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(Reuters) Guyana's President Irfaan Ali on Tuesday defended his country's right to develop its oil industry for its residents while insisting local goods and services requirements are not meant to block foreign investments. A string of discoveries off its coast is on the verge of turning the tiny South American country into an oil powerhouse.... Continue Reading →
3t EnerMech and Orinduik Development Incorporated Training Centre have partnered to provide a training center for the local workforce in Guyana, supporting the country's fast-growing offshore oil and gas sector, eliminating the need for local workers to travel abroad for accredited training. This venture said it would provide "an industry-leading" and internationally accredited facility in... Continue Reading →
(OE) Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday. The tiny South American country has become one of the hottest oil exploration frontiers in decades, with massive discoveries of oil and... Continue Reading →
Energy technology company Baker Hughes announced it has opened a new "supercenter" facility for oilfield services and equipment in Guyana. The facility, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America. Referencing its work in Guyana, Baker Hughes said it currently provides drilling services, drill... Continue Reading →
(OE) CGX Energy and Frontera said Monday they'd focus on their Corentyne block in Guyana in 2022 fully, and not engage in drilling activities on the Demerara block at all. The partners said their decision was based on the positive results from the Kawa-1 offshore well, and the significant exploration opportunities in the Corentyne block.... Continue Reading →
SBM Offshore is pleased to announce that FPSO Liza Unity has produced first oil as of February 11, 2022 and is formally on hire. The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry leading Fast4Ward® program which incorporates the Company’s new build, multi-purpose floater hull combined with several... Continue Reading →
(Reuters) - Exxon Mobil Corp on Friday said it is accelerating output at its Guyana's offshore oil development, starting a new production vessel that will bring total production capacity to more than 340,000 barrels per day. An Exxon-led consortium started production in the South America country in 2019 and is responsible for all oil and... Continue Reading →
SBM Offshore has issued a progress report on various FPSO construction programs in its latest results statement. The third stage flash gas compressor on the Liza Destiny, which operates on the Liza field offshore Guyana, remains stable and continues to operate. Engineering is in progress on a re-designed flash gas compressor, which should be installed around mid-year.... Continue Reading →
(EV) More than 20 floating production storage and offloading (FPSO) vessels are currently awaiting redeployment across the globe. Data from Westwood Global Energy Group has laid bare how “saturated and complicated” it is to relocate units after their initial work scope has wrapped up. And the market could soon become even more flooded, with 56 planned and... Continue Reading →
Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday. Shell on Friday said the exploration well off the coast of the southern African country had shown "encouraging" results with the presence of a working petroleum system with light... Continue Reading →
Brazil Energy Insight 