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Guyana will change “beyond all recognition” – Greg Quinn

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British High Commissioner to Guyana, Greg Quinn, says the South American country is about to experience a transformation “beyond all recognition,” with a more affluent consumer base and growing economic opportunities for its population of just over 770,000. Quinn was...
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‘EPA must safeguard our interest but must not be a barrier to investment’ – Vice President

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While the role of the Environmental Protection Agency (EPA) in protecting the interest and wellbeing of the nation is regarded as a most important one, it must do so in a manner that facilitate, rather than curtail investments. Guyana’s...
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T&T’s National Energy says low natural gas volume scenarios affected its projects

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Trinidad and Tobago’s State-owned National Energy is said to have only delivered one project in the last twelve years and none in the last five years. This is according to a report in the Trinidad Guardian on Thursday. Noting that...
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Petrobras-led Libra Consortium awards TechnipFMC ‘large’ contract

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TechnipFMC is reporting that it has been awarded a large contract for Engineering, Procurement, Construction, and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium. That consortium, which was formed by Petrobras,...
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Kuwait will not be able to pay salaries after November

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The oil-rich Gulf state of Kuwait will not have sufficient funds to cover public servants’ salaries after November, Finance Minister Barak Al-Sheetan warned parliament on Wednesday. According to Bloomberg, Al-Sheetan confirmed that his country’s government is withdrawing from its General Reserve...
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Democrats cut fossil-fuel promises from party platform in snub to climate activists

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(Bloomberg) --Day three of the Democratic National Convention on Wednesday featured meetings of the Black and Hispanic caucuses, the run-up to Senator Kamala Harris’s primetime speech, and delicate attempts by the Democratic National Committee and Joe Biden’s presidential campaign...
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ExxonMobil limiting oil production after encountering additional challenges with gas compressor

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Additional challenges with the gas handling system on the Liza Destiny FPSO has resulted in ExxonMobil taking a decision to limit oil production in order to curb flaring. Despite the challenges, the company says it is continuing to safely...
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ExxonMobil seeking ‘appropriate resolution’ as EPA threatens court action over fine

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Guyana’s Environmental Protection Agency (EPA) says it will be moving to the court soon as a result of ExxonMobil’s decision not to pay the fine imposed over hydraulic fluid spills that occurred earlier this year at the offshore Stabroek...
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Over 3 million bpd to be sanctioned in Guyana, Brazil even as industry takes a hit globally

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Oil projects off the coast of South America have lower breakeven prices and competitive payback times in comparison to similar projects in other parts of the world, which makes them more resilient in the current turbulent times, Norway-based Rystad...
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Complex crew change completed successfully for Liza Destiny FPSO

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UK-based ship management company, V.Ships, has supported SBM Offshore with a complex crew change for the Liza Destiny FPSO, relieving the last batch of 8 crew members. The Onsigners had arrived 2 weeks earlier, completed their quarantine ashore at Georgetown,...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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