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New Flash Gas Compressor to be installed on Liza Destiny FPSO by mid-year – Exxon

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While the third-stage Flash Gas Compressor (FGC) on the Liza Destiny FPSO continues to operate steadily, ExxonMobil Guyana said on Friday that upgrades on the new replacement equipment are still advancing, with the installation date now set for mid-year. The...
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Over 4,000 Guyanese to be trained for work in oil & gas

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The Guyana government has allocated GY$420.5 million (US$2.1 million) this year to train Guyanese for jobs in the country’s rapidly expanding oil and gas sector. This was announced by Senior Minister in the Office of the President with responsibility...
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Guyana preparing for ‘every likely scenario’ in oil spill response training

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In keeping with the objective of assessing oil spill-related events on Guyana’s coast, the United States Coast Guard (USCG) in collaboration with the U.S. State Department this week concluded a three-day workshop with members of Guyana’s National Oil Spill...
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Energy Chamber welcomes ‘one of Guyana’s most compelling national budgets’

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The Guyana Oil and Gas Energy Chamber (GOGEC) said on Friday it welcomed the country’s 2022 National Budget presented this week, reflecting the government’s commitment to ‘creating a progressive and equitable society’ for all Guyanese. “GOGEC wishes to thank the...
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Explorers probing deeper targets to add bigger volumes in Guyana hotspot

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For 2022, Hess Corporation’s Chief Operating Officer (COO), Greg Hill said a number of exploration wells are planned for the Stabroek Block. During the company’s Q4 2021 Earnings Call, he said these include Barreleye-1, located approximately 20 miles southeast of Liza. Hill...
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Oil nation Guyana set to export pre-built wooden houses to West Africa

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The idea of Guyana exporting houses to other countries using local wood was put forward by President Irfaan Ali sometime last year. But this has now born fruit as the government is set to export some 120 pre-built houses to Ghana...
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Hess upbeat on earnings as drill campaigns move forward at Stabroek Block

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American exploration and production multinational, Hess Corporation, reported on Wednesday said that it had a net income of US$265 million, or US$0.85 per share, in the fourth quarter of 2021, compared with a net loss of US$97 million, or...
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Oil to drive historic 47.5% GDP growth for Guyana; world’s highest forecast for 2022 – finance minister

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Senior Minister with responsibility for Finance in Guyana, Dr. Ashni Singh disclosed on Wednesday during the reading of the GY$552.9 billion (US$2.76 billion) 2022 national budget that Guyana’s real GDP is projected to grow by 47.5 percent; a rate...
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Deepwater action pushing major shorebase developments in Guyana

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More shorebase facilities are being developed to serve Guyana’s rapidly expanding oil and gas sector with construction set to commence on two more projects on the West Bank of Demerara sometime this year. Senior Minister with responsibility for Finance, Dr....
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Guyana’s energy sector gets GY$29.4B in National Budget to kick start hydropower, solar projects

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Guyana’s industrial development has been stymied by “inadequate, unreliable, costly, and environmentally unfriendly energy” for too long but with some GY$29.4 billion (US$147 million) set aside for the country’s energy sector, that is about to change. Senior Minister with responsibility...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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