Guyana Oil and Gas News

The Guyana Revenue Authority (GRA) is conducting an international search for oil and gas experts as the agency prepares for first oil next year.

The Georgetown Chamber of Commerce and Industry has teamed up with the Guyana Office for Investment (GO-Invest), to send a team to the Offshore Technology Conference (OTC) in May, to not only sell Guyana, but to secure business and investment opportunities for small entrepreneurs   here.

Former president Donald Ramotar is maintaining that he had no knowledge of ExxonMobil’s oil find in the Stabroek Block before the 2015 general elections and therefore his award of contracts to private companies shortly before should not be seen as questionable.

Attorney Melinda Jankie has expressed concern that the liability coverage submitted by ExxonMobil for its Liza Phase 2 operations in the Stabroek Block offshore Guyana is not enough but Environmental Protection Agency (EPA) head Dr Vincent Adams has reiterated that it meets global industry standards.

Local training and recruitment firm, Strategic Recruitment Solutions (SRS), has placed 26 sailors on ships involved in the oil and gas sector since it began operating last year, Chief Executive Officer Kerri Gravesande-Bart says.

ExxonMobil is expected to receive its permit from the Environmental Protection Agency (EPA) this week for its Liza Phase 2 operations in the Stabroek Block, offshore Guyana, after assuring the agency that it could cover the liability in the event of an oil spill.

Twenty-five more Guyanese are closer to being able to gain footholds in the emerging oil and gas industry after they completed an eight-week immersion programme in safety and operational training at the TOTALTEC Oilfield Services Academy.

The fast approaching manifestation of first oil for Guyana, is coinciding with what Oil and Gas People, one of the world’s leading job sites in the sector, says is an impending skills crisis which will impact the industry as a whole.

International consultancy firm on Oil and Gas, Bayphase of the United Kingdom yesterday tendered a US$281,000 bid to provide services to the Natural Resources Ministry. 

With plans to create over 200 jobs for locals in the oil and gas sector, an overseas-based Guyanese is partnering with an experienced United Kingdom offshore support company to create another shore-based operation in Region Four.

Saipem, ExxonMobil Guyana’s prime contractor for subsea installation services has offloaded its second shipment of 2684 pipes for the Liza Phase One project. 

Approximately one hundred youths turned up at the Cliff Anderson Sports Hall on Saturday morning to participate in ‘Part Two’ of an interactive session on the oil and gas sector.

Up to the third quarter of 2018, Guyana had benefited from some US$64 million ($13.7 billion) in local content from the oil and gas sector which represents the highest amount since oil was first found here in 2015.

Hundreds of youths yesterday attended an interactive session on the oil and gas sector, where they were sensitised about the needs of the industry and steps to be taken in order to take advantage of available opportunities.

Just weeks after its 10th major find, ExxonMobil is gearing up to begin drilling for oil at two separate locations offshore Guyana.

Introduction “You couldn’t do the math”, said Ambassador Perry Holloway in his interview with reporters published in Stabroek News last Tuesday December 9, 2018 as he exhorted us Guyanese to educate ourselves about the fortune coming our way from ExxonMobil’s oil.

Subject to approval by the Toronto Stock Exchange (TSX) Canadian oil and gas Exploration Company CGX Energy Inc.

On the heels of its partner Hess boasting of its Guyana’s offshore operations being pivotal to its projected financial gains, oil major ExxonMobil has lauded this year’s five discoveries and echoed similar sentiments even as it believes that more gains will be made in 2019.

The development cost for ExxonMobil’s offshore Liza Phase-1 project has been significantly revised from the projected US$4.4 billion to US$3.7 billion.

Part 66   Introduction Mr. David Patterson, Minister of Public Infrastructure, offered a commendably prompt but strange response to last week’s column by way of his December 8 letter to the editor “The 2019 budgetary allocation has nothing to do with natural gas”.