MODEC has secured a significant agreement with Dalian Shipbuilding Industry Company (DSIC) to construct the hull for a new floating production, storage, and offloading (FPSO) vessel being built for ExxonMobil's Uaru development offshore Guyana.
The DSIC, situated in Dalian City...
Leaders in Guyana’s insurance industry recently affirmed that it has the capacity to underwrite 100 percent of the risks in the oil and gas industry.
Specifically, Melissa Desantos, President of the Insurance Association of Guyana and Peter Abdool, President of...
Guyana’s Environmental Protection Agency (EPA) has received the mandated US$2 billion oil spill guarantee from Stabroek Block operator ExxonMobil Guyana and its partners, Hess and CNOOC.
This was confirmed on June 14 by Exxon’s Vice President and Business Service Manager,...
SLB, previously known as Schlumberger, has recently issued a Request for Information (RFI) as it embarks on the search for firms capable of providing auditing services for its affiliate in Guyana. The oilfield services company has outlined the specific...
No word on commerciality
Drilling costs revised upward again
After completing the drilling of the Wei-1 well offshore Guyana, CGX Energy Inc. on Tuesday announced a discovery of 71 feet of net oil pay. The CGX exploration campaigns in recent years...
With over US$40 billion in sanctioned projects for the Stabroek Block, Guyana’s Vice President, Dr. Bharrat Jagdeo has assured that the pace of approval for these investments is not outstripping the country’s monitoring capabilities, nor is it overheating the...
ExxonMobil seeks a combination of attractive geology, stable political conditions and the potential to minimise its carbon footprint in the production process, says its Exploration Chief John Ardill. Guyana, with its crown jewel - the Stabroek Block - has...
The Latin America and the Caribbean Petroleum Engineering Conference (LACPEC) is set to highlight the new exploration frontiers - Guyana and Suriname - showcasing the region's advancements in the energy industry. The conference, renowned as the premier technical event...
Vice President Dr. Bharrat Jagdeo committed that the Guyana government will provide vital documents, including the model petroleum agreements and the amendment to the Petroleum (Exploration and Production) Act, to investors ahead of the bidding deadline for oil blocks...
The stay of execution granted by an Appellate Court Judge on a recent High Court order will go down well for Guyana’s global reputation, says Vice President, Dr. Bharrat Jagdeo. The High Court’s order had compelled an ExxonMobil-led consortium...
