As many local companies aspire to play a role in Guyana’s emerging petroleum industry, whether as a supplier or a partner in development, it is important to adhere to tax and labour laws, statutory obligations and industry regulations. This...
With the discovery of large quantities of oil off its coast, the South American country of Guyana began preparations for becoming the newest oil producing nation in the region which saw the construction of its first oil production complex...
Shanghai Waigaoqiao Shipbuilding has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system to the Liza Unity FPSO.
Under the contract, TMC will provide a large compressed air system consisting of frequency-controlled instrument air compressors,...
The billions of dollars from oil production and multitude of opportunities opening up to the South American country of Guyana “will pale into insignificance” if the nation’s 750,000 people fail to unite.
Director of Guyana’s Department of Energy, Dr. Mark...
ExxonMobil is evaluating several wells on its multi-billion-barrel Stabroek block offshore the South American country of Guyana where it has made a record 14 discoveries since 2015.
As the US oil major looks for new plays in different areas on...
Mexico and Venezuela have long been key oil producers of Latin America but with political uncertainty and market volatility mounting, a new generation of oil producing countries are set to transform the region. This includes the tiny country of...
ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential development project offshore the South American country.
The 220,000 barrels per day Payara Development Project is...
US oil major ExxonMobil is targeting two new wells on its Stabroek Block following the company’s 14th discovery announced last week at Tripletail. Tullow Oil, which announced the Jethro-Lobe discovery on the Orinduik block in August quickly followed it...
CEO of Eco Atlantic Oil and Gas Gil Holzman says that with the rare back to back oil finds in the Jethro-1 and Joe-1 wells in the Orinduik Block offshore Guyana, he believes that this is a portent of...
ExxonMobil said on Monday it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent...
