News

Experts finalizing recommendations for repair of discharge silencer

Reassembly of the Liza Destiny FPSO flash gas compressor sent to Germany for repairs continues at the MAN Energy Solutions workshop. ExxonMobil Guyana said on Tuesday in an operations update that over the weekend, the MAN team completed adjustments to...

GEC-X ’21 to focus on local content, energy mix

For the first time, local organisers will be fully spearheading an energy conference that is set for September 28-29, 2021, and that event—the Guyana Energy Conference and Exhibition (GEC-X ’21)—will place keen focus on Guyana’s energy mix as a...

Brazil’s Enauta restarts production well after shutting down to replace oil heaters

(S&P Global Platts) Brazilian independent oil and natural gas producer Enauta restarted a single production well at the offshore Atlanta Field, pumping about 10,400 b/d as expected, the company said Feb. 22. The 7-ATL-4HB-RJS well was restarted after swapping out...

New Goldman oil price forecast could see Guyana picking up US$75 million per lift by Q3

American multinational investment bank and financial services company Goldman Sachs in a new forecast expects Brent oil prices to reach $70 per barrel in the second quarter (Q2) of this year, up from the $60 it had previously predicted, and...

Guyana must emulate Kuwait, Qatar not T&T and Venezuela – Bharrat

The errors made by Trinidad and Tobago and Venezuela in the management of their hydrocarbon resources must be a warning to Guyana that if similar decisions are made, the failure of the economy is almost guaranteed. Guyana’s Minister of Natural...

Encouraged by Guyana discoveries, Staatsolie pushed to increase its participation in deepwater play

Suriname, through its state oil company, Staatsolie, pushed to increase its participation in offshore exploration and production activities following a string of massive oil finds made by its CARICOM sister, Guyana, since 2015. This was noted by Staatsolie's Managing...

Oil edges up as U.S. production slowly returns after deep freeze

(Reuters) Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic. Brent crude was...

Inaugural Guyana Energy Conference set for Monday launch

The inaugural Guyana Energy Conference and Exhibition (GEC-X ’21) will be officially launched on Monday, February 22, at the Pegasus Hotel in the country’s capital, Georgetown. The conference is being organized by the Georgetown Chamber of Commerce and Industry...

GLASS is latest Guyanese company to be ISO certified

Guyana Logistics and Support Services Inc. (GLASS) has become the latest Guyanese company to achieve certification for ISO 9001:2015 International Standard. The adoption of a quality management system is a strategic decision for an organization that can help to improve its...

Axial vibration of rotor resulted in gas compressor issue – ExxonMobil

ExxonMobil Guyana said in an operations update on Saturday that a detailed assessment has found that an axial vibration of the flash gas compressor rotor was the initiating event that led to the technical issue experienced on January 27...

Latest News

Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...