There is no letting up in South America's hottest new oil and gas basin where demand for FPSOs is growing as more hydrocarbons are found off the coast, adding to the multi-billion-barrel resources already discovered.
Take a brief by the...
The Guyana Oil and Gas Energy Chamber (GOGEC) is urging Guyanese to “quickly adjust and learn fast” about the oil and gas sector so that they can maximise benefits from the growing opportunities in the South American country.
“Before 2015,...
Noble Corporation said this week contract drilling services revenue for the second quarter of 2021 totaled $200 million compared to $159 million in the combined first quarter of this year. In April, the Noble Sam Croft began its contract in Guyana,...
Even as a robust global vaccination programme is rolled out for COVID-19, new variants such as delta are threatening another round of lockdowns. This could put a dent in the gradual recovery seen in oil demand in recent months....
Recognising energy as a critical component for the advancement of Guyana’s development, President Dr. Irfaan Ali says his administration plans to implement several projects that will deliver at least 500 megawatts (MW) of power by 2025.
The largest of the...
ExxonMobil is forging ahead with its fibre optic cable installation activities at the Stabroek Block offshore Guyana this month, the Maritime Administration Department (MARAD) said in a notice.
“This exercise is scheduled to conclude on October 10, 2021, and will...
This week marks one year since a new government was sworn into office in Guyana following a 5-month ordeal that threatened the South American country’s fragile democracy. The Guyana Elections Commission (GECOM) declared the opposition People’s Progressive Party Civic...
The hull for the Prosperity FPSO, Guyana’s 3rd oil production vessel, is complete and will enter the Keppel shipyard in Singapore following the sail away of the Liza Unity later this month. The Prosperity FPSO will be producing oil...
The team on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel has gone over 660 days with no recordable incident. Production Manager at ExxonMobil Guyana, Mike Ryan, says this is an indication that the team is working in...
Exxon Mobil Corporation announced on Friday estimated second-quarter 2021 earnings of $4.7 billion compared with a loss of $1.1 billion in the second quarter of 2020.
Second-quarter capital and exploration expenditures were $3.8 billion, bringing the first half of 2021...
