Business

Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its oil output, a senior Indian foreign ministry official said on Tuesday. Guyana’s President Mohamed Irfaan Ali and Suriname’s President Chandrikapersad ‘Chan’ Santokhi, who are visiting India, held discussions on Monday with Indian Prime Minister Narendra …

Oilfield services firm TechnipFMC announced it has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited for the Gas to Energy Project in Guyana. Subject to final project sanction, TechnipFMC will provide engineering, procurement, construction and installation of subsea risers and pipelines. The project will connect …

State-owned National Gas Company (NGC) of Trinidad and Tobago along with five (5) Chinese companies are among 12 companies that have submitted bids to pre-qualify for a project in Guyana that combines a gas-to-energy power plant and a natural gas liquids (NGL) facility. The Guyanese project also received bids from …

Italian energy services group Saipem said on Tuesday it had won two offshore contracts in Australia and Guyana for a total amount of $1.1 billion. Saipem received the second contract from ExxonMobil subsidiary Esso Exploration and Production Guyana (EEPGL) for the Yellowtail development project, located in the Stabroek block, offshore …

Irfaan Ali, had a conversation with his neighbouring partner Brazil in the oil and gas industry and in bauxite mining before the visit of Brazilian President Jair Bolsonaro, which is scheduled to later this month. As per the statement released by the office of the President, the two Presidents held …

Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels. The Fangtooth-1 well, drilled with the Stena DrillMAX drillship, encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone …

The Natural Resources Fund (NRF) Bill, according to the Georgetown Chamber of Commerce and Industry (GCCI), is a critical tool in Guyana’s development, both for present and future generations. As a result, since the Bill’s public release on December 15, 2021, the GCCI has been closely following developments and thoroughly …

Chuck E. Cheese, the global family entertainment brand, continues to drive international expansion and has successfully signed development agreements in three new countries across South America and in the Middle East. This adds to the rapid ongoing international expansion of the brand already announced in new regions like Guyana. One …

Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by ExxonMobil and its partners, Hess and CNOOC, in the offshore Stabroek Block, since 2015, recently saw the energy supermajor upgrade its resources estimate for the block from …

ExxonMobil’s huge new Guyana project faces charges of a disregard for safety from experts who claim the company has failed to adequately prepare for possible disaster, the Guardian and Floodlight have found. Exxon has been extracting oil from Liza 1, an ultra-deepwater drilling operation, since 2019 – part of an expansive project …