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69 Lindeners graduate from programmes supported by Exxon, Hess & CNOOC

The Greater Guyana Initiative (GGI) has funded electrical installation and welding and fabrication programmes through the Linden Technical Institute (LTI) in partnership with the Ministry of Education, the Council for Technical and Vocational Education Training (C-TVET) and LearnCorp International. The...

SBM Offshore set to begin front end engineering design for Exxon’s 6th Guyana FPSO

Dutch floater specialist, SBM Offshore announced on Friday that it has been awarded contracts to perform front end engineering and design (FEED) for a floating production, storage and offloading vessel (FPSO) for ExxonMobil’s Whiptail development project in Guyana. Following FEED...

SBM Offshore-backed women in football programme launched to empower, educate Guyanese girls

In a significant initiative aimed at empowering and educating young Guyanese girls, the Vurlon Mills Football Academy, in partnership with SBM Offshore Guyana, has unveiled the Women in Football Development Programme. It is slated to provide professional football coaching,...

CGX will have to keep selling to continue its Guyana work

CGX Energy has found itself in a position where selling assets has become an apparent strategy for financial sustenance. The company's 2023 quarterly financial report shines a dazzling light on this trajectory. A significant development, in this regard, is the...

Colombia’s fiscal reforms can push investors to Guyana basin – WoodMac

A recent analysis by energy consultancy firm Wood Mackenzie indicates that the oil sectors of the burgeoning Guyana-Suriname basin could reap benefits from fiscal reforms introduced by Colombia's newly elected President, Gustavo Petro. The Colombian president has launched an ambitious...

Guyana can shift politics of energy in LATAM, offer U.S. preferred alternative to Venezuela crude – Goldman Sachs snr. executive

Geopolitical swing states are critical to the world economy and balance of power, but they don’t have the capacity by themselves to drive the global agenda, at least for now, according to a recent article by Jared Cohen, President...

Hess says its Bakken rigs have been electrified

In an environmental and cost-saving leap forward, Hess Corporation has announced that it successfully electrified its four drilling rigs in Bakken, North Dakota, replacing the traditionally used diesel fuel with electricity. The shift is projected to cut down greenhouse...

Few oil execs would want to take on unlimited financial risk, expert says

The recent ruling handed down by a Guyana Court Judge regarding ExxonMobil Guyana's insurance obligations for its operations offshore the South American country is engaging the attention of a number of stakeholders and experts in the oil and gas...

FPSOs’ Role In Raising Guyana’s Position In The Market: What Does This Mean For Production and Revenues?

By Cristina Caus - OilNOW On April 11, 2023, the floating production, storage and offloading vessel (FPSO) Prosperity arrived in Guyana and joined the other two FPSOs, Liza Destiny and Liza Unity. This became the third FPSO vessel that has...

Guyana regulator moves to overturn court judgment on Exxon assurance guarantee

The Environmental Protection Agency (EPA) has filed an appeal against a recent upset judgment by the High Court. Justice Sandil Kissoon directed the EPA to secure an unlimited parent and/or affiliate guarantee, based on a provision in ExxonMobil Guyana’s...

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Chevron, Shell set to sign deals with PDVSA for Loran gas field, Orinoco oil projects in Venezuela

Chevron and Shell are expected to sign agreements with Venezuela’s oil ministry and state-owned Petróleos de Venezuela, S.A. (PDVSA)...