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Guyana Local Content Panel looking to begin consultations – Vickram Bharrat

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Guyana’s Minister of Natural Resources Vickram Bharrat said on Tuesday that the recently appointed Local Content Advisory Panel has already commenced work and will soon be holding consultations and workshops with the relevant stakeholders. He was at the time speaking...
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Different terms for other blocks – Guyana Vice President reaffirms

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Speaking at a press conference on Monday, Guyana’s Vice President, Bharrat Jagdeo, reaffirmed the  government’s position on the Stabroek Block Production Sharing Agreement (PSA), noting that it will not seek to renegotiate the deal but will however, be looking...
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Total drops operator role for five exploration blocks in Brazil

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French multinational oil and gas company Total said on Monday it had notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore...
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Saipem FDS 2 preparing seabed infrastructure for Liza Phase 2

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Italian multinational oilfield services company Saipem is in the process of executing pipelaying work with the Crane Ship Saipem FDS 2, for phase 2 of ExxonMobil’s Liza Development offshore the South American country of Guyana. The Saipem FDS 2 is...
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New Guyana government looking to rebuild investor confidence after grueling 5-month elections ordeal – President Ali

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As a result of the electoral impasse which delayed the swearing-in of the new government in Guyana by five months, investor confidence and trust in the new oil producing country has been severely damaged according to its new President,...
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Guyana’s astronomical growth projections based on development of its massive oil fields – Deygoo-Boyer

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Despite the challenges of the COVID-19 pandemic and recent political uncertainty surrounding its elections, Guyana is still projected by the International Monetary Fund (IMF) to be the fastest growing economy in the world this year.    “Oil and gas is...
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No backtracking of spending by ExxonMobil in Guyana – API’s Chief Economist

OilNOW -
The continuation of exploration and production activities offshore Guyana means that the South American country has not seen a backtracking of spending by ExxonMobil as has been the case with other oil majors in various parts of the world. This...
News

PPP/C government urged to embrace dual citizens, avoid wasteful investments – as part of new deal for oil development

OilNOW -
Acknowledging that it was vital Guyana got past its recent political crisis if the country had any hope of benefiting from its vast offshore oil discoveries, two individuals at the Institute of the Americas, University of California San Diego,...
News

Normand Installer set to arrive in Guyana as development work for Liza Phase 2 continues

OilNOW -
Activities are ramping up offshore the South American country of Guyana in preparation for the Liza Phase 2 Development, set to come on stream by mid-2022. The multi-purpose offshore vessel Norman Installer will arrive at the Stabroek Block this...
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Guyana ranks 3rd in the world for FPSO deployments through 2025 – GlobalData says in new report

OilNOW -
The South American country of Guyana is expected to deploy a minimum of three more Floating Production Storage and Offloading units (FPSOs) during the period 2020-2025, placing it at number 3 in the world for floating production vessels, along...
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Guyana’s first major oil & gas training college to welcome full cohort next month

The long-awaited Guyana Technical Training College Inc. (GTTCI) is set to welcome its first cohort of students to be...

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