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Exxon sent out 35 letters seeking new partners after Shell walked away from Stabroek Block

Before China National Offshore Oil Corporation (CNOOC) and Hess Corp. partnered with ExxonMobil to become the Stabroek Block co-venturers we know today, there was Shell. The British multinational held a 50% stake with Exxon, but the company opted to leave...

Guyana’s largest shore base, sister company receive approval for Local Content Master Plans

The largest shore base in South America’s newest oil and gas hotspot, Guyana Shore Base Inc. (GYSBI), and its sister company, Sustainable Environmental Solutions (SES), on October 19 had their Local Content Master Plans approved by the Ministry of...

Ramps at risk of losing US$25Ā millionĀ Exxon contract, laying off 100 workers without Local Content Certificate – court documents

If Ramps Logistics Guyana Inc. is not granted a Local Content Certificate of Registration,Ā it will likely loseĀ significant contracts with major industry players like ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to court filings which form part of...

New local catering consortium to get tax waivers for Guyana oil sector market

Guyana’s government is working to see major local caterers tap into the multi-million-dollar catering industry for the nation's petroleum sector. To achieve this, the Minister of Natural Resources Vickram Bharrat; Director of the Local Content Secretariat Martin Pertab and other...

Exxon joins Guyana court case in defense of its Liza Phase 1 permit

ExxonMobilĀ affiliate,Ā Esso Exploration and Production Guyana Limited (EEPGL), hasĀ been granted a court order to joinĀ proceedings in a suit brought to the Guyana Supreme Court that challenges the validity of its Liza Phase 1 environmental permit. Danuta Radzik, a local activist and...

PETRONAS implements Halliburton’s well construction technology

Halliburton Company announced Thursday the implementation of the Halliburton Digital Well Program® and Digital Well Operation DecisionSpace® 365 cloud solutions as the foundation for PETRONAS enterprise digital Well Integrated Operation (WIO). The selection marks the culmination of a two-year technology assessment with multiple technology providers. Halliburton said...

Guyana engaging Facebook for removal of false maps, information about its border with Venezuela

Representatives of the government of Guyana on October 19 met with senior personnel from popular social media platform, Facebook, the state information arm said. The parties, in a virtual meeting, discussed the removal of illegal maps and false narratives...

Saipem awarded largest single offshore contract in its history

Encompassing two offshore gas compression complexes in Qatar, Italian oilfield services company Saipem said on Wednesday it has been awarded the largest single offshore contract by total value in its history. The agreement was made with Qatargas for theĀ North...

Some Guyana offshore blocks reserved for government-to-government partnerships – Ali

President of Guyana Dr. Mohamed Irfaan Ali said Tuesday that some of the country’s offshore oil blocks have been set aside for state partnerships. ā€œWe’re going to move to the auctioning of some blocks, and we have some blocks that...

Ramps Guyana subsidiary talks up achievements ahead of court hearing for Local Content Certificate

El Dorado Offshore (EDO), a subsidiary of Ramps Logistics Guyana Inc, proudly informed industry stakeholdersĀ in a press releaseĀ that it has created more than 400 job opportunities for citizens. The affiliate company sees this as a noteworthy feat considering that it...

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Eni, Repsol deal targets 645 mcf/d domestic supply at Venezuela’s Perla field ahead of 2031 exports

Eni and Repsol have reached an agreement with Venezuela to increase domestic gas supply from the Perla offshore field...