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Analyst says Guyana gov’t “sending right signals” but issue of transparency looms

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A political risk analyst in the oil and gas industry said today at an energy conference in California that while the Guyana Gov't is "sending right signals" and appears to be “pro-business” the critical issue of transparency in the South American...
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Experts say setting up right regulatory framework reduces risk for Guyana, oil companies

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Guyana’s success as an oil producing nation will depend heavily on the regulatory framework that is established and the transparency of agencies overlooking the operations of the oil and gas sector. Experts attending an energy conference in the US...
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Pressing issues addressed at opening of 26th La Jolla Energy Conference in California

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The Institute of the Americas 26th annual La Jolla Energy Conference got underway today in San Diego, California marking the beginning of two days of dialogue and debate on the future of sustainability and energy policy in the Americas. Brazil...
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ExxonMobil provides support for relief efforts in regions affected by flood in Guyana

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ExxonMobil on Wednesday handed over a cheque in the amount of US$25,000 from the ExxonMobil Foundation to the Guyana Civil Defence Commission (CDC), the agency spearheading the coordination of relief efforts following widespread flooding in remotes areas in the South...
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Greatest benefit to Guyana from oil is in value-added activities – GOGA

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The Guyana Oil and Gas Association (GOGA) believes the greatest benefit from a country’s natural resources lies in the ability to add value, and this must be carefully considered in the case of oil production, set to begin in...
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Global offshore mooring systems market expected to reach USD1.32B by 2025

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Increasing oil and gas production and exploration from the offshore fields and the rising development of shale drilling regions are expected to drive the demand for the offshore mooring market. Innovation of new technologies for development of new systems in...
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Berbice River conditions ideal for Crab Island on-shore base in Guyana – Engineer

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Conditions at the mouth of the Berbice River in Guyana may be best suited to facilitate an onshore supply base at Crab Island, according to an engineer whose company has worked extensively in the area. Crab Island, located in the...
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ExxonMobil completes new polyethylene Lines

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ExxonMobil Chemical Company announced today the mechanical completion of two new 650,000 tons per year high performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The company expects production to begin during the third quarter of 2017. Part...
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Collaboration between private investors and Guyana government can make oil refinery a reality – PSC head

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The business community in Guyana continues to weigh-in on the news that setting up a 100,000-bpd oil refinery in the South American country, is not a feasible option. The head of one such group representing the interest of the...
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Venezuela: An abundance of oil, shortage of gasoline

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Venezuela; home to a number of oil refineries and the country with the largest proven oil reserves in the world, is now being forced to increase gasoline imports as refineries struggle to remain operational. Output has dropped at the crisis-hit...
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DSIC launches Errea Wittu FPSO for ExxonMobil’s Stabroek Block

Chinese contractor Dalian Shipbuilding Industry Company (DSIC) has launched the Errea Wittu floating production, storage, and offloading (FPSO) vessel,...

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