The rapid increase in offshore oil and gas operations is resulting in more marine traffic passing through Guyana’s main channel, the Demerara River. Dredging is required to facilitate this increase, and the government intends to do that in less...
As Guyana prepares to receive its first entitlement lift of Unity Gold from the Liza Phase Two development, government expects about US$106 million to be deposited into the Natural Resource Fund from its sale.
“The usual lifting entitlement amount of...
Vice President of Guyana, Dr. Bharrat Jagdeo has announced that by September, a final determination will be made on whether the government will be establishing a National Oil Company (NOC) to develop oil and gas resources or opt to...
The subsea and pipeline network for Guyana’s landmark gas-to-energy project is poised to see a US$1.3B (GY$260B) investment from ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL).
According to the Environmental Impact Assessment (EIA) which was released on Wednesday,...
SBM Offshore posted footage of the lifting of the first series of topside modules onto the hull of the Prosperity floating production, storage and offloading (FPSO) vessel, on Wednesday.
Work on the FPSO for ExxonMobil Guyana’s third development project at...
Initial estimates for Guyana’s massive gas-to-energy project hover around US$900 million to US$1 billion, with potential to increase, but considering the South American country has zero infrastructure in place and is essentially starting from scratch, one economist says the estimates...
The giant Saipem 7000 heavy lift crane vessel partially capsized on Thursday during a lifting incident in a fjord in Norway.
Reports from the Norwegian Maritime Directorate suggest that all 275 crew members were rescued; no injuries were sustained.
Norwegian Media...
While some environmental and other interest groups have criticized Guyana over the rapid pace at which the South American nation is developing its oil and gas resources, with some even calling for it to be left in the ground,...
High-impact exploration in deepwater plays is reserved to major oil players – like ExxonMobil, TotalEnergies, BP, Royal Dutch Shell – and a few leading National Oil Companies (NOCs). The reason, according to UK-based consultancy group Wood Mackenzie, is because only...
After encountering 45 dry holes over a period of 50 years, Guyana’s oil story has dramatically changed in just 7 years with the South American country hitting 31 discoveries offshore since 2015, most of which have been commercial finds...
