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Schlumberger, Sintela ink deal to boost fiber-optic solutions across multiple industries

Oilfield services company, Schlumberger, has partnered with technology development organization, Sintela, to co-develop new fiber-optic solutions in an agreement that will leverage industry-leading technologies from both companies to develop edge-enabled solutions that improve customer performance. Sintela designs and delivers world leading fiber sensing systems for industrial...

EPA ties ExxonMobil’s Yellowtail permit to rigid provisions for reducing emissions

While the Environmental Protection Agency (EPA) has granted ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) permission to move ahead with its US$10B Yellowtail Project, it has done so with several rigid conditionalities attached. With respect to air management,...

IDB taking more aggressive stance on energy transition

The Inter-American Development Bank (IDB), a financier of Guyana projects for many years, signaled in a report that its support for new ventures is taking a more aggressive approach where decarbonization and adaptation are concerned. The policy is stated in...

Environmental impact of Exxon’s proposed 24-well campaign ‘negligible to low’, says EPA

Guyana’s Environmental Protection Agency (EPA) disclosed on Tuesday via two screening decision documents that no Environmental Impact Assessment needs to be conducted for ExxonMobil’s proposed 24 well campaign at the Kaieteur and Canje Blocks. The regulatory body said its screening...

ExxonMobil’s local content investment now over US$600M since 2015

The development of ExxonMobil’s projects and continued exploration success in the Stabroek Block is pushing the steady advancement of local capabilities and enhanced economic growth in Guyana. In a press release on Monday, ExxonMobil revealed that since 2015, it has...

Comprehensive demand, supply analysis key to success of Guyana’s biggest transformational project – Economist

As Guyana prepares for construction to commence later this year on the Gas-to-Energy project, former Director of Economics at the Caribbean Development Bank (CDB), Dr. Justin Ram said the country would do well to make sure its natural gas...

Rice mill giant to fund US$2M mining project in response to oil sector boom in Berbice

Investments being made by CGX Resources Inc. in the county of Berbice are beginning to increase demand for various products and services. One large-scale business is taking advantage of the opportunity. Rice mill giant, Nand Persaud & Company Ltd., is...

Oil spill simulated during response exercise in new petroleum hotspot

Authorities in Guyana simulated a tier two oil spill on Wednesday as it tested its national response mechanisms. A tier two response involves the mobilization of national and regional resources to respond – one notch above tier one, the...

Third Guyana oil production vessel leaves dry dock

The giant Prosperity FPSO, Guyana’s third oil production vessel, has left dry dock and is moving to quayside for the subsequent phases of the project set to deliver another 220,000 barrels of oil per day to the new oil...

Community engagement sessions held for Port of Vreed-en-Hoop project

NRG Holdings Incorporated conducted community engagements on March 25-26 for its landmark Port of Vreed-en-Hoop project. Residents from surrounding communities were given the opportunity to ask questions and raise concerns on the potential impact of the development. The activity...

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First drilling equipment departs for Suriname’s GranMorgu project

TechnipFMC has reported further progress on Suriname’s GranMorgu offshore oil project following the delivery of critical subsea equipment. The company...