Guyana's Vice President, Dr. Bharrat Jagdeo reiterated yesterday that the government has every intention of ensuring the oil sector is not only led by locals but properly monitored as he noted that capacity building is underway to achieve same....
Once the proposed gas-to-shore project comes on stream, Guyana's electricity costs could be reduced from 30 US cents to six, or even three US cents per kilowatt hour (kWh). This revelation was made on Tuesday by Guyana’s Vice President,...
ExxonMobil, Hess and CNOOC Limited, co-venturers in offshore oil development in the Stabroek Block, on Tuesday announced the formation of the Greater Guyana Initiative, a 10-year commitment of more than GY$20 billion (US$100 million) to significantly expand capacity building...
Guyanese now comprise 95 percent of the staff at the Guyana Shore Base Inc. (GYSBI) and companies from the South American country now make up 80 percent of the operation’s supplier base.
The company, which operates from Houston, East Bank...
The total liquids capacity of the Liza Destiny floating production storage and offloading (FPSO) vessel exceeds 150,000 barrels per day (bpd) with gas capacity of 190 standard cubic feet per day, company officials told reporters on Monday.
In explaining the...
ExxonMobil will today announce the roll out of a major capacity building initiative in Guyana that is expected to impact economic development in the new oil producing South American country.
“Join us as we announce the Greater Guyana Initiative, a...
The faulty 3rd stage Flash Gas Compressor from the Liza Destiny FPSO operating offshore Guyana is en route to Germany where an assessment of the issue and repairs will get underway soon. President of ExxonMobil Guyana, Alistair Routledge, and...
Exploration and appraisal drilling offshore Guyana are moving forward on schedule with a new well expected to be spudded this month on the prolific Stabroek block. After wrapping up the Bulletwood-1 campaign in the Canje block, the Stena Carron...
By Arthur Deakin - OilNOW
On January 26, one of the most influential credit rating agencies in the world, Standard & Poor’s (S&P), said it was considering downgrading the rating of 13 major oil and gas producers, including ExxonMobil, Shell...
(Reuters) - Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to...
