Dutch floater specialist SBM Offshore could be close to an agreement with Chinese yard China Merchant Heavy Industry (CMHI) for construction of another new hull for a floating production, storage and offloading vessel (FPSO) under its Fast4Ward® design, according...
Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made globally, with Russia topping the charts at number 1.
Oil and gas companies have discovered 7.7...
International Monetary Fund (IMF) Mission Chief to Guyana, Dr. Arnold McIntyre, says there is nothing unusual about the Production Sharing Agreement (PSA) which the country has with ExxonMobil for the Stabroek Block, where more than 6 billion barrels of...
The Board of Industrial Training (BIT), which administers and delivers technical and vocational educational training in Guyana, says it will continue to tailor its programmes to keep in line with the transformative changes that are taking place in the...
US independent Apache has spud a wildcat on Suriname’s Block 58, probing a prospect considered to be closely on-trend with one of 14 discoveries made by US oil major ExxonMobil in neighbouring Guyana.
According to an October 4 report from...
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...
