As Guyana gears up for oil production, possibly within days, the Department of Energy (DE) is pursuing discussions with a few companies for the potential placement of the country’s first 3 cargoes from its entitlement, as part of measures...
From the first discovery announced in May 2015, to first oil, now potentially just days away; the tremendous work that has gone into bringing the Liza Phase 1 Development project to the point of production will soon pay off.
The...
As the South American country of Guyana prepares for elections, set to take place on March 2, 2020, ExxonMobil, operator at the Stabroek Block where oil production could begin within days, is making it clear that it will not...
As Guyana is now on the verge of becoming an oil producer resulting in billions of dollars in revenue flowing to the state in coming years, an economist is warning that it is not enough to merely expect that...
The Joint Venture partners at the 1,800km2 Orinduik Block offshore Guyana have opted to enter the next exploration phase of the Orinduik Petroleum Agreement and have since submitted their official notice to the South American country’s Department of Energy.
The JV...
Major offshore discoveries this year include countries as diverse as Russia, Cyprus, South Africa, Malaysia and Guyana. The majority of major discoveries so far this year have been in the offshore sector with over half being deep-water finds, VesselsValue,...
As US oil major ExxonMobil, operator at the 6.6 million acres Stabroek Block, prepares for first oil in the South American country of Guyana, the company is also ramping up its search for more hydrocarbons with a number of...
By Bobby Gossai Jr.
Bobby Gossai, Jr. recently completed his MSc (Econ) in Petroleum, Energy Economics and Finance from the University of Aberdeen. Mr. Gossai, Jr.’s professional experiences include being the head of the Guyana Oil and Gas Association and...
SBM Offshore said Thursday it has signed contracts for the construction of the Company’s fourth and fifth hulls under its purchase program for Fast4Ward® new build multi-purpose hulls.
The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd....
Combined oil production from non-OPEC countries such as Guyana is expected to grow at record speed in 2020, creating a headache for the Organization of the Petroleum Exporting Countries (OPEC), which is scheduled to meet this week in Vienna...
