A massive oil production ramp up off the coast of Guyana this year is seeing daily output at the Liza Destiny and Unity FPSOs reach record levels, delivering significant energy, and in turn revenue, for the country and the...
A Minister of Government in Guyana, Charles Ramson Jr., wrote a letter dispelling claims in one section of the local press that the People’s Progressive Party Civic (PPP/C) administration promised to renegotiate the Stabroek Block Production Sharing Agreement (PSA).
The...
With the right fiscal regime in place, Guyana could reap the most benefits from the upcoming oil block auction, Norway’s Rystad Energy said.
The highly anticipated auction will be the first time Guyana hands out oil licenses through a competitive...
Work on GAICO Construction and General Services Inc.’s dry dock laydown and storage yard at Nismes Foreshore, West Bank Demerara is moving apace with the company on track for phase one to be completed in October.
Its Chief Executive Officer...
The Natural Resource Fund, established to receive revenues from oil sales and royalties, has received more than US$1.24 billion since first oil in December 2019.
This scale of revenue flow is significant for Guyana, since from this single sector, these...
Today’s oil and gas industry is strikingly concentrated. Almost three-quarters of resources are in just 10 basins that hold more than 100 billion boe. Fewer than 50 traditional super basins supply more than 90% of the world’s oil and...
President of ExxonMobil Guyana, Alistair Routledge, said the company is committed to doing everything it can to ensure the Gas-to-Energy project, set to deliver lower cost and lower emission power to the new oil producing country, is successful.
“It’s a...
SBM Offshore is positioning itself to benefit from the global energy transition.
The company has its eyes set on achieving net-zero emissions by 2050 and has announced new intermediate greenhouse gas-related targets.
SBM Offshore’s Chief Executive Officer (CEO) Bruno Chabas disclosed...
The Vice Chancellor of Guyana’s premier university, Professor Paloma Mohamed-Martin is lobbying for oil and gas investments into the tertiary institution to churn out the needed human capital for the growing oil industry.
“Not only University of Guyana ...
Canadian oilfield service company, Shawcor Ltd. said its pipe coating division has been awarded a definitive contract by Saipem for ExxonMobil’s fourth Stabroek Block development – Yellowtail.
A definitive contract ranges between CA$40 million - CA$50 million.
Shawcor will be providing...
