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TechnipFMC awarded Subsea Contract for Liza deep water project

TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the...

Petroleum Bill to be taken to Guyana law making body May...

The Government of Guyana is preparing to table the Petroleum Commission of Guyana Bill 2017 at the next sitting of the country’s National Assembly,...

CGX back in the game; looking to drill 6 wells over...

Canadian-based oil and gas exploration company CGX Energy Inc. will soon recommence exploration work offshore Guyana and aims to drill as much as 6...

SBM proud to be building FPSO for Liza development, production in...

SBM Offshore, the company awarded contracts for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana, is...

Guyana to establish national oil company by 2018, petroleum institute in...

Major plans are being put in place in preparation for oil production in the South American nation of Guyana where recent large discoveries of...

Hess to plug US$475M into Stabroek block offshore Guyana this year

Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of...

Guyana could find more oil closer to shoreline

Experts in the hydrocarbon industry believe that more oil could be discovered closer to Guyana’s shoreline in the coming years, raising the possibility of facilities...

Exxon to carry out exploratory work in newly acquired Kaieteur block,...

US oil major ExxonMobil will soon begin preliminary exploration work in the Kaieteur block, an area adjacent to the Stabroek block offshore Guyana, which...

Exxon forges ahead with plans for second FPSO in Guyana

Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this...

Oil Finds: We must get it right from the beginning

Oil, an indispensable factor in numerous economies, account for about 2.5 percent of the world’s Gross Domestic Product (GDP). According to Forbes online, it...