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Thousands of individuals, local companies gaining from capacity building, training for oil and gas opportunities

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More local companies are registering on the Centre for Local Business Development’s Supplier Registration Portal and benefitting from training and capacity building being provided by the Centre. “To date, over 2900 Guyanese companies have registered on the Centre’s Supplier Registration...
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Guyana using its foreign policy to strengthen relationship with old allies, build new partnerships with oil producing nations

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By Wazim Mowla - OilNOW While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a tool to compete with others, Guyana’s has centered on promoting its economic development at home....
Exploration

Total puts brakes on drilling operations at South Africa block

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(Reuters) - French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed. The delay is...
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Overwhelming offshore demand sees Guyana Shore Base looking to extend southwards

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Just in the first quarter of this year, two additional drill ships – Noble Sam Croft and Stena DrillMAX - have been added to the ExxonMobil fleet, bringing the total to six operating offshore Guyana. These vessels along with...
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Government ‘highly disappointed’ over gas compressor issue, examining implications of revenue loss

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The Guyana government said on Wednesday it was ‘highly disappointed’ with ExxonMobil’s inability to resolve ongoing issues with the flash gas compressor system on the Liza Destiny FPSO which on three occasions since oil production began in December 2019,...
Exploration

Major expansion works at Guyana Shore Base set to pull more projects from T&T

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Just under six years since its first oil discovery and around 16 months since production began, shore base capabilities in Guyana to service the offshore operations are rapidly growing resulting in an increasing number of projects being moved from...
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Small window of opportunity remains for development of gas resources, Shell and Equinor tell Tanzania

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(S&P Global Platts) Shell and Norway's Equinor have urged the government of Tanzania to take immediate action to conclude talks on the country's planned LNG export facility, warning that the time to develop new gas resources was "limited." In an...
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Guyana lifts its 6th million-barrel oil cargo, next shipment could be affected by drop in production

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The Guyana government exported another million-barrel oil cargo this week from the Liza Destiny FPSO even as production was reduced from 120,000 barrels of oil per day (bpd) to around 30,000 bpd due to additional issues encountered with the...
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Venezuela would have to think many times before blocking use of Stabroek block resources – Advisor

OilNOW -
The emergence of the oil industry has unequivocally refashioned Guyana's geopolitical importance. But every rise to stardom in the petroleum world will bring its fair share of challenges. In Guyana's case, the issue of great concern remains Venezuela. The...
News

Company with interest in Canje block says Jabillo well is 1-billion-barrel opportunity

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The Stena Carron initiated drilling operations at the Jabillo-1 well site at the Canje Block on March 14 as part of a three-well campaign planned this year on the acreage that is adjacent to the prolific Stabroek block where...
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Exxon committed to building local capacity – Professor Sankat

Professor Clement Sankat, Director of the Guyana Technical Training College Institute (GTTCI), has lauded ExxonMobil’s contribution to the country's...

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