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Around 2500 offshore wells set to be drilled in major deepwater comeback, Guyana at forefront

Oil and gas exploration activities remain resilient even after a devastating year that saw investments declining by more than 30%, widespread shut-ins, and well over 100 bankruptcy filings. But after the gloom of 2020 oil and gas demand recovery...

Team working towards start-up of Liza Destiny FPSO gas compressor

Reinstallation of components of the flash gas compression system is progressing offshore Guyana on the Liza Destiny FPSO. ExxonMobil Guyana, operator at the Stabroek block, said in an update on Tuesday that critical equipment alignments, lifting of the suction silencer...

Industry has found more natural gas than it needs or can commercialise, oil remains king

Energy market research and intelligence company Westwood Energy said in a report last week that more than 60% of the discovered resource in 2012-2020 was gas, even though ~70% of high-impact wells were targeting oil. This was due to...

Gas pipeline will bring major economic, environmental and social benefits to Guyana – Ramnarine

When the new administration in Guyana announced last year that it was moving ahead with the planned gas-to-shore project that would be underpinned by the Liza Phase 1 Development at the Stabroek Block, some stakeholders asked - can it...

Oil remains biggest prize as 2021 set to see lowest number of wells targeting gas in a decade – Westwood Energy

Even though the world is witnessing an unprecedented increase in efforts to transition to cleaner sources of energy starting with natural gas, there is still very little evidence of explorers going after this resource for 2021. This is according...

Saipem looking to play major role in Nigeria, Mozambique natural gas expansion projects

Italian engineering giant Saipem hopes to play a long-term role in the development of sub-Saharan African LNG infrastructure, its Chief Operating Officer for onshore, Maurizio Coratella, said in an interview. According to an S&P Global Platts report, Saipem-led consortiums were...

Gas compressor en route to Guyana for reinstallation on floating production platform

ExxonMobil Guyana said in an update on Wednesday that the flash gas compressor that was sent to Germany for repairs after encountering technical issues in January is now making its way back to the South American country. “The flash gas...

Maersk Drilling to begin one-well contract with Petrogas

Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands B.V. which will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field...

ExxonMobil, SBM Offshore among major companies supporting 1st Women and Girls’ Summit

In observance of International Women's Day, the Women's Chamber of Commerce and Industry Guyana (WCCIG) will host its Inaugural Guyana Women and Girls' Summit on Monday, with support from several companies in the oil and gas industry, including ExxonMobil...

Reduction in flaring expected soon as gas compressor set to return

All repairs to the Liza Destiny FPSO flash gas compressor have been completed at the MAN Energy Solutions workshop in Germany and the equipment is expected to be returned to Guyana by the end of the month. “The compressor has...

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GEA urges businesses to decarbonize through energy efficiency, renewables and electric mobility

Guyanese businesses should use the lower electricity costs expected from the Gas-to-Energy project to invest in energy efficiency, renewable...