News

Schlumberger in search of company in Guyana for major building project

US oilfield services company, Schlumberger, is seeking a company in Guyana to supply and install foundation components for a shared Wireline and Drilling and Measurements Calibration Building. The contractor will be required to perform the supply and installation of the...

Guyana can be generating cheap electricity, producing cooking gas by mid-2020s – Kevin Ramnarine

Natural gas from Guyana’s Stabroek Block can be piped to shore by the mid-2020s for the provision of cheap and cleaner electricity and production of valuable liquids such as propane (cooking gas) and butane. ExxonMobil Guyana President, Alistair Routledge, said...

TechnipFMC seeks Guyanese firms for subsea project facilities

TechnipFMC has invited Guyanese companies to submit Expressions of Interest (EOIs) for the construction of facilities it needs to support its subsea projects related to ExxonMobil’s production activities offshore Guyana. The date for the submission of EOIs is September 13,...

Private sector bodies meet with new ExxonMobil Guyana President

Guyana’s private sector organisations recently met with ExxonMobil Guyana’s newly appointed President, Alistair Routledge, and Deedra Moe, the company’s Senior Director, Public and Government Affairs.   Shyam Nokta, President of the Guyana Manufacturing and Services Association; Captain Gerry Gouveia, Chairman...

Guyana’s President announces key appointments to advisory panel on Local Content

Guyana’s President, Dr. Mohamed Irfaan Ali, today, announced key appointments to Guyana’s Local Content Panel, which is expected to conduct expansive consultation and review and devise recommendations that will inform the country’s Local Content Policy.  “I strongly believe that Guyanese...

Guyana adds digital platform to promote agro-processing sector with G$10 million sponsorship from ExxonMobil

Vigilant about not falling prey to the resource curse or becoming dependent only on its newfound oil wealth, Guyana is strengthening its manufacturing and agro-processing infrastructure with a digital platform. The platform when launched, will facilitate information sharing, connectivity and...

Guyana ranks 3rd in the world for FPSO deployments through 2025 – GlobalData says in new report

The South American country of Guyana is expected to deploy a minimum of three more Floating Production Storage and Offloading units (FPSOs) during the period 2020-2025, placing it at number 3 in the world for floating production vessels, along...

Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil

Shell announced said Tuesday a final investment decision has been taken by the Libra Consortium, operated by Petrobras, to contract the Mero-3 floating production, storage and offloading (FPSO) vessel to be deployed at the Mero field within the offshore...

Unprecedented market challenges driving competition for scarce resources – Alistair Routledge

The ongoing COVID-19 pandemic has hit each and every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The spread of the virus has forced many oil and...

Tullow Oil lifts force majeure on main licences in Kenya

Tullow Oil has lifted its declaration of force majeure on its main licences in Kenya, a move that had threatened to further delay a final investment decision expected this year on the Turkana fields. The lifting of the declaration paves...

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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...