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John Fernandes Ltd. expands reach in oil sector with plans to construct storage facility

OilNOW -
Guyanese shipping company John Fernandes Ltd. is looking to extend its reach in the oil and gas sector with the construction of a storage facility. John Fernandes Ltd. has already been building its oil and gas portfolio by providing...
News

ExxonMobil building strong partnerships, sees Guyana capacity growing – Routledge

OilNOW -
Building strong partnerships with key stakeholders in Guyana and supporting the development of local business have been areas of special interest for ExxonMobil in its operations in the South American country. This is according to President of ExxonMobil Guyana, Alistair...
News

Payara subsea award is the largest since 2014

OilNOW -
Payara, ExxonMobil’s 3rd development at the Stabroek Block offshore Guyana, has made way for the award of the largest subsea contract in the oil and gas industry since 2014. This comes in a year which one industry analyst describes as...
News

Westwood expects 2020 to close off with flurry of contract awards, Exxon’s Payara to push uptick

OilNOW -
Sanctioning of the Payara Development offshore Guyana has been driving several contract awards and confirmations with companies in the oil and gas industry ranging from vessel construction to subsea installation. The US$9 billion project was approved by Guyanese authorities in...
News

ExxonMobil among big players set to participate in virtual O&G conference

OilNOW -
A high-powered lineup including oil and gas industry leaders, and officials from the Guyana and Barbados Governments will participate in the inaugural Caribbean Virtual Oil and Gas Summit (CARIVS) set for September 15-17, 2020. Guyana’s Minister of Natural Resources, Honourable...
News

Caribbean’s first virtual Oil and Gas summit planned for September

OilNOW -
Valiant Business Media (UK) and Valiant Business Media (Guyana) will host the Caribbean’s first virtual oil and gas summit from September 15-17, 2020 in response to fast-growing interest in in the Region’s energy sector among prospective investors and other...
News

Guyanese engineers install subsea production assets for Liza Phase 1

OilNOW -
A team of Guyanese Engineers, working as Remotely Operated Vehicle (ROV) Pilots / Technicians for Offshore Innovators (Guyana) Inc. (OIG), have successfully supported the installation of their country’s first ever subsea field, making first oil possible at ExxonMobil’s Liza...
News

Coronavirus will delay FPSO deliveries, postpone US$30B in investments – Rystad Energy

OilNOW -
Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore. Rystad Energy expects the outbreak of the coronavirus disease...
Discoveries

Offshore drillers look to Guyana, Suriname as global market struggles to recover – S&P Global

OilNOW -
(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them discover then recover massive amounts of crude oil locked beneath the floor of the Atlantic...
News

Capacity constraints casting dark cloud over oilfield service industry – Rystad Energy

OilNOW -
A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. About 250 new...
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Latest News

NewsShikema Dey -

Major energy and infrastructure projects to define Guyana’s next few years

Over the next few years, President Irfaan Ali’s second term will see Guyana advancing key projects that place energy...

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