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Edison Chouest-John Fernandes JV looking to expand Guyana operations

Edison Chouest Offshore, a transportation solutions provider based in Louisiana, is looking to expand its operations in the new oil producing country of Guyana. The company’s local affiliate, G-Boats, is currently operating an oil and gas offshore support terminal with...

Oil hits $80 a barrel for the first time in 3 years

(Reuters) Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3%, to $80.58...

CNOOC raising billions to fund Guyana, other projects

Chinese state-owned oil and gas company CNOOC is raising 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects including Payara, offshore Guyana, where it has...

EPA set to hold public hearing on Canje Block 12-well campaign

The Environmental Protection Agency (EPA) in Guyana is scheduled to hold a public hearing next month on ExxonMobil’s proposed 12-well exploration and appraisal drilling programme which is targeting start-up in 2022. The EPA said in a notice on Friday the...

China set to splurge over $120 billion on services and drill 118,000 wells through 2025

China is looking to pump up oil and gas production in the years ahead to meet climbing domestic demand and reduce the record-high share of imports in its oil consumption. A Rystad Energy report projects a surge in spending...

Schlumberger, Halliburton, Baker Hughes among major companies moving services to Guyana – Exxon

A growing number of companies operating in Guyana’s oil and gas industry are moving more of their supply operations from Trinidad and Tobago and other locations to the South American country, as local capacity to execute projects increase. ExxonMobil Guyana...

Touchstone makes major discovery in Trinidad at deepest exploration well to date

Touchstone Exploration Inc. announced on Friday that it has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Royston-1 was drilled to a total...

Guyana oil will find its way to market one way or another – IHS Markit Analysts

Despite the challenges of the COVID-19 pandemic and growing pains related to oil production in a new area, analysts say Guyana offshore activities will remain robust and continue to grow. Speaking on a podcast focusing on upstream developments offshore Guyana...

Head of Guyanese energy chamber says Exxon moving in right direction on local content

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, said on Monday the organisation welcomes the comments made by President of ExxonMobil Guyana, Alistair Routledge, that by next year the company is moving almost all its...

Accelerate-Her weekend bootcamp building capacity of Guyanese women entrepreneurs

The first batch of Guyanese women entrepreneurs participated over the weekend in a bootcamp organised by the Centre for Local Business Development under its Accelerate-Her programme. This programme is funded by ExxonMobil Guyana and Stabroek Block co-venturers Hess and...

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SBM Offshore subsidiary seeks local suppliers for steel, timber and safety equipment

Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, is seeking information from Guyanese suppliers for steel...