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CNOOC inks cooperation agreements with 9 international oil companies

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CNOOC Limited on December 18, 2018 announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. As...
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Pact between Guyana and ExxonMobil ‘more than commercial’ in nature

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The decision by US oil major ExxonMobil to conduct a new 3-D seismic survey on the western portion of the Stabroek Block offshore Guyana is a sign of confidence in the country’s internationally-recognised territorial zone. This, a former Minister...
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PricewaterhouseCoopers submitted EOI for ExxonMobil cost recovery audit

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PricewaterhouseCoopers Advisory Services Limited submitted an Expression of Interest (EOI) to the Government of Guyana (GoG) for a cost recovery audit consultancy in relation to ExxonMobil’s exploration activities in the Stabroek Block offshore Guyana. “We have the right experience, the...
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Upstream industry expected to thrive in 2019; Guyana among biggest sanctions

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As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry with the biggest project sanctions in deepwater oil expected to take place in Guyana and Brazil. In the recently published 2019...
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New exploration on western portion of Stabroek Block significant – ASP

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US oil major ExxonMobil’s move to undertake a new 3-D seismic survey covering 12,000 square kilometers on the western portion of the Stabroek Block could be viewed as Guyana and the oil company “building a case for showing their...
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“Staggering” discoveries pushing record production – Hess

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Hess Corporation’s Senior Vice President – Exploration, Barbara Lowery-Yilmaz, says greater than five billion barrels of equivalent resource in four years is “pretty tremendous” referring to the record oil discoveries made off the coast of Guyana. Further, she said that...
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Guyanese business group calls for swift implementation of local content framework

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The Private Sector Commission of Guyana (PSC) is calling for the swift implementation of a local content framework within which local businesses can operate and meaningfully benefit from opportunities in the emerging oil and gas industry. Speaking at the Liza...
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Angola’s Sonangol, ExxonMobil sign oil exploration agreement

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(Reuters) - Angola’s state oil company Sonangol and ExxonMobil on Friday signed a memorandum of understanding for oil exploration in the country’s Namibe basin, the two firms said. Angola, Africa’s second-largest crude producer, is facing a steep output decline unless...
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More project approvals will give Guyanese companies confidence to invest, build capacity – Henson

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ExxonMobil Guyana Country Manager Rod Henson says the next decade will be transformational for businesses in the South American country and with the approval of more projects offshore, these local companies will become more confident to invest and take...
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Institute launched to boost maritime safety in oil and gas industry

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Combining courses being offered in the Maritime and Petroleum sectors, two local institutions have partnered to launch the Maritime Safety Training Institute (MSTI). The institute was on Thursday morning launched by MATPAL Marine Institute which operates out of the Critchlow...
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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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