Italian offshore contractor, Saipem, is looking for a local company to carry out dredge maintenance work on the quay wall of its Guyana facility located on the East Bank of Demerara.
In an Expression of Interest (EOI), Saipem outlined that...
Guyana is targeting US$1.9 billion in commitments for its first offshore competitive licensing round, with safeguards to ensure contractors work swiftly and diligently.
The bid round for offshore blocks opened on Monday, December 12, 2022 and included deepwater blocks (D1-D3) between...
With no known commercial hydrocarbons just seven years ago, Guyana is now the holder of the 17th largest oil reserves in the world. Aggressive exploration activities off the country’s coast, mainly by US oil major ExxonMobil, have seen major discoveries...
Exploration and production (E&P) companies are going after high-impact prospects in effort to capitalise on recent high demand for oil and natural gas, caused by re-organising energy markets. Wood Mackenzie said, in Global Exploration: 5 things to watch in 2023,...
In November, Guyana welcomed trade missions from the United Kingdom, USA, and Canada. Similar engagements are planned with France and India, indicative of the government's position that the country is “open for business.”
Senior Minister in the Office of the...
Seen as potentially transformative, the Gas-to-Energy project is progressing with hopes of cheaper and more reliable power for Guyanese.
For many, this opens a world of opportunities as the country has one of the highest costs of electricity in the Caribbean and...
Chief Financial Officer for ExxonMobil Corporation, Kathryn Mikells, said that the early delivery of the Payara project is the cause of the spike in ExxonMobil’s 2023 CAPEX budget.
The company recently reaffirmed its commitment to spend over US$100 billion in...
With 11 billion barrels of oil equivalent (boe) unlocked in the Stabroek Block, there is an urgent need for Guyana to be outfitted with facilities to support the development of this massive resource base. These include laydown yards, deep water ports,...
Guyana’s oil economy is expected to grow in 2022, by far more than 100% over the prior year. First oil at the Liza Unity floating production, storage, and offloading (FPSO) unit and optimisation of the Liza Destiny FPSO resulted...
In a recent analysis of deepwater developments, Wood Mackenzie said that supply chain constraints remain a concern. And this spells difficulty for operators under pressure to increase drilling and production at a time when energy markets have been sent...
