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Major opportunities coming for Guyanese suppliers to service Saipem fabrication yard

OilNOW -
Italian oilfield services company Saipem will soon commence a search for local vendors to supply goods and services for the operation of its fabrication yard and logistics area that is currently under construction in Guyana. Saipem has been awarded subsea...
Opinions

Rig count in Guyana-Suriname basin has doubled in 2 years

OilNOW -
By Hans Jacob Bassoe Bassoe Offshore In the span of just five years, ExxonMobil has had 18 successful discoveries in the Guyanese Stabroek Block alone and proven recoverable resources of more than 9 bboe.  And the operator does not plan on slowing...
News

Exxon extended position in South America last year despite pandemic woes

OilNOW -
Although faced with its most challenging year to date due to the impact of the coronavirus pandemic, U.S. oil major ExxonMobil made significant strides in South America last year, extending its position across multiple basins off the continent's northeastern...
News

Guyanese companies being prioritised for contracts as Schlumberger pursues major expansion

OilNOW -
Oilfield Services Company Schlumberger is pursuing an aggressive local content programme that will see employment opportunities opening up for Guyanese as well as priority being given to local companies for a number of upcoming tenders. Schlumberger is the world’s largest...
News

Exxon reports steady progress in Guyana’s supplier-base, workforce capacity

OilNOW -
ExxonMobil Guyana asserted on Tuesday that the South American country has made steady progress in the expansion of the nation’s capacity to build a skilled workforce and create a competitive supplier base to support its oil and gas operations. The...
News

Exxon reports US$20.1 billion loss for Q4 2020 in most challenging year to date

OilNOW -
U.S. oil major, ExxonMobil on Tuesday reported an estimated fourth quarter (Q4) 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. The company said Q4 capital and exploration expenditures were $4.8 billion, bringing full-year spending to $21.4...
News

Guyana pushing Sustainable Supply Chain Management policy

OilNOW -
Guyana’s local content policy, which is currently being revised, will require oil industry operators to adopt Sustainable Supply Chain Management (SSCM) practices, and a planned Local Content Secretariat will coordinate all related activities at a national level. Giving the background...
News

Participants told over $70 billion spent on local companies at opening of Exxon’s Supplier Forum

OilNOW -
The Centre for Local Business Development on Monday opened its Virtual Guyana Supplier Forum which is geared towards increasing the participation of local companies in the oil and gas supply chain. Addressing the opening of the Forum, which was held...
News

Oil paved way for over 20 suppliers, 15 sub-contractors and 212% ramp-up in staff – says Guyanese firm Gaico

OilNOW -
Within less than five years of joining the ranks of service providers for ExxonMobil which is leading development and exploration operations in the Stabroek Block offshore Guyana, Gaico Construction Inc. has matured into one of the company’s key Guyanese...
Exploration

Exxon, Shell and CNOOC could be most active explorers by end of 2021 – Westwood Energy

OilNOW -
ExxonMobil, Shell and CNOOC are expected to be the most active explorers by the end of 2021 with a significant portion of the offshore activity taking place in Guyana where multiple prospects remain on the prolific Stabroek block and...
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Guyana says World Court ordered Venezuela not to conduct elections in Essequibo territory

Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to...

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