South America continues to be a major player in the global arena for deepwater discoveries, with Guyana pushing big volumes and massive potential finds remaining. According to Norway based Rystad Energy, the South America/Caribbean region was the clear winner...
Having recognised that Guyana is now building the human resource capacity to service the oil and gas industry; the government has laid out the expectation that oil and gas companies will place capacity building of Guyanese on the front...
German engineering company MAN Energy Solutions says there is no linkage between technical issues encountered with the flash gas compressor on the Liza Destiny FPSO, and production optimization activities that were ongoing at the time the challenges were encountered.
ExxonMobil...
Section seven of Guyana’s draft revised Local Content Policy Document that is currently under consultation falls under the title, ‘Minimum Local Content in Goods and Services’ and sets out mandatory local content targets for companies in the oil and...
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...
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...
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...
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...
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...
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...
