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Flash gas compressor arrives offshore, experts on stand-by for reinstallation

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ExxonMobil Guyana said on Saturday the flash gas compressor has arrived offshore for reinstallation on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel after undergoing repairs and upgrades in Germany. “The repaired and upgraded flash gas compressor and...
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Average size of each Guyana oil discovery is 300 million barrels

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New oil producer Guyana has been at the top of the global list for discovered resources since U.S oil major ExxonMobil made its first world class discovery in 2015. The company has made a total of 18 discoveries out...
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Top upcoming oil producer in western hemisphere urged to create level playing field for foreign investors

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Guyana is on a transformational journey as a result of the benefits of the oil and gas industry, and the United States’ Ambassador to Guyana, Sarah Ann-Lynch says that key to the country’s balanced growth is the creation of...
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Guyana court orders Kaieteur News to pay former President GY$20 million over false oil blocks claims

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Former Guyana President, Donald Ramotar has been awarded GY$20 million (approximately US$96,000) in damages by High Court Judge, Justice Navindra Singh in his defamation suit against Kaieteur News and its sister company Kaieteur Radio, Publisher Glenn Lall and the...
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Norway energy research group projecting record-breaking year for Guyana deepwater

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Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-operated Canje block last week revealed that the first wildcat in the license failed to deliver. However, Rystad Energy expects exploration activity in the country...
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Exxon firms up contract coverage for Noble drill ships targeting Guyana operations

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U.S oil major ExxonMobil has firmed up contract coverage for several Noble rigs under the Commercial Enabling Agreement it has with the drill company for operations in the Guyana-Suriname basin. The agreement defines contract terms for the continuation of...
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Access to financing for Guyanese businesses high on CLBD’s agenda, new options proposed to banks

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The Centre for Local Business Development (CLBD) has been making progress in its talks with banking institutions in Guyana regarding access to financing for businesses operating in the oil and gas industry. The Centre’s Director Dr. Natasha Gaskin-Peters said this...
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Exxon’s Guyana, Permian Basin Assets worth more than its market capitalization

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By The Value Portfolio (Published on Seeking Alpha) Exxon Mobil (NYSE: XOM) is one of the largest publicly traded oil companies in the world. The company has recovered admirably from its COVID-19 lows towards a market capitalization of ~$260 billion. However, it's...
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Brent crude hits 22-month high

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(S&P Global Platts) Crude futures rallied nearly 3% March 11 amid a rising tide of bullish sentiment fueled by improved second-half 2021 outlooks. NYMEX April WTI settled $1.58 higher at $66.02/b, and ICE May Brent climbed $1.72/b to $69.62/b. In its...
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Shell appoints Andrew Mackenzie as new chair

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(S&P Global Platts) Shell has appointed Andrew Mackenzie, former CEO of mining giant BHP and a former senior leader at BP to take over as chairman starting May, as the Anglo-Dutch major pursues a new transition strategy, it said...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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