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Women-led businesses in Guyana determined to tap into growing economic opportunities

OilNOW -
The economic transition being forecast for Guyana is bringing with it significant prospects and women entrepreneurs in the new oil producing country are determined to ensure they are well positioned to benefit from these opportunities. The Women’s Chamber of Commerce...
News

Higher reservoir performance activities in Guyana help bump up Schlumberger Q2 revenue

OilNOW -
Oilfield Services Company Schlumberger says its performance in the second quarter of 2021 marks a leap forward in achieving its full-year financial targets with the potential for further upside given the right conditions. Second-quarter global revenue grew 8% sequentially, outperforming...
Exploration

Exxon says goal is to have 75% Guyanese workforce on each FPSO

OilNOW -
ExxonMobil Guyana says it has been pursuing various initiatives to ensure hundreds of Guyanese are able to take up leading roles in supporting the operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel. Public and Government Affairs Advisor, Janelle Persaud, disclosed...
News

Oil falls by $1 amid fuel demand concerns

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(Reuters) - Oil prices fell $1 on Monday as concerns about fuel demand caused by the spread of COVID-19 variantsas well aschanges to import rules in China offset expectations of tight supplies through the rest of the year. Brent crude...
News

New awards boost Suriname’s potential as major oil producing country, says Rystad Energy

OilNOW -
The results of Suriname’s keenly watched shallow-water licensing round where three of the eight offered blocks were awarded to international big-name companies will soon lead to a flurry of activity off the country’s coast. One block was awarded to Chevron...
News

Guyana moving forward with large-scale hydro project at remote waterfall

OilNOW -
In addition to moving ahead with plans for a gas-to-energy project which is expected to start up in 2024, the Guyana government announced on Friday that it is seeking a developer for a largescale hydropower facility at the remote...
News

Local firm among 5 vying to audit Exxon’s costs

OilNOW -
A lone Guyanese registered auditing firm was among the list of several international companies that submitted proposals to conduct consultancy services for cost recovery audit and validation of Guyana’s profit oil share for the period January 2018 to December...
News

Gas-to-energy project: Guyanese will be at forefront of construction, operation

OilNOW -
ExxonMobil will be hiring Guyanese to work on the construction of the gas-to-energy project which is expected to take off next year once the relevant approvals are granted by the Environmental Protection Agency (EPA) and Guyana government. The company has...
News

Industry’s largest subsea fiber optic sensing project being developed for Payara

OilNOW -
A state-of-the-art Subsea Fiber Optic Solution technology which ExxonMobil has selected for its third major deepwater project offshore Guyana is the largest the industry has seen to date. This is according to TechnipFMC, who along with Halliburton, introduced the...
News

Pemex struggling to meet own goals as private companies hit production record

OilNOW -
(S&P Global Platts)  Crude production by private operators in Mexico reached a new record in June as state oil company Pemex struggles to stop the decline of its own output, official data shows. Independent exploration and production companies increased their...
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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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