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Manufacturing group tours ExxonMobil business development centre

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

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

OilNOW -
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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No basis for renegotiating ExxonMobil contract says Guyana’s Finance Minister

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Guyana’s Minister of Finance, Winston Jordan, says there is absolutely no basis for a renegotiation of the contract between the country and US super-major ExxonMobil, for oil production set to begin in 2020. The South American country is expected to...
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Gas starts flowing from BP’s new fields offshore Trinidad and Australia

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(Reuters) - BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia; the company said on Monday, further boosting output that is helping the company to turn a corner after a bruising market downturn. Gas...
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Liza Phase 2 targeted for 2023; proposed natural gas project being discussed

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The ExxonMobil Liza Phase 2 development project in Guyana could start as early as 2023, following the commencement of Phase 1 scheduled for mid-2020 which will bring first oil for the South American country. Discussions are also ongoing for a...
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Smart start needed for oil production; not perfection – Regulatory Consultant

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Guyana must think smart and utilize the little time it has available to create a robust regulatory framework, before commercial oil production begins in 2020, advises regulatory professional and risk consultant, Peter Wilkinson. He said based on the time remaining...
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14 Guyanese to receive oil & gas training for jobs on multiple offshore projects

OilNOW -
Fourteen Guyanese will soon be undergoing rigorous training in Trinidad and Tobago to acquire skills for the oil and gas industry, after which they will be deployed on a number of offshore projects. This initiative is the start of what...
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SBM says work on development of FPSO for Liza project “progressing well”

OilNOW -
SBM offshore, the company contracted by ExxonMobil to install, lease and operate a Floating Production, Storage and Offloading Vessel (FPSO) for the Liza project in Guyana, says work is progressing well on schedule. At the end of 2016, SBM Offshore...
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OPEC forecast higher demand for its crude in 2018 due to rising global consumption.

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(Reuters) - OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market that suggest an OPEC-led production cut is getting rid of price-sapping excess...
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Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...

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