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Onshore Base: Crab Island location not final but has advantages – Trotman

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Guyana’s Minister of Natural Resources, Raphael Trotman, on Wednesday disclosed that while Crab Island is considered to have some comparative advantages for the establishment of an onshore supply base for the country's emerging oil and gas industry, no final decision...
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SBM Offshore wins OTC ‘Spotlight on New Technology’ award for its innovative FPSO system

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SBM Offshore has received the prestigious 2017 Offshore Technology Conference (OTC) Spotlight on New Technology award. OTC recognizes innovative technologies each year with this accolade. This awards program is exclusively for OTC exhibitors and showcases the latest and most advanced...
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Exxon acquires one of world’s largest plants in Singapore

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ExxonMobil Chemical Company announced Wednesday that its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation Pte Ltd to acquire its plant located on Jurong Island in Singapore. The plant, one of the largest in the world with an annual...
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Guyana’s President stresses environmental care in meeting with Hess CEO

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The overarching concern for protection of Guyana’s environment was raised by the country’s President, David Granger, during a meeting on Wednesday with CEO of Hess Corporation, John Hess, and other officials. The meeting was held at State House, in...
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Oil spikes as US inventories tumble

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West Texas Intermediate crude oil traded up 1.6% at $46.94 a barrel after weekly US Energy Information Administration inventory data showed a bigger drawdown than expected. US inventories fell by 5.25 million barrels during the week ended May 5. Economists were anticipating a...
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British investors signal interest in Guyana oil and gas sector

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During a recent state visit by Guyanese officials to the United Kingdom, British investors signalled their intention to invest in Guyana’s oil and gas sector. Late April, First Vice President and Minister of Foreign Affairs, Carl Greenidge accompanied Guyana's...
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Guyanese can register business interest with ExxonMobil online

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Guyanese business operators looking to provide services in the oil and gas supply chain are being urged to register their interest via an online portal open to the public. Esso Exploration and Production Guyana Limited (EEPGL) has established a supplier...
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Guyana remains cautious against falling oil prices, expectations

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As excitement among Guyanese continue to rise about the prospect of the country becoming a major oil producer, the government is encouraging an atmosphere of cautious optimism in face of falling oil prices and global oversupply of the commodities...
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Exxon awards EPCI contract to Saipem for Liza development

OilNOW -
ExxonMobil has awarded a new Engineering, Procuring, Construction and Installation (EPCI) contract to Saipem for the Subsea Umbilicals Risers Flowlines (SURF) package of the proposed Liza project that Esso Exploration and Production Guyana Limited is operating together with joint...
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Venezuela braces for possible U.S. oil sanctions

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(Bloomberg) -- Venezuela would be hit from two directions if the U.S. were ever to impose oil-related sanctions against the South American nation where at least 30 have died in anti-government protests in the past month. American drivers may...
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Steam turbines, oil tanks in Guyana for Gas-to-Energy project

US-based group Lindsayca-CH4 said two state-of-the-art steam turbines and two oil tanks arrived in Guyana on December 21, 2024.  The...

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