News

Noble will begin Liza campaign in 2018 – ExxonMobil Guyana

ExxonMobil Guyana has confirmed that Noble Corporation has been contracted by the US super-major for an offshore campaign in the Stabroek Block, located 120 miles offshore the South American country. The 2013-built Noble Bob Douglas drillship will commence operations at...

Guyana submits application for EITI candidacy

Guyana officially submitted its candidature application to the International Secretariat of the Extractive Industries Transparency Initiative (EITI) in Oslo, Norway, on Friday. The application was submitted by Minister of Natural Resources, Raphael Trotman, in the presence of members of...

Interest from UK companies in Guyana “gone through the roof” – High Commissioner

There has been a notable increase in the interest shown by companies in the United Kingdom (UK) to invest in Guyana since the arrival of the oil and gas sector. This was disclosed by British High Commissioner to Guyana,...

Youths considering O&G careers after touring ExxonMobil facilities

Twelve students participating in a Youth Apprenticeship Programme being conducted by Guyana’s Ministry of Natural Resources were taken on a tour of ExxonMobil’s Centre for Local Business Development in Georgetown on Thursday. The youths were briefed on the industry and had...

British High Commissioner urges Guyana to update development plan

Guyana’s National Development Strategy needs to be modernized and therefore, the Government of Guyana should consider seeking assistance in this process, especially since the country is moving in the direction of building a sustainable oil and gas industry. This was...

More interest groups tour ExxonMobil Centre for Local Business Development

Members of the Guyana Oil and Gas Association (GOGA) were given a tour of ExxonMobil's Centre for Local Business Development (CLBD) on Wednesday, as part of a series of familiarization visits the Centre has organized for Guyanese interest groups. Giving...

Investors moving ahead with plans for “GY$100 per share” modular refinery

Investors are moving ahead with plans to set up a modular oil refinery in Guyana with an initial capacity of 6,000 barrels per day and shares available locally at 100 Guyana dollars each. The key stakeholder behind this project is...

Manufacturing group tours ExxonMobil business development centre

Officials from the Guyana Manufacturing and Services Association (GMSA) on Tuesday were given a tour of the ExxonMobil Centre for Local Business Development, located on South Road, Georgetown, Guyana. President of GMSA, Shyam Nokta, in brief remarks said the manufacturing...

U.S. oil drillers keep pressure on OPEC with record shale output

(Bloomberg) Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices. The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production...

Oil to Soil: O&G services company farms into agriculture

A company specializing in the provision of manpower resources and a range of other services to the oil and gas industry is investing big in agriculture development in Guyana. The JSL International Group of Companies has to date invested a...

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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...