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ExxonMobil takes Bristow helicopters for Guyana ops

(Offshore Energy) Offshore helicopter services provider Bristow has secured a multi-year contract to provide helicopter offshore crew change and search and rescue (SAR) services to support ExxonMobil in Guyana. The five-year deal, which is a renewal of an existing contract,...

Guyana oil will fuel global economic growth – ExxonMobil VP

The emerging oil and gas industry in Guyana, where ExxonMobil has to date discovered an estimated 3.2 billion recoverable oil-equivalent barrels, will not only fuel economic growth in the South American country, but across the world. This is according...

Mega petroleum summit opens today in Guyana

All roads will lead to the Guyana Marriott Hotel today as the country gets ready to host the inaugural Guyana International Petroleum Exhibition and Summit – GIPEX 2018. With six significant discoveries made in the offshore Stabroek block in just...

GIPEX registration approaching maximum capacity; organisers prepare for grand opening

With just 24 hours remaining before the inaugural Guyana International Petroleum Exhibition and Summit (GIPEX) begins, organisers say registration is approaching maximum capacity, even as more persons look to sign on to participate in the signature event. “For the inaugural...

China’s CNOOC plans to ramp up spending by at least 40 percent in 2018

Chinese offshore oil and gas company CNOOC Ltd said on Thursday it planned to ramp up spending by at least 40 percent in 2018, as well as raise production, thanks to a more “suitable” oil price, Reuters reports. CNOOC Nexen...

Exxon moving to develop Payara by 2023; Guyana oil production could hit 450,000 bpd

Exxon Mobil Corporation could sanction its third development project offshore the South American country of Guyana as early as 2023. The company’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury told participants during its fourth quarter earnings call...

President Granger welcomes UN decision on border controversy with Venezuela

Guyana’s Head of State, President David Granger has hailed the decision to refer the controversy arising out of the claim by the Bolivarian Republic of Venezuela to Guyana’s territory, to the International Court of Justice (ICJ). United Nation’s (UN) Secretary...

Guyana could be producing over 10 million barrels of oil monthly by 2022

Monthly oil production in the South American country of Guyana could top the 10 million barrel mark by 2022 with the coming on stream of a second phase of development in the prolific Liza field located approximately 120 miles...

ExxonMobil Guyana prepared to mitigate Liza Phase 2 potential environmental impacts

ExxonMobil affiliate Esso Exploration and Production Guyana Limited’s (EEPGL) environmental consultant has assured that the company stands ready to mitigate any of the identified potential environmental impacts from the proposed Liza Phase 2 development, recently announced. The company in its...

Siemens looking for investment opportunities in Guyana O&G sector

Siemens – a global technology company providing oil and gas services – is looking to explore investment opportunities in Guyana’s emerging petroleum sector. The South American country’s Minister of Natural Resources, Raphael Trotman, made the disclosure at a media engagement on...

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Payara crude holds slight price premium over other Stabroek Block grades

Payara Gold crude from ExxonMobil’s third Guyana oil development has consistently traded at a marginal premium to its other...