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Light sweet Liza crude in good position as Brent soars past $63 a barrel

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The Guyanese government’s decision to push for rapid development of the nation’s oil and gas resources in an investor-friendly environment was buoyed in early February by strong demand for light sweet crude across the global oil market. In late December...
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Exxon-led consortium’s next challenge in Guyana is local content

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The following is an opinion piece by David Blackmon, an independent energy analyst/consultant based in Mansfield, TX., published in Forbes on February 13, 2021.  The question of local content inevitably becomes a significant factor anytime oil companies move into a...
News

Halliburton will service 100% of its Guyana operations in-country from this year

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U.S. oilfield service company Halliburton aims to have 100 percent of its operations serviced from Guyana in 2021. The company expects this move to result in a major increase in its in-country purchases, by at least 50 percent, and...
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Exxon’s multi-billion-dollar initiative will help change the face of UG – Vice Chancellor

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Major transformation is coming for Guyana’s highest institution of learning as a multi-billion-dollar capacity building and development project initiated by ExxonMobil and Stabroek Block co-venturers, Hess and CNOOC, is set to roll out. Over the years, ExxonMobil Guyana has been...
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Hess says Guyana production could hit 1.5 million bpd before 2030

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With every new discovery off the coast of Guyana, analysts have been ramping up their projections for output, making it clear that the new oil producing nation is on course to become one of Latin America’s top producers, potentially...
News

Suction piles, mooring lines installed for hook-up to Liza Unity FPSO, Prosperity on schedule – SBM Offshore

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The Normand Installer Multi-Purpose Offshore Vessel has completed the installation of suction piles and mooring lines at the Stabroek Block offshore Guyana, in preparation for the arrival and hook-up of the massive 220,000 bpd Liza Unity FPSO, which is...
News

TVET Chairman reports major progress from collaboration with ExxonMobil

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As the Council for Technical and Vocational Education and Training (C-TVET) continues the pursuit of improved skills training and development, ExxonMobil Guyana has been playing a leading role in supporting its goals which head of the proramme, Clinton Williams,...
News

Capacity being built to monitor and verify reports on Exxon’s costs, emissions – Vice President

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Guyana's Vice President, Dr. Bharrat Jagdeo reiterated yesterday that the government has every intention of ensuring the oil sector is not only led by locals but properly monitored as he noted that capacity building is underway to achieve same....
News

Guyana Shore Base local workforce at 95%, large tenders to go out soon

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Guyanese now comprise 95 percent of the staff at the Guyana Shore Base Inc. (GYSBI) and companies from the South American country now make up 80 percent of the operation’s supplier base. The company, which operates from Houston, East Bank...
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Exxon set to announce major capacity building programme in Guyana

OilNOW -
ExxonMobil will today announce the roll out of a major capacity building initiative in Guyana that is expected to impact economic development in the new oil producing South American country. “Join us as we announce the Greater Guyana Initiative, a...
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Guyana gov’t tables Oil Spill Bill in Parliament

The Government of Guyana on Monday tabled the long-anticipated Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill 2025 in...

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