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Qatar, Shell hit pay for third time at Namibia’s hottest offshore prospect

QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. This is the third discovery made at the prospect. It said the Jonker-1X well was drilled to a total depth of...

Gas strategy to address monetisation of discoveries beyond Liza field – Jagdeo

Vice President Dr. Bharrat Jagdeo disclosed Friday that Guyana’s National Gas Strategy will examine the monetisation of resources that are outside of the Stabroek Block’s Liza field. The official said this document will be finished by year-end, adding that...

Guyana about to sign oil & gas MoU with India government

Guyana’s Vice President Dr. Bharrat Jagdeo is preparing to sign a memorandum of understanding (MoU) with the government of India. According to Guyana’s Department of Public Information (DPI), the MoU is meant to foster cooperation in the oil and gas...

Agriculture and the Oil and Gas Economy

By Utamu Belle and Dr. Terrence Blackman – OilNOW The ninth installment of the Guyana Business Journal (GBJ) and Caribbean Policy Consortium (CPC) webinar series, “Transforming Guyana,” focused on “Guyana’s Agricultural Sector and the Oil and Gas Economy.” Farming and energy...

Two-thirds of Guyana offshore development costs pumped into wells, subsea infrastructure – Routledge

ExxonMobil’s projects in Guyana’s Stabroek Block carry hefty prices. Its fifth – Uaru – carries the highest thus far: US$12.683 billion, since it will be the biggest offshore development, rivalling neighbouring Brazil. These projects require massive floating, production, storage and offloading...

SBM Offshore on track to meet FPSO delivery deadlines despite pandemic

In an update on its new build activities, Dutch contractor SBM Offshore said it remains on track to deliver its floating production, storage and offloading (FPSO) vessels by agreed-upon deadlines. This is in spite of setbacks from the COVID-19 pandemic...

Maxar’s Crow’s Nest to boost Guyana’s monitoring of offshore operations

Guyana’s Environmental Protection Agency (EPA) has teamed up with Maxar Technologies for the provision of environmental monitoring services for both offshore and terrestrial applications. Executive Director, Kemraj Parsram said it falls under the Agency’s updated mandate to modernise its operations...

Guyana gov’t banking on earnings from sale of NGLs to repay Exxon for Gas-to-Energy project

Guyana will owe ExxonMobil and its co-venturers US$1 billion for the cost of the pipeline and associated infrastructure that it has been charged with developing for the Gas-to-Energy project. And according to Vice President Dr. Bharrat Jagdeo, this project...

With increasing offshore projects, SBM Offshore looks to expand Guyana supplier base

SBM Offshore held a vendor forum on Friday, the closing day of the International Energy Conference and Expo 2023, at the Marriott Hotel. The company needs an expanded supplier base, as it is building, delivering and operating an increasing number...

SBM Offshore Vendor Forum, youth engagement sessions on today at Int’l Energy Conference

SBM Offshore Guyana is set to host a Vendor Forum today at the International Energy Conference which is being hosted at the Guyana Marriott Hotel in Georgetown. The forum, scheduled for 9:00 am, presents an opportunity for stakeholders and local...

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Romona Leonard charts her offshore path aboard the Stena DrillMAX

From hospitality roots to offshore responsibility in Guyana’s oil and gas industry, Romona Leonard supports daily operations onboard the...