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‘Strategic shift in vision’ delivered Guyana’s largest shore base, now 10 years old   

Ten years ago this month, Guyanese company Muneshwers Limited acquired a 30-acre property on the outskirts of Georgetown, the country’s capital city, with a plan to pursue development of a container terminal for its shipping business. But following ExxonMobil’s worldclass...

Photos: Guyana’s US$100 million oil & gas and hospitality college for 2024 opening

The Guyana Technical Training College Incorporated (GTTCI) is set to launch operations by next year, with the first phase nearing completion this quarter. The government of Guyana and ExxonMobil are the major partners in this venture. SBM Offshore is...

Gas to Energy Project – the most transformational project in Guyana’s history

By Cristina Caus - OilNOW The Gas-to-Energy project is an embodiment of Guyana’s mission to transform its historically underperforming economy, now one of the fastest growing, into a world-class and competitive environment. The GtE project represents one of the largest...

Plagued by challenges, CGX promises first oil offshore Guyana by 2030

CGX Energy and Frontera Energy, partners in the exploration of the Corentyne block offshore Guyana, have announced their strategic plan to commence oil production by 2030. This announcement came during a public technical presentation on December 11, 2023, where...

Gas strategy to position Guyana as centre of regional integration

Guyanese regulators are in the process of finalizing the nation’s gas strategy, which will guide authorities in transforming the country into a hub for regional integration. Speaking on the importance of the strategy, President, Dr. Irfaan Ali recently reminded...

Liquid content in Guyana’s gas fields could prevent straightforward deployment of floating LNG facility

With oil production in Guyana set to hit 600,000 barrels per day (bpd) next year and cross the one million bpd mark by 2027, monetizing the large volumes of associated gas discovered to date at the ExxonMobil-operated Stabroek Block...

Local farm commissions cutting-edge greenhouse supported by SBM Offshore Guyana

Plympton Farms achieved a milestone under the Green Farms Initiative, inaugurating a three-acre greenhouse at Dora along the Linden Highway on November 24. The ceremony marked the culmination of a pivotal stage in a tripartite collaboration between SBM Offshore...

McDermott secures contract for engineering and construction at Trinidad & Tobago’s Manatee gas field project

U.S.-based contractor McDermott has clinched a contract to spearhead engineering and construction efforts at the Manatee gas field project in Trinidad and Tobago, a venture initiated by Shell. This latest development follows McDermott being granted a limited notice to proceed...

Ministry of Labour bolsters offshore safety credentials for certified officers for oil platforms 

In a proactive move towards bolstering safety measures within the offshore oil sector, the Ministry of Labour proudly announced the certification of additional officers to work on floating production, storage, and offloading (FPSO) oil platforms operated by ExxonMobil Guyana.  According...

Shell Egypt discovers gas reservoir in Mediterranean exploration campaign 

Shell Egypt announced the successful completion of drilling its initial well, Mina West, a win in its three-well exploration campaign in the North East El-Amriya block, situated in the Mediterranean Sea. The drilling operation uncovered a gas-bearing reservoir, Shell...

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Oil jumps past $109 as Trump signals escalation in Iran conflict

Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply...