Guyana Oil and Gas News

A locally owned and operated oil and gas support services company, recently organised back to school drives to prepare children of rural communities for their return to school this week.

The Guyana Civil Aviation Authority (GCAA) yesterday issued a helideck licence for the ExxonMobil Floating Production, Storage and Offloading (FPSO) vessel Liza Destiny, which arrived in Guyana last week.

As part of its continued efforts at preparation should an oil spill occur, ExxonMobil recently organised an emergency response training programme.

Texas-based oil giant ExxonMobil has again committed to sponsoring the Guyana Amazon Warriors for the 2019 HERO Caribbean Premier League.

With first oil just months away and around six billion barrels of oil equivalent in the offshore Stabroek Block alone, the Director, Department of Energy, Dr. Mark Bynoe on Saturday said that a local oil refinery is not feasible at this point. 

United States Ambassador to Guyana Sarah-Ann Lynch has warned that the tenor of some of the ongoing advocacy for the local content policy for the oil and gas sector may make foreign investors feel unwelcome.

Guyana’s first oil production vessel, the Liza Destiny, has arrived in the Stabroek Block, a development in ExxonMobil’s preparation for first oil by 2020.

Introduction Two weeks ago in Toronto, Canada, the organisation Caribbean Council of the Americas (CCA) in a public advertisement invited the Guyanese community and “other interested parties in the greater Toronto area to learn about all and gas exploration and development in Guyana.”

Currently in the throes of a ‘pitch’ for both public and private sector financial support to field teams for forthcoming Robotics competitions in Dubai and South Korea, respectively, the organisation STEMGuyana, will be keeping an eye on the help that the British oil company, Tullow Oil, has been extending to the furtherance of science and mathematics education in Ghana by hosting that country’s first ever STEM Share Fair.

The first batch of Guyanese operations and maintenance (O&M) technicians hired by ExxonMobil Guyana for the Floating Production, Storage and Offloading (FPSO) vessel are set for  Advanced Systems Training at the Cape Brenton University in Canada.

With first oil months away, government has assured that its “fit for purpose” local content policy will be completed before then and has promised “considerable focus” on capacity development.

There have been several lofty predictions of gross revenues that the Guyana government is likely to receive.

Another 50 Guyanese youths yesterday graduated from TOTALTEC Oilfield Services training,   taking the total up to 250 since the company was birthed early last year and  prompting Prime Minister Moses Nagamootoo to say it is the most “tangible manifestation” yet of local content in the industry.

Part 74 Introduction A couple of weeks ago, Column 73 examined a statement by Dr.

Hess Corporation’s investment in Guyana’s offshore Stabroek Block has resulted in the company emerging as the best-performing US oil firm this year and, along with its partners, it is poised to reap US$22 billion ($4.5 trillion) in profits from its initial two projects here, the Wall Street Journal (WSJ) reported yesterday.

Guyana is better off with more operators and countries involved in its oil fields, British High Commissioner to Guyana Gregory Quinn has said in wake of UK-based Tullow Oil’s recent offshore oil discovery.

Eight young Guyanese working with ExxonMobil and its subcontractors are proud that they have been afforded the opportunity to work towards transforming their country.

The representatives of 15 Guyanese companies will be participating in an oil and gas conference and exhibition in Aberdeen, Scotland, next month.

Following its recent discovery of oil in commercial quantities offshore Guyana, the United Kingdom-headquartered Tullow Oil will shift operations from its Trinidad base to local shores and plans for its first shore base here are in the pipeline.

ExxonMobil has relocated its local offices to the seven-storey Duke Street, Kingston building it has rented from businessman Rizwan Khan.