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SBM secures US$1.14B financing for Liza Unity FPSO from consortium of 9 international banks

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SBM Offshore said on Wednesday it completed the project financing of the Liza Unity FPSO for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company said it expects to draw...
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BHP hits pay in Trinidad while encountering dry hole at other prospect

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Australian based petroleum company BHP said on Thursday it has made one discovery while encountering a dry hole in exploration activities offshore the Caribbean twin island nation of Trinidad and Tobago. The company drilled two additional exploration wells at its...
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Guyana prepping for 2nd EITI report

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Guyana is in the process of recruiting an Independent Administrator to prepare the country’s second report, which will be submitted to the international secretariat of the Extractive Industries Transparency Initiative (EITI). This is according to National Coordinator of EITI Guyana,...
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No choice but to invest in oil – Shell CEO says

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Royal Dutch Shell still sees abundant opportunity to make money from oil and gas in coming decades even as investors and governments increase pressure on energy companies over climate change, its chief executive said. But in an interview with Reuters,...
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Veolia to provide seawater treatment package for Liza Unity FPSO

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Veolia Water Technologies said its VWS Westgarth subsidiary has been awarded a multimillion dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity floating production, storage and offloading unit (FPSO), to be...
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TT Energy Chamber set to host 2nd safety forum in Guyana

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The Energy Chamber of Trinidad and Tobago is getting ready to host the second Guyana Safety Forum set to take place on the outskirts of Georgetown on Wednesday, October 16 at the Arthur Chung Conference Centre. Under the theme “Building...
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Exxon, Chevron and Shell among big oil leaders taking on climate challenge

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When world leaders gathered in New York for the UN General Assembly last month, the news headlines focused on the impassioned speech by Greta Thunberg, the 16-year-old Swedish activist who has galvanised young people’s climate change protests around the world. From...
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US crude exports to double by 2022

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US crude exports could grow from current levels of 2.9 million barrels per day (bpd) to nearly 6 million bpd by 2022, according to a new forecast from Rystad Energy. With US production expected to increase by 1.2 million bpd...
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ExxonMobil expands low-emissions technology research with universities in India

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ExxonMobil said on Monday it has signed agreements with the Indian Institute of Technology locations in Madras and Bombay, further expanding its extensive portfolio of research collaboration with India’s universities. The five-year agreements focus on progressing research in biofuels and...
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Zero to six billion plus barrels in four years – Guyana at crossroads

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Since Guyana gained its independence in 1966, the country’s chief economic assets have been its natural resources, mainly its pristine rainforests, sugarcane plantations, rice fields, and bauxite and gold reserves. But despite exploitation of these resources over the decades, the country has...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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