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Liza Destiny FPSO fast approaching Guyana waters; expected within days

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The 120,000 barrels per day Liza Destiny floating oil production complex is currently in the south Atlantic Ocean, fast approaching Guyana waters, and is expected to arrive by the end of August. Commenting on the vessel's imminent arrival, ExxonMobil Guyana's...
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Eco Atlantic Oil & Gas records Q2 loss

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London and Toronto-listed Eco Atlantic Oil & Gas booked a deeper second-quarter loss, as it continued to develop prospects in Guyana and Namibia. Shares, in a report on Friday, said net losses for the three months through June amounted to...
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Positive O&G outlook will drive Guyana’s GDP higher over next 10 years – Fitch Solutions

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Financial information services provider Fitch Solutions says the first oil discovery outside the Stabroek block will serve to buoy investor sentiment to projects in deepwater Guyana more broadly while pointing out that the positive outlook for oil and gas production will...
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Stakeholders call for clearer definition of ‘local business’

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The Georgetown Chamber of Commerce and Industry (GCCI), on Wednesday, hosted a Roundtable Discussion on Guyana’s third draft of the Local Content Policy. The event saw an exchange of several different viewpoints on the strengths and weaknesses of the...
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Tullow days away from spudding 2nd wildcat off Guyana coast

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Tullow Oil will soon spud its second wildcat at the 1800 km2 Orinduik Block offshore Guyana with results expected in mid-September. Junior partner on the block, Eco Atlantic Oil and Gas, says the Stena Forth drillship, which made the...
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TechnipFMC wins Shell subsea contract

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TechnipFMC (NYSE: FTI) (Paris: FTI) has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the PowerNap project, located in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea...
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Exxon Country Manager talks up safety

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ExxonMobil Guyana has reemphasized its commitment to a culture of safety by staging a related workshop for contractors today at the Guyana Marriott Hotel. The Contractor Safety Management Workshop focused on integrated planning, safe execution of work and safety leadership...
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Chamber’s forum on local content policy receives massive turnout

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Members of the business community, the public and key stakeholders turned out in large numbers to the first open forum on Guyana’s 3rd draft Local Content Policy (LCP) organised by the Georgetown Chamber of Commerce and Industry (GCCI) with...
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First exploration well to be drilled in Bahamas next year

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Bahamas Petroleum Company (BPC) has entered into a series of agreements as part of a coordinated approach toward drilling its first exploration well in The Bahamas in 2020. The company has entered into a framework agreement with Seadrill, one of...
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Guyanese trained in Dynamic Positioning for offshore placements

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Guyanese human resource provider Strategic Recruitment Solutions has sent 4 of their candidates to Kongsberg Maritime in Houston Texas to attend a 4-day course in Dynamic Positioning (DP) Induction. The DP induction programme is the first step in the...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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