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Guyana fast-tracked Liza development to protect sovereignty

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Guyana on Friday acknowledged a move to strategically fast track the development of the Liza oil field in the Stabroek Block by US oil major ExxonMobil in order to assert its sovereignty over the territory ahead of the International...
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Guyana President will directly oversee new Petroleum Department

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The Petroleum Department which is to be set up soon in Guyana will be directly guided by the country’s Head-of-State, President David Granger, while Minister of State, Joseph Harmon will handle all matters related to the Department, in the...
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BP: The rise of the robots

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(BP) Until now, offshore operators have conducted diligent inspections of facilities while clad in safety harnesses hanging off the side of an oil and gas platform. But, the latest technology is providing better solutions on BP's Thunder Horse platform...
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Commercialization of gas from Guyana’s oil fields will be growing challenge – Wood Mack

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As more oil discoveries continue to be made offshore the South American country of Guyana the commercialization of gas will become a bigger challenge. Analyst Wood Mackenzie says lack of infrastructure and a visible marketization plan for commercializing gas which...
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GCCI President wants ‘expatriate workforce policy’ enshrined ahead of first-oil

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President of the Georgetown Chamber of Commerce and Industry (GCCI), Deodat Indar, is calling on the Guyanese government to immediately put in place measures to regulate the influx of expatriate workers through robust immigration policies and to priorities locals...
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ExxonMobil has a right to make money on its investment – Bharrat Jagdeo

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Former Guyanese President Bharrat Jagdeo today said contracts are sacrosanct, must be respected and that the US Oil Exploration Company, ExxonMobil, has a right to make money on its investment. Mr. Jagdeo was speaking at his Church Street, Georgetown Office...
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Private sector says irresponsible reporting damaging to country’s image

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While recognizing the vital role media plays in fostering transparency and accountability in society and keeping citizens informed, private sector officials in Guyana say responsible reporting is critical to ensuring issues are not misrepresented in a way that ultimately...
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Australia, East Timor sign deal on maritime border, agree to share revenue from Greater Sunrise oil and gas

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Australia and East Timor have signed an agreement that draws the first maritime border between the two nations. It is hoped the deal, signed at the United Nations in New York, will end the bitter dispute over oil and gas...
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Guyana playing major role in ExxonMobil aggressive growth plans that is set to double earnings

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ExxonMobil today outlined an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. The South American country of Guyana is listed as one of the key drivers in these latest...
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ExxonMobil, Guyana officials stress ‘sanctity of contract’ at O&G seminar

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As questions continue to be raised about the prospect of a ‘renegotiation’ of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, officials from both the Guyanese government and the oil company are adamant that the contract is valid...
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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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