Wood Mackenzie predicts a positive outlook for project development with 30 out of the viable 40+ expected to reach final investment decisions (FIDs) in 2023.
But it does not come easy.
WoodMac’s Vice President, Head of Upstream Analysis Frank McKay and...
TechnipFMC has been recognised by oil giant ExxonMobil for its adherence to the strictest safety standards
The subsea specialists Guyana team, serving the Exxon-operated Stabroek Block, copped the ExxonMobil Global Projects President’s Safety, Security, Health and Environment (SSH&E) Award, TechnipFMC...
Oil has become an important part of Guyana’s history, preserved and on view at the country’s National Museum as Stabroek Block operator ExxonMobil relaunched the new and improved oil and gas exhibit.
While many will not be able to travel...
Oilfield service company Baker Hughes raked in US$5.7 billion in revenue as the first quarter of 2023 closed, with over US$300 million in new orders already secured.
In its earnings report for the quarter, Baker Hughes said the stronger-than-expected quarterly...
ExxonMobil is moving forward with more drilling operations at the Fangtooth SE-1 well site in the Stabroek Block offshore Guyana.
OilNOW understands the Stena Carron rig will be engaged in the drilling activities situated approximately 100.8 nautical miles (186.6...
Schlumberger, now SLB, has been granted a fresh exemption from the requirement to conduct an Environmental Impact Assessment (EIA) for its source storage and calibration facility in Guyana, located at Houston, East Bank Demerara.
The first was quashed by the...
French offshore vessel player Bourbon said on Monday that Guyanese company Tethys Marine & Logistics, is now a 51% shareholder of the Bourbon Guyana Joint Venture. It said Guyanese now represent 75% of its directorship.
A Guyanese company is defined...
Building Guyana’s local capacity remains paramount to Noble Corporation, the driller with the most rigs in the ExxonMobil-operated Stabroek Block.
Noble said its four-year Local Content Master Plan draws on set targets to use locals where applicable and invest in...
The International Court of Justice has given Venezuela one more year to file a counter Memorial in the ongoing border case with Guyana - April 8, 2024. The case centers on the legal validity and binding effect of the...
The lifetime of Guyana’s first Stabroek Block development - Liza Phase 1 is set to be extended to accommodate the Gas-to-Energy (GTE) project, Vice President, Dr. Bharrat Jagdeo said.
The Liza permit is currently under review.
The GTE is set to...
