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Guyana inviting proposals for combined construction of gas-to-energy facilities

Even though it has already received Expressions of Interest (EOIs) for the construction of the natural gas fired power plant for the imminent landmark gas-to-energy project, the Guyana government is now inviting proposals from firms that are capable of...

EPA secures over GY$900 million in payments for flaring – Parsram

Head of the Environmental Protection Agency (EPA) in Guyana, Kemraj Parsram says to date the Agency has received GY$930 million (US$4,500,000) in payments for flaring related to oil production activities ongoing at the ExxonMobil-operated Stabroek Block. The EPA head...

Global oil and gas discoveries on track to hit lowest in 75 years, says Rystad Energy

Norway based energy research and business intelligence company Rystad Energy says global oil and gas discoveries are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds. As...

Two years later, Guyana oil discoveries soar, prosperity on the horizon

Exactly two years ago today, Guyana produced its first barrel of oil, marking a historic moment that will forever change the face of this South American country. Now, the nation of just over 750,000 people is poised to become...

Liza Destiny FPSO racks up over 800 days with no recordable incident – Routledge

The Liza Destiny FPSO, Guyana’s first oil production vessel, has racked up over 800 days with no recordable incident offshore the South American country where it has been producing oil for the past 24 months. The vessel, built and operated...

Over 1,000 Guyanese worked on projects that delivered historic first oil

Over 1,000 Guyanese worked on projects that culminated with the commissioning of the country’s first Floating Production Storage and Offloading (FPSO) vessel back in June 2019, in Singapore. Today marks two years since the SBM Offshore built and operated Liza...

Benefits to Guyana will go beyond oil revenues if country plays active role in developing resources

Since 2015, the year ExxonMobil made its first world class discovery offshore Guyana, the company has spent more than half a billion U.S. dollars with local suppliers supporting the emerging oil and gas industry. The South American country has...

Kawa-1 well costs to climb by US$45M as drilling time takes longer than projected

Canadian joint venture partners in two offshore Guyana blocks, CGX Energy Inc. and Frontera Energy Corporation, disclosed this week that while work is progressing on the Kawa-1 exploration well in the Corentyne Block, it is unfortunately taking longer than...

Builder of Guyana FPSOs celebrates five years in new oil province

SBM Offshore, the builder and operator of floating production storage and offloading (FPSO) units operating offshore Guyana, on Wednesday celebrated five years of operations in the new oil producing South American country. The auspicious occasion was marked with the...

Guyana-Exxon partnership will deliver best results for landmark gas to energy project – Dr. Pieters

The landmark gas to energy project being planned by authorities in Guyana will be best run through the partnership the country has with ExxonMobil since the oil major has vast experience in delivering major projects on time and on...

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Berbice gas development pipeline could cost US$2B, ‘not a small investment’ – says ExxonMobil Guyana President

The pipeline to support Guyana’s gas development in East Berbice-Corentyne (Region Six) could cost about US$2 billion or more....