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Guyana offshore driller Stena enters major partnership for decarbonization exploration

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Stena Drilling, the company that operates the Stena Carron rig currently exploring for hydrocarbons offshore Guyana, has entered into a strategic framework agreement for decarbonisation exploration with UK based dCarbonX to support the development of offshore “geoenergy” resources. Both parties...
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Guyanese companies being prioritised for contracts as Schlumberger pursues major expansion

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Oilfield Services Company Schlumberger is pursuing an aggressive local content programme that will see employment opportunities opening up for Guyanese as well as priority being given to local companies for a number of upcoming tenders. Schlumberger is the world’s largest...
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Exxon reports steady progress in Guyana’s supplier-base, workforce capacity

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ExxonMobil Guyana asserted on Tuesday that the South American country has made steady progress in the expansion of the nation’s capacity to build a skilled workforce and create a competitive supplier base to support its oil and gas operations. The...
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Venezuela releases Guyanese fishing vessels, crew

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Venezuelan authorities have released the two Guyanese fishing vessels and 12 crew members that were detained almost two weeks ago by its navy. Guyana has maintained that the vessels were operating well within its waters at the time of...
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ExxonMobil launches new company to advance low carbon portfolio, reduce emissions

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ExxonMobil, operator of three deepwater blocks offshore Guyana, has announced the creation of a new business – ExxonMobil Low Carbon Solutions (ELCS) – which will be used to commercialize its extensive low-carbon technology portfolio. According to the oil major,...
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Exxon reports US$20.1 billion loss for Q4 2020 in most challenging year to date

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U.S. oil major, ExxonMobil on Tuesday reported an estimated fourth quarter (Q4) 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. The company said Q4 capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4...
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Gas-to-shore could transform Guyana into regional manufacturing powerhouse

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The plans by the Guyana government to land a natural gas pipeline at Wales, on the West Bank of Demerara (WBD) is expected to have a transformational effect on manufacturing, and result in the sector becoming more competitive regionally....
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Guyana pushing Sustainable Supply Chain Management policy

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Guyana’s local content policy, which is currently being revised, will require oil industry operators to adopt Sustainable Supply Chain Management (SSCM) practices, and a planned Local Content Secretariat will coordinate all related activities at a national level. Giving the background...
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Gaico worker killed in accident at shorebase facility

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On Monday, Royston Souvenir, a worker attached to Gaico Construction and General Services Inc. was killed in an accident while on duty at the Guyana Shore Base Inc. (GYSBI). Reports indicate that the accident occurred around 12:30 pm when Souvenir...
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Venezuela bumps up January oil production by 100,000 b/d to surpass half-million b/d mark

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Average crude output by Venezuela's state-owned PDVSA and its foreign partners in January rose to 520,000 b/d, or 100,000 b/d more than December, according to daily production reports reviewed by S&P Global Platts. Also, the preliminary average of Venezuelan crude...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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