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Safe operations, multiple discoveries and big local spend mark outstanding year in Guyana for Exxon

President of ExxonMobil Guyana Alistair Routledge says the company has had a safe year of operations in line with its commitment to “Nobody Gets Hurt”. Recalling the safety performance for the year, he disclosed that there were hundreds of...

Benefits to Guyana will go beyond oil revenues if country plays active role in developing resources

Since 2015, the year ExxonMobil made its first world class discovery offshore Guyana, the company has spent more than half a billion U.S. dollars with local suppliers supporting the emerging oil and gas industry. The South American country has...

Local content bill realistic, achievable and dynamic – Gossai Jr.

Senior Petroleum Coordinator at Guyana’s Ministry of Natural Resources, Bobby Gossai Jr., says the Local Content Bill 2021 laid in Parliament last week is a dynamic document that will be continuously updated as the oil and gas industry evolves in...

CGX’s deep-water port to create more than 1,000 jobs

Guyana’s President, Dr Mohamed Irfaan Ali, on Friday paid a visit to CGX’s Deep Water Port site at Palmyra, Berbice where it was highlighted that the construction and operational phase of this US$80 million investment will create more than...

Business groups applaud Guyana government for landmark local content bill

The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Oil and Gas Energy Chamber (GOGEC) have welcomed Guyana’s hallmark Local Content Bill which was tabled in the National Assembly on Thursday. The GCCI, in a statement, reinforced that...

Builder of Guyana FPSOs celebrates five years in new oil province

SBM Offshore, the builder and operator of floating production storage and offloading (FPSO) units operating offshore Guyana, on Wednesday celebrated five years of operations in the new oil producing South American country. The auspicious occasion was marked with the...

Major Guyana projects pushing oilfield service growth – Rystad Energy

Norway-based Rystad Energy recently examined how an accelerated transition to cleaner fuel sources could impact oil and gas suppliers. Using its own data-driven forecasts for energy supply, the energy research and business intelligence company concluded that a rise of 1.6°C...

Local content legislation, NRF amendments to be laid in parliament on Dec. 16 – VP confirms

Guyana's Vice President Dr. Bharrat Jagdeo has given confirmation that the amendments to the Natural Resources Fund (NRF) and the local content Bill will be tabled in the National Assembly next week Thursday, December 16. The Vice President confirmed...

Exxon granted approval from Guyana to conduct carbon-capture study – VP Jagdeo

Guyana’s Vice President Dr Bharrat Jagdeo has announced that ExxonMobil has been given the proverbial green light by the government to conduct studies on carbon capture and storage (CCS) so that the company may utilize it in its local...

Local NGO ‘unwittingly pushing prejudices of developed world’ with calls to halt oil production – Guyana VP

Guyana’s Vice President, Dr. Bharrat Jagdeo remains adamant that developing countries have a right to pursue prosperity through the commercialization of their natural resources in the same way rich countries have done, and continue to do, on a massive...

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ExxonMobil hires Saipem for limited work on proposed Longtail project in Guyana

ExxonMobil Guyana has awarded a limited notice to proceed (LNTP) to Italy’s Saipem, related to its proposed Longtail project...