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

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

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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...
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Unprecedented market challenges driving competition for scarce resources – Alistair Routledge

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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...
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Tullow Oil lifts force majeure on main licences in Kenya

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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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Natural Resources Minister, British High Commissioner discuss O&G partnerships

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Minister of Natural Resources Vickram Bharrat on Wednesday met with British High Commissioner to Guyana, Greg Quinn, where they discussed a number of areas of collaboration including oil and gas. During the meeting, Mr. Bharrat commended the outgoing High Commissioner...
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Interest of Guyanese workers top priority for labour ministry in discussions with ExxonMobil

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Guyana’s Minster of Labour, Joseph Hamilton, met with Officials from ExxonMobil Guyana on Wednesday where the rights of Guyanese workers and equal pay for equal work formed a major part of the discussions. ExxonMobil Guyana President, Alistair Routledge, and...
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Push for rigorous training, establishment of joint ventures to build local content capacity – Consultant

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Canadian consultant Rob Strong spoke to OilNOW about local content development back in 2018, and made a comparison with the Newfoundland and Labrador oil and gas industry, which he thinks Guyana could learn from. This is what he had...
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Natural gas makes up around 20% of Stabroek Block discoveries – Alistair Routledge

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President of ExxonMobil Guyana, Alistair Routledge, said on Wednesday approximately 20 percent of the more than 8 billion barrels of oil equivalent resources found so far at the prolific Stabroek Block, is natural gas. “You'll be familiar with the 8 billion oil equivalent barrels of...
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World Bank reaffirms support for Guyana’s “progress and prosperity” as country prepares for economic take-off

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As Guyana prepares for unprecedented development from its multi-billion-barrel oil and gas resources, the World Bank says it stands ready to advance discussions on sustainable growth in support of the country’s progress and prosperity. In a congratulatory letter to Guyana’s...
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US crude supply to China surged 524.4% in July – S&P Global Platts

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China's July crude imports from the US surged 524.4% from June to a fresh high of 3.67 million mt, or 866,793 b/d, propelling the producer to become China's fifth largest supplier in the month, S&P Global Platts said on...
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Energy Chamber urges gas independence amid Venezuela’s suspension of energy deals

The Energy Chamber of Trinidad and Tobago is urging the government to accelerate efforts to boost domestic gas production...

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