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Qualco partners with three Guyanese companies to offer expanded oil and gas services

OilNOW -
Quality Companies LLC, with its local affiliate Qualco Guyana, has joined forces with three Guyanese companies – HHSL Safety Systems Guyana Inc., Nexus Machining & Fabrication and Latitude Geospatial – to increase its service offers to Guyana’s nascent oil...
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Jagdeo defends Exxon recovering cost of Ogle facility

OilNOW -
Vice President Dr. Bharrat Jagdeo last Friday defended the government’s position to support ExxonMobil recovering the US$160 million cost of its Guyana onshore facility, through the cost oil mechanism in the Stabroek Block Production Sharing Agreement (PSA). ExxonMobil Guyana President,...
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Exxon’s new US$160M Guyana base to feature state-of-the-art offshore command centre

OilNOW -
An offshore command centre is being built within ExxonMobil Guyana’s new operating base, currently under construction at Ogle, East Coast Demerara. Its President, Alistair Routledge told a news conference on Feb. 9 that the building – which recently gained the...
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Transocean to buy stake in deep sea mineral explorer, in support of energy transition

OilNOW -
Transocean said that one of its wholly owned subsidiaries has agreed to invest in Global Sea Mineral Resources NV (“GSR”) in exchange for a non-controlling interest in the company. GSR is the deep-sea mineral exploratory division of DEME Group NV...
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‘Don’t ask me the question a hundred times!’ – Ali says Exxon contract stays

Kemol King -
Guyana President Dr. Mohamed Irfaan Ali said Friday that discourse in Guyana about the Stabroek Block Production Sharing Agreement (PSA), particularly the call for renegotiation, has become one of obsession and paranoia. “Don’t ask me the question a hundred times,”...
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Exxon awaiting final terms for new PSC to decide on Guyana bid round

OilNOW -
ExxonMobil Guyana President Alistair Routledge said Thursday that the company has registered for the offshore licensing round the government launched in December. “We’re always interested in new acreage,” he said during a media conference in Georgetown. “And clearly, we’ve had...
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Unintended negative consequences could come from windfall taxes – Exxon Head

OilNOW -
Counterproductive. That is how ExxonMobil describes windfall taxes. And it is sticking to this position, so much so that it filed a lawsuit against the European Union (EU) back in December to challenge its introduction. The EU windfall tax allows...
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NetBenefit Software looking to extend local content tracking success to Guyana

OilNOW -
Guyana passed Local Content legislation a little over a year ago to ensure that its citizens get the most out of the petroleum resource – a whopping 11 billion barrels discovered in the Stabroek Block and counting. Now, NetBenefit Software...
News

Exxon to utilise Stena DrillMAX for Kokwari exploration well offshore Guyana

OilNOW -
ExxonMobil Guyana’s Kokwari-1 exploration well is expected to be drilled between February and July 2023, utilising the Stena DrillMAX. Guyana’s Maritime Administration Department (MARAD) in a notice to mariners said the well site is situated approximately 190 kilometres off the...
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2022 was standout year for exploration – WoodMac

OilNOW -
UK-based consultancy group Wood Mackenzie has dubbed 2022 a standout year for exploration – the strongest in more than a decade. The global exploration sector, in its bid to improve portfolios by adding lower-carbon, lower-cost advantaged barrels, created at least...
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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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