This week marks one year since a new government was sworn into office in Guyana following a 5-month ordeal that threatened the South American country’s fragile democracy. The Guyana Elections Commission (GECOM) declared the opposition People’s Progressive Party Civic...

Oil field services company Schlumberger plans to upgrade its Fluids Laboratory in Guyana to improve overall efficiency and service delivery. This is according to an advertisement placed in the local press requesting the submission of Expressions of Interest (EoIs). The...

By Terrence R. Blackman, Ph.D. – OilNOW In a recent news report, CGX Energy Inc announced that the drilling of the Kawa-1 well, the first well at the Corentyne Block offshore Guyana, is set to commence before August 15. This undertaking...

ExxonMobil Guyana plans to put in place an enabling agreement for the provision and operation of Multi-Purpose Support Vessels (MPSVs), Platform Support Vessels (PSVs), and Fast Support Vessels (FSVs) for offshore activity in the new oil producing South American...

Authorities in Guyana remain steadfast on bringing on stream the Petroleum Commission and Local Content Policy, two crucial elements of Guyana’s regulatory framework for the oil and gas industry. This was recently highlighted by Minister of Natural Resources, Vickram...

Oilfield Services Company Schlumberger says its performance in the second quarter of 2021 marks a leap forward in achieving its full-year financial targets with the potential for further upside given the right conditions. Second-quarter global revenue grew 8% sequentially, outperforming...

ExxonMobil Guyana says it has been pursuing various initiatives to ensure hundreds of Guyanese are able to take up leading roles in supporting the operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel. Public and Government Affairs Advisor, Janelle Persaud, disclosed...

Annand Jagesar, Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname, is encouraging Guyana to pursue basin opportunity upgrades by way of independent surveys that would provide authorities with a better understanding of the prospective resources of offshore...

By Terrence R. Blackman, Ph.D. – OilNOW Part 1 On June 09, 2021, ExxonMobil announced newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 at Longtail-3 offshore Guyana. The well, located approximately two miles (3.5 kilometers) south of the Longtail-1 well,...

Work is on schedule for the operationalization of a major offshore oil and gas support shore base in Guyana by mid-2022 and for the operationalization of a containerized cargo, agricultural cargo and specialized cargo terminal by the end of...