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Schlumberger, Halliburton, Baker Hughes among major companies moving services to Guyana – Exxon

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A growing number of companies operating in Guyana’s oil and gas industry are moving more of their supply operations from Trinidad and Tobago and other locations to the South American country, as local capacity to execute projects increase. ExxonMobil Guyana...
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Industry’s largest subsea fiber optic sensing project being developed for Payara

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A state-of-the-art Subsea Fiber Optic Solution technology which ExxonMobil has selected for its third major deepwater project offshore Guyana is the largest the industry has seen to date. This is according to TechnipFMC, who along with Halliburton, introduced the...
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Halliburton’s Q2 revenue up 7%, increased tools sales seen in Guyana

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Halliburton Company announced on Tuesday that its second quarter (Q2) revenue increased 7% sequentially as both North America and international markets continued to improve, and operating income grew 17% with solid margin performance in both divisions. The company recorded net income of $227 million...
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Oil summit focusing on South America’s new frontier set for June

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The 3rd Annual Guyana International Petroleum Business Summit and Exhibition (GIPEX), will be returning this year, from June 28-30 via a virtual platform hosted jointly by Valiant Business Media (VBM) and the Ministry of Natural Resources (MNR) with support...
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Guyana driving subsea tree demand as number of oil fields targeted for development increase

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The base-case subsea tree demand for the 2021-24 period is now forecast at approximately 1050 units representing an upward revision of 60 units compared to a March outlook by consultancy group Westwood Energy. “The increase is due to ExxonMobil’s commitment...
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Stabroek block subsea systems provider creates twin companies

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TechnipFMC announced on Monday the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of...
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Exxon contractors reveal wide range of procurement opportunities to Guyanese vendors

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As exploration and production activities offshore Guyana continue to expand, so too are the needs of the multiple contractors servicing the oil and gas industry. Over 700 local businesses participated this week in ExxonMobil’s virtual Guyana Supplier Forum where...
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Last offshore development approved in Guyana was one of the brightest lights in oil’s dark year – Westwood

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Updated November 28, 2021 Westwood Energy Group says 2020 will be remembered as one of the most challenging years in the history of the oil and gas sector as oil consumption fell to levels not seen since 2001. At one point,...
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Guyanese companies to hear of upcoming O&G opportunities at Exxon supplier forum

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More than 2700 Guyanese companies have been invited to learn more about key contracts and upcoming tenders in oil and gas, as ExxonMobil Guyana and co-venturers Hess and CNOOC get ready to stage the Guyana Supplier Forum 2021, hosted...
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Oil and gas supply chain contract awards drop to 16-year low

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Oil and gas supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn – and just as the industry could finally hope for better days, the coronavirus pandemic caused the value of...
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GGI to launch new call this July for proposals to drive capacity building in Guyana

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing...

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