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Gas pipeline to be funded from cost oil, project pegged at around US$900M – Task Force

Head of Guyana’s Gas to Power Generation Taskforce, Winston Brassington, revealed on Monday that the current estimates for the project which is expected to deliver affordable power to the nation of just over 750,000 people should cost approximately US$900M. During...

Reliance and bp start production at deepwater gas field in India

Reliance Industries Limited (RIL) and bp on Monday announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and bp have been developing three deep-water gas developments in...

Guyana’s gas can drive agriculture expansion

While much of the attention has been on the benefits of low electricity rates with the gas-to-shore project that is poised to come on stream by 2024 in Guyana, former Energy Minister of Trinidad and Tobago, Kevin Ramnarine recently...

Close to US$160M a year will be saved in power cost from gas pipeline – Guyana’s VP

The benefits and implications of landing a gas pipeline onshore from the Liza Phase 1 Development continue to engage the public’s attention in Guyana with the government projecting massive savings from a reduction in the cost of power, while...

Bulk of current drillship demand in ‘golden triangle’ where Guyana offshore remains busy

The bulk of current drillship demand is in the so-called golden triangle area which comprises the Gulf of Mexico (US and Mexico), South America (Brazil, Guyana & Suriname), and Africa (west, south, and east coasts). These regions account for...

Opposition Leader seeking meeting with ExxonMobil over gas compressor issue

Leader of the Opposition in Guyana, Joseph Harmon, has written to President of Esso Exploration and Production Guyana Ltd. (EEPGL), Alistair Routledge, seeking a meeting to address matters related to the challenges the company has been facing with the...

Government ‘highly disappointed’ over gas compressor issue, examining implications of revenue loss

The Guyana government said on Wednesday it was ‘highly disappointed’ with ExxonMobil’s inability to resolve ongoing issues with the flash gas compressor system on the Liza Destiny FPSO which on three occasions since oil production began in December 2019,...

Major expansion works at Guyana Shore Base set to pull more projects from T&T

Just under six years since its first oil discovery and around 16 months since production began, shore base capabilities in Guyana to service the offshore operations are rapidly growing resulting in an increasing number of projects being moved from...

Exxon reduces oil production levels in Guyana as additional issues encountered with gas compressor system

In an update on Tuesday, ExxonMobil Guyana said as the final testing phase of the reinstalled flash gas compressor and other components of the system on the Liza Destiny FPSO was being conducted, an additional problem with the discharge...

Saipem to proceed with US$350 million work scope for world’s largest liquefied natural gas company

Italian multinational oilfield services company Saipem said Tuesday it has received confirmation from Qatargas for the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project, the award of which was communicated...

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MODEC’s next Guyana FPSO: Essequibo 1899

The Essequibo 1899 floating production, storage and offloading (FPSO) vessel will serve ExxonMobil’s seventh sanctioned development in the Stabroek...