Top officials at ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) have confirmed that its asset base as of December 2022 stood at GY$2.3 trillion (almost US$11 billion).  EEPGL’s Vice President and Business Service Manager, Phillip Rietema was keen...

Baker Hughes has been awarded a major contract by Eni and its partner Petroci for the Baleine Phase 2 project in Ivory Coast, Africa’s first Scope 1 and 2 net-zero emissions development. This award includes eight deep water trees, three...

Guyana's Vice President Dr. Bharrat Jagdeo has announced a one-month postponement of the country's offshore licensing round beyond the July 15 bid submission deadline. The delay is to facilitate a review of Guyana's oil and gas regulatory framework. The...

The Centre for Local Business Development has announced the shortlisting of 35 entrepreneurs for its highly anticipated ElevateAll Weekend Business Bootcamp. This selection marks the beginning of Phase One of the programme, aimed at empowering local business owners, operators,...

The Liza Destiny and Liza Unity floating, production, storage and offloading vessels (FPSOs) are on ExxonMobil Guyana’s radar for purchase, said its Vice President and Business Service Manager, Phillip Rietema.  Both vessels were constructed by Dutch floater specialist SBM Offshore...

Tianjin-based marine engineering equipment supplier, Bomesc Offshore Engineering, has successfully secured a contract worth US$152 million for the topsides integration on the Errea Wittu floating production, storage and offloading (FPSO) vessel being constructed for ExxonMobil’s Uaru development in Guyana.  According...

Guyana's Vice President Dr. Bharrat Jagdeo has disclosed plans to commence a public consultation process for the draft Petroleum (Exploration and Production) Act, which will be unveiled by next week. The move will give Guyanese an opportunity to share...

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,...