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Authorities reviewing development plan for Guyana’s largest offshore project

Guyana’s Minister of natural Resources (MNR), Vickram Bharrat, on Monday participated and delivered remarks at a virtual stakeholder meeting to officially commence the review of the Yellowtail Field Development Plan (FDP). ExxonMobil affiliate Esso Exploration & Production Guyana Limited (EEPGL)...

SBM Offshore providing training opportunities for Guyanese to work on FPSOs

SBM Offshore is providing the opportunity for Guyanese to be equipped with the skills and knowledge to work onboard Floating Production Storage and Offloading (FPSO) vessels operating offshore the South American country, through its Trainee Technician Programme. This aligns...

Guyana – one of the world’s last oil and gas frontiers

This article was first published in the T&T Business Newsday on October 21, 2021. ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...

Opposition calls for comprehensive studies on gas-to-energy project in motion to Parliament

Guyana’s main Opposition party, the A Partnership for National Unity + Alliance For Change (APNU+AFC), submitted a motion to the Clerk of the National Assembly, Mr. Sherlock Isaacs, on Wednesday which calls for comprehensive studies to be done before...

Exxon confident in performance of gas compressor on new Guyana FPSO

Guyana’s largest floating production storage and offloading (FPSO) vessel arrived offshore this week for oil production activities at the ExxonMobil-operated Stabroek Block. The U.S. oil major says it is confident that the equipment on the SBM Offshore built and...

Exxon debates abandoning some of its biggest oil and gas projects

By Christopher M. Matthews, Emily Glazer - The Wall Street Journal (Fox Business) Exxon Mobil Corp.’s XOM 0.55% remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy in a...

Exxon set to begin public discussions on Guyana’s largest offshore project

ExxonMobil local affiliate Esso Exploration and Production Guyana Limited (EEPGL) is forging ahead with its fourth offshore project at the Stabroek Block, the largest to date, at the Yellowtail Development. The company has since submitted the Environmental Impact Assessment (EIA)...

Combined solution for Guyana-Suriname gas might be appropriate, says TotalEnergies CEO

CEO of TotalEnergies, Patrick Pouyanne, said while a rapid development of Suriname oil resources would be desirable financially, how to "valorize" the associated gas remains a big question and with similar considerations offshore Guyana, a combined solution for commercializing...

China’s gas demand has returned stronger than before

By Miaoru Huang - Research Director, APAC Gas & LNG at Wood Mackenzie After a pandemic slowdown last year, China’s demand for gas appears to have returned stronger than before. In H1 2021, China’s gas demand saw a 16% year-on-year...

Guyanese will lose out on oil and gas opportunities unless swift action is taken on local content, warns key private sector player

A key player in Guyana’s business community is sounding a dire warning that if swift action is not taken to implement local content legislation, Guyanese will continue to lose out on major procurement opportunities for the offshore oil developments. “I’ve...

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Letter to the Editor: Seeing change in simple ways

Dear Editor, Some time ago, I wrote about how surprised I was to see real benefits from Guyana’s growing oil...