Oil companies operating in Brazil have long complained about delays getting drilling permits and environmental impact reports approved by the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Just recently, S&P Global Platts reported that Brazil’s National Energy...
The FPSO (Floating Production Storage and Offloading) system is used extensively by oil companies for the purpose of storing oil from the oil rigs in the middle of the ocean and in the high seas. It is one of...
(S&P Global Platts) Royal Dutch Shell PLC is wrapping up a volatile year with caution as its fourth-quarter financial results may include a write-down that could put the company's total impairment charges for 2020 at close to $22 billion. The...
The drill campaign offshore Guyana is set to ramp up in 2021 with multiple wells being targeted across several blocks. According to Westmount Energy Limited, the drill campaigns will happen in a very compressed timeframe for its investors.
The junior...
Despite challenges both at the global and domestic levels, investment in Guyana’s oil and gas sector has remained robust in recent years. In fact, Americas Market Intelligence Co-Director, Arthur Deakin has pointed out that between 2015 and 2019, oil...
Sulzer Pumps UK have awarded GE Power Conversion a contract to supply the motors for the four water injection pumps which will equip a future Floating Production Storage and Offloading (FPSO) vessel. These will be very specific high power...
Guyanese shipping company John Fernandes Ltd. is looking to extend its reach in the oil and gas sector with the construction of a storage facility. John Fernandes Ltd. has already been building its oil and gas portfolio by providing...
The Guyana National Bureau of Standards (GNBS) says 2020 has been a successful year ranging from its responsibility to monitor the million-barrel oil lifts offshore to prepping companies onshore for opportunities in the oil and gas sector.
According to a...
The capabilities of Guyanese businesses in providing services to the emerging oil and gas sector have accelerated over the last two years as more companies move towards building capacity and improving their standards.
In an article published in The Essential...
Today marks one year since Guyana began producing oil. ExxonMobil Guyana said it is celebrating this significant milestone as the Liza Destiny floating production storage and offloading (FPSO) vessel reached full capacity of 120,000 barrels of oil per day...
