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ExxonMobil adds three offshore blocks to Brazilian portfolio

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(Offshore Energy) As part of the first cycle of the permanent round, the country’s regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), auctioned 33 blocks in the Sergipe-Alagoas, Parnaíba, Potiguar and Recôncavo basins, and 12 areas...
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$100M investment fund set up to support Guyana onshore O&G services

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A $100 million USD Investment Fund has been set up particularly for Guyana to boost the provision of its onshore services. The Guyana Office for Investment (GO-Invest) on Tuesday announced the development coming out of the Society of Petroleum Engineers...
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Liza Destiny FPSO sails in on tide of good fortunes for Guyana

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Along with its arrival, the 120,000 bpd Liza Destiny FPSO has brought with it good tidings, hope and an opportunity for a brighter future for Guyana; a small country of just over 750,000 people, located on the northern tip...
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Energy Dept. prepping for early oil production

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The early arrival of Guyana’s first floating oil production complex could fast-track the South American country’s move to first oil and the Department of Energy (DE) – the lead state agency for the petroleum sector – is advancing its...
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Guyana launches trade facilitation road map ahead of first oil

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With the advent of oil and gas there has been growing interest in the South American country of Guyana and authorities are moving to capitalise on this with the launch of a trade facilitation road map 2019- 2024. The road...
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High-level gov’t delegation tours Guyana’s 1st floating oil production complex

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A high-level Guyanese delegation on Monday visited the country’s first Floating, Production, Storage and Offloading Vessel (FPSO)—the Liza Destiny—for a first-hand look at the facility that will be producing the country’s first barrel of oil. The team, comprising ExxonMobil’s Country...
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Business leader wants equal pay for equal work in Guyana’s emerging O&G sector

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A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...
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2% royalty is not Guyana’s entire ‘slice of the pie’

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The 2% royalty to be paid by ExxonMobil to the Guyana Government when oil production begins does not represent the country's entire take from its offshore oil revenues; a critical component of the discussion that is missing from public...
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Finance minister urges GUYOIL to prepare for O&G opportunities

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Guyana’s finance minister Winston Jordan has urged the Guyana Oil Company (GUYOIL) to prepare itself to capitalize on opportunities in the South American country's burgeoning oil and gas sector as preparations ramp up for oil production commencing in early...
Exploration

Guyana embarking on countrywide ‘Needs Assessment Survey’ to build oil & gas capacity

OilNOW -
Guyana's Department of Public Service is preparing to embark on a countrywide needs assessment survey, with special focus on the country's emerging oil and gas sector. Minister with responsibility for the South American nation's Public Service, Tabitha Sarabo-Halley, says this...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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