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Guyanese investors confident of delivering world class shore base to Exxon

OilNOW -
Director of the Vreed-en-Hoop Shore Base Inc. (VEHSI) Nicholas Deygoo-Boyer remains confident of the company’s ability to deliver a fully operational shore base to Stabroek Block operator ExxonMobil Guyana come December 2023. Vreed-en-Hoop Shore base Inc. is a joint venture...
News

Local Content law was never designed to hinder investment – Guyana Minister 

OilNOW -
Guyana is abuzz with economic activity; a direct result of the massive oil and gas finds in the ExxonMobil-operated Stabroek Block, and this has led to increased interest from investors across the globe looking to cash in on the...
Exploration

Frontera to pump one-third of 2023 CAPEX on Guyana projects – CEO

OilNOW -
One-third of Frontera Energy’s 2023 capital expenditure budget will be spent on its operations in Guyana, said Chief Executive Officer (CEO) Orlando Cabreles. Frontera’s CAPEX spend this year, Cabreles said, should fall between US$385 million and US$440 million. “.. and one-third...
News

Gov’t to pay Exxon US$55M each year to recover cost for gas pipeline

Shikema Dey -
Guyana is set to pay ExxonMobil Guyana US$55 million each year in recovery costs for the massive gas pipeline being built by the oil giant for its landmark gas-to-energy project. This update was provided by Winston Brassington, Head of Guyana’s...
News

Exxon working to more than triple Guyana oil production by 2027

OilNOW -
By 2027, Guyana oil production is expected to hit 1.2 million barrels per day (bpd), making it the second largest producer in South America, after Brazil, based on current output across the region. Liam Mallon, ExxonMobil’s Upstream President confirmed the...
News

Brazil, Kuwait, Qatar eyeing partnership with Guyana – VP

Shikema Dey -
Guyana’s consideration to possibly establish a national oil company has been shelved, Vice President Dr. Bharrat Jagdeo said at the International Energy Conference. Instead, South America’s rising oil star will be focusing efforts on more direct government-to-government engagements for oil...
News

Guyana is superb example of what an aligned partnership can do – Exxon Upstream President 

OilNOW -
ExxonMobil’s Upstream President, Liam Mallon, says in almost every scenario moving forward, when it comes to meeting the world’s energy needs, oil and gas remain vital. This will be a key part of his message at the International Energy Conference...
News

Texan fluid solutions provider launches tech in Guyana offshore market

OilNOW -
Impact Fluid Solutions, a provider of advanced oilfield additives designed to tackle complex wellbore issues, said it is availing its products to operators in Guyana.  Impact’s offerings include its FLC® drilling fluid additives and SHIELD BOND® cement spacer system, built...
News

Exxon looking for tiebacks to support potential Ranger development offshore Guyana

Shikema Dey -
ExxonMobil has plans to test its Ranger discovery in the Stabroek Block, President of the Guyana operations, Alistair Routledge, confirmed on Feb. 9. Made in 2018, it was Exxon’s sixth discovery and was its deepest in that year, some 60...
News

Exxon ‘looking very closely at potential for gas development’ offshore Guyana – Routledge

OilNOW -
ExxonMobil Guyana President, Alistair Routledge said ExxonMobil is “looking very closely at the potential for gas development” offshore Guyana. He noted during a media conference in Georgetown on Thursday, that such development(s) would be somewhat unique given the presence of...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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