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John Fernandes Ltd. expands reach in oil sector with plans to construct storage facility

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Guyanese shipping company John Fernandes Ltd. is looking to extend its reach in the oil and gas sector with the construction of a storage facility. John Fernandes Ltd. has already been building its oil and gas portfolio by providing...
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Monitoring crude lifts was part of major focus for Guyana standards bureau this year

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The Guyana National Bureau of Standards (GNBS) says 2020 has been a successful year ranging from its responsibility to monitor the million-barrel oil lifts offshore to prepping companies onshore for opportunities in the oil and gas sector. According to a...
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China could become world’s biggest refiner by 2025

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(S&P Global Platts) Sinopec's Economics & Development Research Institute, or EDRI, foresee China becoming the world's top refiner with about 1 billion mt/year, or 20 million b/d, of capacity by 2025, its vice general engineer Ke Xiaoming said at...
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Up-skilling of Guyanese has accelerated in the last two years – Lars Mangal

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The capabilities of Guyanese businesses in providing services to the emerging oil and gas sector have accelerated over the last two years as more companies move towards building capacity and improving their standards. In an article published in The Essential...
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Entrepreneurs positioning Guyanese businesses for oil and gas bonanza

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A local online marketplace, aptly named Online Guyana (www.online.gy), was launched last week and is offering Guyanese companies the opportunity to market their products online. In a press update, the company said as the world, and Guyana, adjust to the...
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Liza Destiny flaring reduced to ‘pilot levels’ as gas compression system fixed – ExxonMobil

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Flaring at the Liza Destiny FPSO has been reduced to pilot levels and the vessel is now producing oil at full capacity of 120,000 barrels per day. The FPSO, designed to ensure there is no routine flaring in its...
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Guyana oil output hits 120,000 bpd as country celebrates 1st anniversary as producer

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Today marks one year since Guyana began producing oil. ExxonMobil Guyana said it is celebrating this significant milestone as the Liza Destiny floating production storage and offloading (FPSO) vessel reached full capacity of 120,000 barrels of oil per day...
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One year later Guyana now firmly established as an oil producer

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Exactly 12 months have gone by since Guyana produced its first barrel of oil at the offshore Stabroek block where US oil major ExxonMobil is operator. This milestone came just under five years from the world-class Liza discovery in...
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Farm-ins are routine in the oil and gas industry, ‘first movers’ take risks – expert says

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‘First movers’ and their small independent partners/companies take risks in acquiring exploration licenses for offshore blocks, as there is no guarantee that they will find a large partner to farm into these blocks. This is according to President of...
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ExxonMobil building strong partnerships, sees Guyana capacity growing – Routledge

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Building strong partnerships with key stakeholders in Guyana and supporting the development of local business have been areas of special interest for ExxonMobil in its operations in the South American country. This is according to President of ExxonMobil Guyana, Alistair...
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ExxonMobil drilling Hamlet-1 well in gas-rich southeastern Stabroek Block

ExxonMobil has started drilling the Hamlet-1 exploration well in the southeastern section of Guyana’s Stabroek Block. This area near...

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