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SBM Offshore plans to put more Guyanese on FPSOs and in shorebase offices – Michiel Heuven

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SBM Offshore is looking to increase its local workforce and build the capacity of Guyanese to take up more leadership positions in its operations in the new oil producing South American country. This is according to the company’s Head...
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Approval of Payara this month will keep 2023 first oil target on track – Hess

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Although already delayed since 2019, if the Payara development is approved by the end of September, this will ensure that the 2023 timeline for oil production start-up remains on track, adding another 220,000 barrels of oil per day to...
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Another Strike: ExxonMobil announces Redtail Discovery Offshore Guyana

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Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
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Government does not see Payara as “make or break” – Vice President

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Vice President of Guyana, Bharrat Jagdeo, said on Monday the government does not see the Payara Development project as a ‘make or break’ as it relates to benefits that would accrue to the South American country from its multi-billion...
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Logistics company ramping up vessel capacity as demand for services offshore Guyana grows

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RAMPS Logistics is expanding its services in Guyana as exploration and production activities offshore the South American country continue to expand. The company plans to increase the number of vessels operating in the country which the head of its...
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Oil and gas companies continue to fold under severe pressure even as Guyana offshore blooms

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The COVID-19 pandemic is adding severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. This comes at a time when prospects on the South American north coast continue to...
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TechnipFMC seeks Guyanese firms for subsea project facilities

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TechnipFMC has invited Guyanese companies to submit Expressions of Interest (EOIs) for the construction of facilities it needs to support its subsea projects related to ExxonMobil’s production activities offshore Guyana. The date for the submission of EOIs is September 13,...
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Unprecedented market challenges driving competition for scarce resources – Alistair Routledge

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The ongoing COVID-19 pandemic has hit each and every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The spread of the virus has forced many oil and...
News

Natural gas makes up around 20% of Stabroek Block discoveries – Alistair Routledge

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President of ExxonMobil Guyana, Alistair Routledge, said on Wednesday approximately 20 percent of the more than 8 billion barrels of oil equivalent resources found so far at the prolific Stabroek Block, is natural gas. “You'll be familiar with the 8 billion oil equivalent barrels of...
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Over eight months in – Guyana producing oil ahead of its time – Francis Kiernan

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US oil major ExxonMobil announced its first world class discovery in May 2015 at the Liza field offshore Guyana. The well encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs and was safely drilled to 17,825...
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Guyanese soldiers repeatedly attacked by armed men on Venezuelan shore during river patrols on Wednesday

The Guyana Defense Force (GDF) said on Thursday that its troops came under attack by armed men in civilian...

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