News

ExxonMobil gets approval for Mozambique Rovuma LNG project

Mozambique Rovuma Venture said Tuesday that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique,...

Houston was good for Guyana; next up: Aberdeen – British High Commissioner

British High Commissioner to Guyana Greg Quinn is hopeful that there is a contingent from South America’s newest oil and gas hotspot to an Aberdeen oil and gas conference billed for September 2019 since the country will benefit from...

Stabroek co-venturer CNOOC looking to expand presence in Brazil

Chinese oil company CNOOC Ltd, a co-venturer in Guyana’s Stabroek Block, wants to expand in Brazil and is considering bidding in an auction of offshore exploration blocs in the pre-salt area set for later this year, the head of...

T&T, China governments partner on ship facility construction

Trinidad and Tobago’s CNC3 is reporting that the government of the oil producing Caribbean nation is working closely with the Chinese government to build a ship servicing facility there as part of an initiative to diversify the economy away...

Guyana Shore Base eyeing expansion to double its capacity

Guyanese majority owned Guyana Shore Base Inc. (GYSBI) will double its capacity in phase 2 of its expansion programme which will see the facility’s usable area and wharfage increasing by over 100%. Under its Phase 2 Expansion Programme, GYSBI plans...

Dyna-Mac awarded contract for Liza Unity topsides

Singapore-based Dyna-Mac will be working on the topside modules for the 220,000 bpd Liza Unity floating production storage and offloading vessel for ExxonMobil’s second development offshore the South American country of Guyana. According to a report in Upstream, Dyna-Mac confirmed...

‘Guyana’s 1 barrel per person per day will be truly transformative’ – Chatam House Researcher

The South American country of Guyana is on course to produce 750,000 barrels of oil per day by the mid-2020s, which, with its small population of equal number, makes the potential for massive transformation tremendous. Speaking at the Guyana Petroleum...

Guyana’s Energy Department seeking multiple specialists

Guyana’s Department of Energy (DE) is seeking a number of specialists as efforts continue to build capacity for the South American country’s emerging oil and gas sector. Speaking at a press conference in Georgetown, Guyana, on May 3, DE Director,...

14 Saipem workers hurt in fire off Azerbaijan

Italian oil and gas contractor Saipem has reported that there were several workers injured in a fire aboard a pipe-laying vessel in the Caspian See off Azerbaijan. The blast occurred at 6.30 pm on Wednesday on board the Israfil Huseynov....

OTC 2019: Guyana regulator encourages investors to consider shallow waters

Acting Commissioner of the Guyana Geology and Mines Commission (GGMC) Newell Dennision on Wednesday on the second night of the Offshore Technology Conference (OTC) in Houston Texas, encouraged oil companies to look at the shallow waters offshore Guyana as...

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ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge,...