A contextual Economic & Financial Analysis of Guyana’s Gas to Shore Project
Part 1 (Oil Now) Gas contained at the Liza Phase 1 Development can facilitate the production of 200 megawatts of power generation, enough to power the entire country and can be sustained for more than 15 years. More recently, it was reported that ExxonMobil can deliver more than 50 million cubic feet of gas per […]
Energy Chamber looking to play major role in Guyana oil & gas development
(OilNow) The Guyana Oil and Gas Energy Chamber (GOGEC) says it plans to play a major role in the development of the country’s oil and gas sector and will be ramping up activities this year to focus on local content development, capacity building and ensuring a framework exists that would allow all Guyanese to benefit […]
Oil revenues will be spent on improving the livelihoods of Guyanese
“The oil resource belongs to the people of Guyana. We will ensure that oil revenue works for all Guyanese, and is spent on improving people’s lives and in support of job creation,” Minister of Public Works, Hon. Bishop Juan Edghill Minister Edghill made these statements in his Budget presentation[AS1] on Wednesday for the remaining fiscal […]
More Guyanese women entering oil and gas – almost 400 supporting Exxon’s operations
(OilNow) A growing number of Guyanese women are entering the Oil and Gas sector as offshore operations in the South American country continue to expand in wake of multiple discoveries at the prolific Stabroek Block and beyond. Since 2015, ExxonMobil has made a record 16 discoveries at the Stabroek Block, UK-based Tullow Oil has made […]
Liza crude now listed on Platts periodic table of oil
Like the periodic table of elements, S&P Global Platts has compiled a list of different crudes ranging from lightest to heaviest. The oil being produced at the Liza Field offshore Guyana is now listed on that table. Platts says the grades are classified by their gravity or density and sulfur content. Density ranges from light […]
Guyanese Engineers Install First Subsea Field
A team of Guyanese Engineers, working as Remotely Operated Vehicle (ROV) Pilots / Technicians for Offshore Innovators (Guyana) Incorporated, have successfully supported the setting up of the country’s first subsea field installation, making first oil possible from Liza Destiny FPSO. According to a post on the company’s Facebook page, the team who hail from Warapoka […]
Understanding Energy | Information in the oil and gas industry
MINISTER of Natural Resources, Raphael Trotman, speaking with the media last week, highlighted one of the most valuable commodities in the oil and gas industry: information. Given the scope and complexity of the energy industry, expertise is vital. Quality fact-based information that is free from bias is also essential for Guyanese to understand more about […]
Government in Action | The ABCs of oil and gas
2020 is quickly approaching and the Government of the Cooperative Republic of Guyana is looking forward to the New Year and the beginning of the Decade of Development. As the oil and gas sector is highly technical and often utilises terminology for specialists in the field, it’s easy for Guyanese to get lost in, misinterpret […]
Oil and gas summit opens
…as President promises robust institutional, legal architecture to manage petroleum sector By Lisa Hamilton GUYANA is “open for business” and welcomes all investors interested in helping the country achieve its objective of becoming an oil-producing nation, which is consciously transitioning into a ‘green’ economy for sustainable development. This was the central message to the over […]
Local businesses taking ‘front seat’ in oil and gas sector
– winning work on and offshore (Guyana Chronicle) A LITTLE over four years ago, the average Guyanese and even Guyanese businesses were unaware of the country’s oil and gas potential until May 2015 when ExxonMobil announced its first of now 13 discoveries offshore Guyana. Despite being unfamiliar, at that time, with the workings of the […]