News

US super-major ExxonMobil will have to provide a detailed plan to the Guyana government for the procurement of goods and services in the country as well as the employment and training of Guyanese citizens, in keeping with requirements of...

European oil giant Royal Dutch Shell PLC has signed a purchase and sale agreement with liquefied natural gas company Qatargas. According to the deal, Qatargas will deliver up to 1.1mn tonnes of LNG a year to Shell for five...

ExxonMobil and Synthetic Genomics Inc. on Monday announced a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth. Using advanced cell engineering...

Prominent Guyanese Attorney-at-Law, Nigel Hughes, says the country’s government must put ego aside and take steps to hire experts who can advise on negotiations with US super-major, ExxonMobil. Mr. Hughes, a Director on the board of the Guyana Oil...

A team from the Guyana Oil and Gas Association (GOGA) left for Canada on Sunday to attend the Newfoundland & Labrador Oil & Gas Industries Association (NOIA) 2017 Conference which will be held in St. Johns, Newfoundland, from June...

Approximately 450 million barrels of oil will be produced in the first phase of the Liza oil field development, 120 miles offshore Guyana. The Liza Phase 1 development includes a subsea production system and a floating production, storage and offloading...

Exxon Mobil Corporation said Friday it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The announcement comes...

Guyana's Ministry of Natural Resources this evening announced that it has approved the ExxonMobil Liza Phase 1 development plan and has issued a Production License to the company. This is an important milestone towards the first phase of oil...

As interest surrounding local content in Guyana continues to heighten, the Guyana Oil & Gas Association (GOGA) will be staging a public lecture on Friday in the country’s capital, Georgetown, to discuss this. The Association said in a press statement...

TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees...