Abu Dhabi National Oil Company (ADNOC), one of the world’s leading energy producers, says it will spend a whopping US$150 billion to boost reserves over the next five years to meet the world’s growing energy needs. The massive budget was approved on...

SBM Offshore met with fourth and fifth form students at the Corentyne Comprehensive High School in Berbice last Friday to apprise them of the company’s role in Guyana’s oil sector, and the careers available in the industry. This is the...

Vallourec announced Wednesday that it secured a major line-pipe order for ExxonMobil Guyana’s Uaru project. The Uaru project will be situated in the Stabroek Block, a 26,800 km2 strategic acreage located off Guyana’s continental shelf. The development is targeting approximately 1.3 billion oil-equivalent barrels, the largest project expected offshore...

Global research group, Wood Mackenzie, said last week that Guyana is the most significant new entrant to the global oil industry. It noted that the country will be producing one million barrels of oil equivalent per day (boe/d) within the...

ExxonMobil Guyana is now seeking technical and commercial information from local companies that can provide several insurance policies for the Yellowtail and Gas-to-Energy (GTE) projects. This was noted in a Request for Information (RFI) published on Monday, November 28, 2022. Exxon...

Efforts by authorities in Guyana to establish a consortium of caterers for three of the nation’s floating production, storage and offloading (FPSO) vessels operating at the Stabroek Block could see between US$25 million and US$30 million being earned by...

Before Guyana’s Stabroek Block hits the one million barrel per day (bpd) production mark in the next few years, the government is embarking on a massive education exercise for its people. This is to ensure citizens are equipped with...

Guyana’s Environmental Protection Agency (EPA) on Friday approved the landmark Gas-to-Energy project, based on an environmental impact assessment (EIA) submitted by ExxonMobil Guyana. “The Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment related to...

ExxonMobil Guyana announced Saturday that it is celebrating 365 days of ‘No Hurts’ aboard the Liza Destiny floating production, storage, and offloading (FPSO) vessel operating in the Stabroek Block. “That’s NO injuries; No cuts, NO bruises, NO physical body damage...

Faced with the economic effects of the COVID-19 pandemic as well as the Russia-Ukraine war, energy security and affordability have now become key considerations for governments and policymakers. It is on this premise that Gerard Walsh, Chairman of Westmount...