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Big ramp up in Guyana offshore activities see Exxon looking to expand shore base services

ExxonMobil Guyana is planning to put in place an enabling agreement for project shore base facilities, equipment, and services to support future projects in the new South American oil producing country. The energy company is looking to identify Contractors who...

Rivalry in the Guyana Suriname Basin, the Holy Grail of oil & gas

By Anthony T. Bryan – OilNOW From Trinidad and Tobago (T&T) it is about one hour flying time south to Georgetown the capital of the Republic of Guyana and another hour flying south to Paramaribo the capital of Suriname. These two...

Suriname lines up new shore base port

(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms of discovered oil and gas reserves. And all this from just one offshore find in Block 58, and without counting...

Capacity development funding by oil companies not a cost to Guyana but an investment in the people – Gov’t

Having recognised that Guyana is now building the human resource capacity to service the oil and gas industry; the government has laid out the expectation that oil and gas companies will place capacity building of Guyanese on the front...

University of Guyana increasing petroleum programmes, VC notes strong interest

The oil and gas industry in Guyana is rapidly expanding, and the country continues to place keen focus on local content; however, the lack of skilled personnel to meet the needs of the sector has been a challenge. The...

CGX looking to spud Kawa-1 well later this year, forging ahead with deep water port

CGX Resources Inc. (CRI), operator of the Corentyne and Demerara blocks offshore Guyana, said on Tuesday it continues to pursue its exploration program in the South American country and will look to spud the Kawa-1 exploration well on the...

Staatsolie boss wants Guyana, Suriname to build world-class shore base as oil discoveries grow

Both Guyana and Suriname are without adequate shore base facilities to support the growing needs of oil companies that continue to ramp up exploration and production activities offshore the two countries. But this state of affairs could change quite...

Edison Chouest moves towards employing 100 percent Guyanese workforce

US marine transportation service provider, Edison Chouest Offshore, through its local affiliate G-Boats (Guyana) Inc, has set ambitious targets for the employment of Guyanese to staff their in-country operations, with plans of moving their workforce from 73 percent local,...

Guyanese companies being prioritised for contracts as Schlumberger pursues major expansion

Oilfield Services Company Schlumberger is pursuing an aggressive local content programme that will see employment opportunities opening up for Guyanese as well as priority being given to local companies for a number of upcoming tenders. Schlumberger is the world’s largest...

Exxon reports steady progress in Guyana’s supplier-base, workforce capacity

ExxonMobil Guyana asserted on Tuesday that the South American country has made steady progress in the expansion of the nation’s capacity to build a skilled workforce and create a competitive supplier base to support its oil and gas operations. The...

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The last time oil prices were this high was the 2022 Ukraine war 

The last time Brent crude traded above US$100 per barrel was in 2022, when Russia’s invasion of Ukraine triggered...