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Standoff in high seas as Cyprus says Turkey blocks Saipem 12000 drill ship

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(Reuters) - Cyprus on Sunday accused the Turkish military of obstructing a ship contracted by Italian oil company Eni from approaching an area to explore for natural gas, highlighting tensions over offshore resources in the east Mediterranean. A spokesman for...
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Trent University Prof. cautions Guyanese on oil development ‘myth’ at GIPEX 2018

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Trent University Professor, Suresh Narine, told participants at the Guyana International Petroleum Exhibition and Summit (GIPEX 2018) held in Guyana last week that revenue from oil production must be utilized to ensure across the board improvements in peoples’ development...
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GO-Invest makes pitch to oil executives for investments in support sectors

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Chairperson of the Guyana Office for Investment (GO-Invest) Board of Directors, Patricia Bacchus, on Wednesday made a pitch to international oil executives participating in the inaugural Guyana International Petroleum Exhibition and Summit (GIPEX 2018), urging them to explore investment...
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First shipment of pipes for oil production arrives in Guyana

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The first shipment of piping material to be used for oil production in the Liza development project offshore Guyana arrived on Wednesday evening at a shore base facility in the South American Country. This represents a major step towards the use...
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ExxonMobil adds 2.7 Bbbl to reserves, replaces 183% of 2017 production

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Exxon Mobil Corporation has added 2.7 Bboe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil's proved reserves totaled 21.2 Bboe at year-end 2017. Liquids represented 57% of the reserves, up from 53% in 2016....
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Guyana gov’t commends ExxonMobil on commitment to local content

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Guyana’s Ministry of Natural Resources on Friday commended ExxonMobil affliate Esso Exploration and Production Guyana Limited (EEPGL) and its partners HESS and CNOOC Nexen for their commitment to implementing the local content obligations embedded in its Petroleum Agreement with...
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Guyanese company team up with Trinidadian firm in O & G

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Guyana’s Oil and Gas sector continues to grow with the coming on stream of more indigenously-owned companies providing support services to the industry, the latest being GUYSONS Oil and Gas Logistics and Services. The announcement was made by GUYSON’s Chief...
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Guyanese, Canadian entrepreneurs collaborate to offer services for O&G sector

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Guyanese public relations firm, Sagacity Media, and Canadian consultancy, the Caron Hawco Group, have joined forces, through a memorandum of understanding, to offer consulting services targeting Guyana’s oil and gas industry. Guyana Strategic Services will specialize in strategy communications,...
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Guyanese Private Sector condemns ‘anti-investment’ advert

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An advertisement appearing in two privately owned Guyanese newspapers that coincided with the convergence of hundreds of oil and gas executives in the country for the opening of the inaugural International Petroleum Exhibition & Summit (GIPEX), has been roundly...
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Sod turned for first Petroleum Academy

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Totaltec Oilfield Services on Thursday held a ground breaking ceremony to inaugurate Guyana’s first oilfield service academy as the South American Nation prepares for first oil in 2020. Guyana’s Minister of Natural Resources, Raphael Trotman, has been designated Honorary Patron. Located alongside...
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ExxonMobil’s Longtail project to tap three gas fields offshore Guyana

ExxonMobil's proposed Longtail development project will tap into three gas fields—Longtail, Tripletail, and Turbot—spanning discoveries made in the period...

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