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Positive O&G outlook will drive Guyana’s GDP higher over next 10 years – Fitch Solutions

Financial information services provider Fitch Solutions says the first oil discovery outside the Stabroek block will serve to buoy investor sentiment to projects in deepwater Guyana more broadly while pointing out that the positive outlook for oil and gas production will...

Orinduik oil strike sparks renewed call for legislation to be urgently enacted

Following the announcement on Monday by Tullow Oil that it had made its first discovery offshore Guyana, private sector stakeholders have renewed their calls for the requisite legal and regulatory framework to be urgently put in place if the...

SBM Offshore Q2 earnings increase 19% as Liza FPSO projects progress

Dutch floater specialist SBM Offshore’s directional revenue as of June 30, 2019 totaled US$965 million, representing an increase of US$157 million or 19% compared with the same period last year. This increase was driven by a higher activity level...

CGX moving to execute seismic survey on northern region of Corentyne block ahead of drill campaign

CGX Energy said Friday that a resequencing of its work programme in the Corentyne block has been approved by means of an addendum to its Corentyne Petroleum Agreement by the Government of the Cooperative Republic of Guyana. CGX Resources...

Minister hopes UG’s ‘Intelligent Radio’ brings back smart reporting

Intelligent Radio Studios is the newest station on the nation's airwaves. On Thursday, July 18, 2019, the University of Guyana (UG), with support from ExxonMobil Guyana, celebrated the revitalization of UG's campus radio programming. The University had established its...

Guyanese businesses urged to push for meaningful participation in O&G

Training, capacity building and having a stake in the operations of businesses entering the country to tap into opportunities in oil and gas are some of the key targets Guyanese are being urged to pursue as the South American...

Tullow spuds Guyana wildcat; results expected in August

UK-based Tullow Oil and its joint venture partners have spudded their first well at the Orinduik Block offshore Guyana located just miles away from the multi-billion-barrel Stabroek Block where US oil major ExxonMobil has to date made a record...

Guyanese sister companies providing support services for Harvey Gulf

Two indigenous Guyanese sister companies are stepping up their operations in the new South American oil and gas hotspot, pushing local content for US-based Marine Transport Company, Harvey Gulf. Western Logistics and Pandora Energy are working in tandem to provide...

Guyana oil development unaffected by political tug-of-war

As political uncertainty in Guyana intensifies following a court ruling on Tuesday that paves the way for early elections, oil development offshore remains firmly on course and all systems are in place for production start-up within months. The David Granger-led...

Guyanese company looking to boost aviation manpower capacity as country preps for first oil

Guyanese firm, Orinduik Development Inc., is seeking to strengthen the country’s aviation sector through the establishment of an institute - Guyana Aviation Polytechnic - that will offer a range of programmes in aviation technology, as the South American country...

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Environmental permits and production licenses serve distinct roles for oil and gas developments

Oil and gas development projects proceed with two key approvals: environmental permits and production licenses. They cover different aspects...