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TechnipFMC seeking multiple services for Guyana operations

OilNOW -
ExxonMobil Guyana Tier 1 contractor, TechnipFMC, is inviting companies to submit Expressions of Interest (EOI) for a number of upcoming opportunities in the South American country. The company is in search of logistics, procurement and transportation services, inclusive of ground...
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Political partisanship ‘biggest mistake’ for Guyana’s Sovereign Wealth Fund – former MP

OilNOW -
A former Member of Parliament (MP) in Guyana believes that political partisanship poses the greatest threat to the establishment and effective management of a Sovereign Wealth Fund (SWF) in the soon-to-be oil producing South American country. Delivering a presentation on...
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Local content expert says policy must capture capabilities of Guyanese workforce

OilNOW -
Rene Roger Tissot, an energy and development economist specializing in local content policies and strategies says Guyana should have a plan in place to develop the capabilities of its people before commercial oil production comes on stream. One way...
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World Bank, Guyana gov’t stage high-level workshop on Sovereign Wealth Fund

OilNOW -
The World Bank and Government of Guyana staged a high-level workshop on Stabilization/Sovereign Wealth Funds on Monday in the South American country’s capital, Georgetown, as part of a number of initiatives being taken to enhance knowledge and understanding of...
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Over 500 Guyanese gain employment through ExxonMobil operations

OilNOW -
Guyanese represent fifty-two percent of ExxonMobil’s local workforce while 227 Guyanese companies supplied its oil and gas operations in 2018. ExxonMobil's Senior Director, Public and Government Affairs, Kimberly Brasington, provided data to Guyana's Department of Public Information (DPI) which indicated...
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Positive cash flow from Guyana may not come before 2022 – Hess

OilNOW -
Hess Corporation does not expect oil production in the South American country of Guyana where it has a 30% stake in the Stabroek Block, to turn a profit for the company before 2022 when the larger Liza Phase 2...
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Sorubim does not condemn prospect opportunities in Stabroek Block – Exxon VP

OilNOW -
Responding to a question during its quarterly earnings conference call on Friday, Exxon Mobil Corporation’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury, said the dry hole encountered at the Sorubim-1 well offshore Guyana does not condemn prospect...
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Sovereign Wealth Fund critical to Guyana benefiting from billions in oil revenue – Commonwealth

OilNOW -
The small South American country of Guyana is on the verge of receiving big money when oil from the giant Liza field begins flowing in less than two years. However, the extent to which this newfound wealth benefits the...
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Analysts say ExxonMobil PSA in line with frontier countries worldwide

OilNOW -
As debate continues in the South American country of Guyana on the fiscal terms outlined in the Production Sharing Agreement (PSA) with US oil major ExxonMobil, UK-based Wood Mackenzie and Norwegian headquartered research company Rystad Energy say the agreement...
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TOTALTEC successfully completes 2nd equity finance raising

OilNOW -
TOTALTEC Oilfield Services Limited on February 28, 2018 successfully completed its second equity finance raising from a large international investor. However the price has not been disclosed. TOTALTEC is a partner in a major onshore infrastructure development project in Guyana...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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