News

Qualco partners with three Guyanese companies to offer expanded oil and gas services

Quality Companies LLC, with its local affiliate Qualco Guyana, has joined forces with three Guyanese companies – HHSL Safety Systems Guyana Inc., Nexus Machining & Fabrication and Latitude Geospatial – to increase its service offers to Guyana’s nascent oil...

Jagdeo defends Exxon recovering cost of Ogle facility

Vice President Dr. Bharrat Jagdeo last Friday defended the government’s position to support ExxonMobil recovering the US$160 million cost of its Guyana onshore facility, through the cost oil mechanism in the Stabroek Block Production Sharing Agreement (PSA). ExxonMobil Guyana President,...

Exxon’s new US$160M Guyana base to feature state-of-the-art offshore command centre

An offshore command centre is being built within ExxonMobil Guyana’s new operating base, currently under construction at Ogle, East Coast Demerara. Its President, Alistair Routledge told a news conference on Feb. 9 that the building – which recently gained the...

Transocean to buy stake in deep sea mineral explorer, in support of energy transition

Transocean said that one of its wholly owned subsidiaries has agreed to invest in Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling interest in the company. GSR is the deep-sea mineral exploratory division of DEME Group NV...

‘Don’t ask me the question a hundred times!’ – Ali says Exxon contract stays

Guyana President Dr. Mohamed Irfaan Ali said Friday that discourse in Guyana about the Stabroek Block Production Sharing Agreement (PSA), particularly the call for renegotiation, has become one of obsession and paranoia. “Don’t ask me the question a hundred times,”...

Guyana’s largest shorebase commissions US$25 million expansion of Houston operation

Guyana Shore Base Inc. (GYSBI) commissioned its heavy lift berths and “Commander in Chief” Crane on Friday at its Houston compound. Engineering Manager, Bhageshwar Murli, said the expansion cost US$25 million. The four berths form part of 1,400 feet of waterfront...

FID on Guyana gas project will follow revision of Liza license – Exxon

ExxonMobil is gearing up to commence construction on the Gas-to-Energy pipeline and associated infrastructure for the Gas-to-Energy project in Guyana as soon as all regulatory hurdles are cleared. President of ExxonMobil Guyana, Alistair Routledge said the company submitted revisions to...

Guyanese firm becomes only IRATA-approved training company in-country

Guyanese firm, Panthera Solutions Inc., said it has achieved Industrial Rope Access Trade Association (IRATA) certification, the first such case in-country. Panthera, which describes itself as a leading provider of offshore maintenance services and equipment in the oil and gas...

Public meetings to relay findings of impact study for Exxon’s 5th Guyana project

ExxonMobil Guyana has announced another round of public meetings earmarked for the Guyana coast, as it pursues environmental authorisation for the Uaru development project. This time, the meetings will raise awareness about the findings of the recently completed Environmental Impact...

Exxon awaiting final terms for new PSC to decide on Guyana bid round

ExxonMobil Guyana President Alistair Routledge said Thursday that the company has registered for the offshore licensing round the government launched in December. “We’re always interested in new acreage,” he said during a media conference in Georgetown. “And clearly, we’ve had...

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‘Entirely misleading’ – ExxonMobil rejects media comparisons of IFRS profits and oil profit share

ExxonMobil Guyana’s Vice President and Chief Financial Officer, John A. Colling, has rejected recent claims in the local media...