French multinational manufacturing company Vallourec said Tuesday it has signed a 10-year frame agreement with ExxonMobil Guyana to supply line pipe products for its offshore operations in the new oil producing South American country.
The agreement enables long-term line pipe supply...
Mid-Atlantic Oil and Gas, a Junior partner in the Canje Block offshore Guyana, continues to support the efforts of the Extractives Industry Transparency Initiative (EITI) through the work of its local body, GYEITI.
The Guyanese-owned company has been submitting all...
By Simon Flowers – Chairman, Chief Analyst & author of The Edge at Wood Mackenzie
For over a century, exploration was at the sharp end of the rise of the oil and gas industry. The allure of discovery and huge...
U.S. oilfield services company Schlumberger reported on Friday that it started the second half of 2021 with strong results, delivering another quarter of sequential revenue growth, a fifth consecutive quarter of margin expansion, and a solid free cash flow...
When local and foreign businesses form partnerships to tap into opportunities in the oil and gas sector in Guyana, the Guyanese partner should not just be a majority-owner of the business for it to be considered ‘local’ but should...
Guyana’s President, Dr. Irfaan Ali, told reporters at a press conference in Dubai this week that the new oil producing country is on the verge of realizing its full ‘second to none’ investment potential with the arrival of low-cost...
Guyana's oil sector is set to benefit from the construction of a 20,000 square foot manufacturing facility, resulting from a joint venture between Guyanese owned Global Infrastructure Solutions Guyana Inc. and Emirati owned Unidome Global DWC LLC.
The US$5 million...
By Andrew Latham, Vice President, Energy Research - Wood Mackenzie
These are challenging times for upstream oil and gas, as the industry navigates unprecedented uncertainty. But the pain is not distributed equally. Growth from deepwater is much faster than from upstream...
With three major oil production projects already approved and a fourth one on the way, Guyana’s Vice President Dr. Bharrat Jagdeo said the logistics onshore and related investments in hotels and real estate to manage these developments will run...
By A. Bacchus
Growing up in a small community in Canal Number One, on the West Bank of Demerara, at a time when very few people had dial-up internet and the ‘big back tv’ that required the youngest in the...
