The following is an opinion piece by David Blackmon, an independent energy analyst/consultant based in Mansfield, TX., published in Forbes on February 13, 2021.Â
The question of local content inevitably becomes a significant factor anytime oil companies move into a...
ExxonMobil and co-venturers on the Stabroek Block, Hess and CNOOC, have affirmed that their commitment to Guyana extends beyond the oil and gas sector. The companies are investing billions of Guyana dollars in capacity-building and the economic development of...
CGX Resources Inc. (CRI), operator of the Corentyne and Demerara blocks offshore Guyana, said on Tuesday it continues to pursue its exploration program in the South American country and will look to spud the Kawa-1 exploration well on the...
The total liquids capacity of the Liza Destiny floating production storage and offloading (FPSO) vessel exceeds 150,000 barrels per day (bpd) with gas capacity of 190 standard cubic feet per day, company officials told reporters on Monday.
In explaining the...
The establishment of an electricity grid to connect the Arco Norte region of South America has been long in the making, with studies already conducted, but now the conversation has commenced on utilising the energy potential of Guyana and...
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals. The success rate rose to 41% from 32% in 2019...
As exploration and production activities offshore Guyana continue to expand, so too are the needs of the multiple contractors servicing the oil and gas industry. Over 700 local businesses participated this week in ExxonMobil’s virtual Guyana Supplier Forum where...
ExxonMobil Guyana said on Friday that a technical team has safely removed the 3rd stage compressor from the package enclosure on the Liza Destiny FPSO and is preparing it for transport onshore. An initial examination determined that the unit has...
Cognizant of the fact that the effects of climate change are becoming more severe year after year, world leaders have heightened steps to reduce carbon emissions. In fact, some countries have already begun introducing a carbon tax, the rationale...
Although faced with its most challenging year to date due to the impact of the coronavirus pandemic, U.S. oil major ExxonMobil made significant strides in South America last year, extending its position across multiple basins off the continent's northeastern...
