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Over eight months in – Guyana producing oil ahead of its time – Francis Kiernan

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US oil major ExxonMobil announced its first world class discovery in May 2015 at the Liza field offshore Guyana. The well encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs and was safely drilled to 17,825...
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Guyana now in the big league – exporting crude to Europe, China and India – Bobby Gossai Jr.

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Guyanese economist Bobby Gossai Jr says with the level of investment being made in Guyana’s oil and gas sector and the country becoming the newest oil producer in the region, it is no longer a “small country” but is...
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Local content legislation for Guyana Parliament by year-end

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Draft local content legislation should be ready for Parliament by the end of the year in South America’s newest oil producing nation – Guyana – where the recently installed government has been advocating for more benefits for the country...
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‘Leaving the oil in the ground’ is not an option for Guyana – Vice President

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Vice President of Guyana, Dr Bharrat Jagdeo believes that it is unrealistic to call for the developing South American country to leave its giant oil discoveries - made over the past five years – undeveloped, while the needs of...
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Petrobras-led Libra Consortium awards TechnipFMC ‘large’ contract

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TechnipFMC is reporting that it has been awarded a large contract for Engineering, Procurement, Construction, and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium. That consortium, which was formed by Petrobras,...
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The approach of Guyana’s new government in developing its multi-billion-barrel oil resources

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The newly installed government in Guyana says it is seeking to change the country’s approach to oil and gas by ensuring benefits to Guyanese from the offshore resources are maximized. Officials of the now two-week old administration have said...
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Payara review included in-depth assessment of eleven key areas

OilNOW -
Through the engagement of a specialist firm in December 2019, the in-depth review of the Field Development Plan (FDP), Environmental Impact Assessment (EIA) and supporting documents for the Payara development also included an assessment of eleven key areas of...
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Staatsolie lays out key objectives for Suriname ahead of deepwater oil production

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With a string of discoveries, ongoing exploration, and multiple targets yet to be drilled, Suriname is on the verge of becoming an offshore oil producer. State oil company, Staatsolie, says it hopes to see several objectives being achieved as the country moves...
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Former Premier of Alberta in Guyana to review Payara development

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Former Premier of Alberta, Canada, Alison Redford QC, has been engaged by authorities in Guyana to review the Payara development contract. The Ministry of Natural Resources (MNR) said on Saturday, subject Minister, Vickram Bharrat met with Ms. Redford along with...
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Consultant for Payara review expected within days – Natural Resources Minister

OilNOW -
The independent consultant being engaged by the Government of Guyana to review the work that has been done so far by the Department of Energy for the 220,000 barrels per day Payara Development Project is expected to arrive in...
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Modern Port Act, independent Port Authority on the cards for Guyana – President Ali 

Guyana is set to introduce a Modern Port Act aimed at transforming its maritime legal framework to meet international...

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