology Conference in Houston, Texas. This move,...
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Revision of Liza development plan complete – Jagdeo

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Guyana's Vice President Dr. Bharrat Jagdeo said April 27 that the review of the field development plan for the Liza project has been completed, to give effect to the Gas-to-Energy (GTE) project.  “The field development plan for Liza has been...
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Uaru development to be first use of TechnipFMC’s Subsea 2.0™ system by ExxonMobil

OilNOW -
Oil and gas engineering firm TechnipFMC has been awarded a large contract to provide the subsea production system for ExxonMobil Guyana's Uaru project. The contract covers the supply of 44 subsea trees, 12 manifolds, and associated equipment. This is the...
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UPDATE: Venezuela Chamber meeting was courtesy visit – GO-INVEST

OilNOW -
Guyana Office for Investment (GO-INVEST) said Tuesday that a meeting held with the Venezuela Chamber of Petroleum was merely a courtesy visit with no substantive outcome at this juncture.  GO-INVEST had posted about the meet which occurred on April 1...
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Dutch FPSO builder SBM Offshore in 10-year maintenance deal with Stabroek Block operator

OilNOW -
SBM Offshore has announced a new 10-year Operations and Maintenance Enabling Agreement with ExxonMobil Guyana, for the operations and maintenance of floating production, storage and offloading (FPSO) vessels Liza Destiny, Liza Unity, Prosperity and ONE GUYANA.  This agreement has set...
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Exxon’s Texas refinery now second largest in US

OilNOW -
American multinational, ExxonMobil Corporation disclosed on April 28 that its Beaumont refinery in Texas is now the second largest in the United States (US) on account of a 250,000 barrel-per-day expansion project. The refinery now has a processing capacity...
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Nearly 1,000 unique Guyanese suppliers involved in Exxon’s operations

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ExxonMobil Guyana said more than 5,000 Guyanese nationals are supporting its operations as its projects continue to drive growth in the world's fastest growing economy. Exxon said too that its operations, including the work of its key contractors, are...
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Guyana maintains presence at prestigious offshore conference

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The Guyana Pavilion at the Offshore Technology Conference 2023 (OTC), was officially opened on the morning of May 1 with a symbolic ribbon-cutting ceremony. Guyana has been one of the main newcomers at the show in recent years. The...
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No production target impacts expected as Petrobras delays project start-ups 

OilNOW -
Brazil’s state-owned Petrobras has delayed the start-up of three floating production, storage and offloading (FPSO) vessels as its new energy strategy is being crafted.  Petrobras said that first oil dates for the Almirante Tamandaré FPSO and Maria Quiteria FPSO are...
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Total nets US$4.9B in cash flow for Q1 2023

OilNOW -
TotalEnergies has announced a profit of US$5.6 billion for the first quarter of 2023. With the lower oil and gas prices, the company has achieved a return on average capital employed of 25% and cash flow of US$9.6 billion. Exploration...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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