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Guyana must accept it has crucial skills shortage for oil sector; temper local content expectations – Greenidge

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The reality facing Guyana, the world’s most envied deepwater exploration hotspot, is that it suffers from a crucial shortage of skills required for the oil sector. It must therefore temper its expectations as it seeks to lay down the...
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Schlumberger one step closer to setting up US$750,000 storage, calibration facility in Guyana

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Oilfield Services Company Schlumberger is one step closer to setting up a source storage and calibration facility in Guyana to support the offshore exploration and production activities in the South American country. The company had submitted an application to the...
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Frontera loans CGX US$19M to cover costs for Guyana projects

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Frontera Energy Corporation has disclosed that it loaned its joint venture partner, CGX Energy Inc., US$19 million so that it would be able to cover its share of the costs related to the Corentyne, Demerara, and Berbice blocks; the...
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Drilling company operating offshore Guyana completes major acquisition

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Noble Corporation announced Friday the completion of its acquisition of Pacific Drilling Company LLC, effective on April 15, 2021. Noble said Pacific Drilling's high specification ultra-deepwater drillship fleet further enhances its global position as an owner and operator of one...
Exploration

Time to act is now for Latin America oil producers, newcomer Guyana in position to soar

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Countries around the world including those in the Latin America and Caribbean region are taking measures to ramp up oil and gas production knowing that the window is closing for development of these resources at prices that would make...
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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

OilNOW -
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...
News

Government ‘highly disappointed’ over gas compressor issue, examining implications of revenue loss

OilNOW -
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,...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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