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Tag Archives: oil

ExxonMobil spuds Guyana appraisal

(UPSTREAMONLINE.COM).-ExxonMobil has spudded its highly anticipated appraisal of the Liza oil discovery off Guyana. The US supermajor has also begun seismic work on the adjacent Canje block after completing a farm-in deal. Drillship Stena Carron has spudded the Liza-2 appraisal after sailing to ExxonMobil’s Stabroek block off Guyana from the Canary Islands, where it had been idle for more than ...

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Finance Minister announces slight decrease in fuel prices

Government’s announcement of a reduction in fuel prices  from Monday, February 1 will now see consumers paying less than GYD$90 dollars off of a gallon of gasoline at the pumps of the state-owned Guyana Oil Company (GuyOil). In his 2016 National Budget presentation on Friday, Finance Minister,Winston Jordan  also announced that the price of diesel will be reduced by less ...

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Eco Atlantic, Tullow to enter Guyana in oil hunt

Reproduced from Offshore Engineer Digital. Eco Atlantic Oil & Gas and Tullow Oil subsidiary companies entered into a 10-year agreement with the government of Guyana to explore the deepwater Orinduik block, offshore Guyana, South America. Subsidiaries Eco Guyana and Tullow Guyana will hold 40% and 60% working interest in the block, respectivley, with Tullow Guyana as operator. Tullow will reimburse ...

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REPSOL asks Guyana for extension to continue oil exploration

Officials from global energy company REPSOL, Wednesday,  met with President David Granger to seek an extension to continue exploratory work in the Kanuku Block, the Ministry of the Presidency announced in a statement. Minister of Natural Resources, Mr. Raphael Trotman also attended the meeting, which was held this morning at the Ministry of the Presidency. In a brief comment after ...

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GDF to buy offshore patrol vessel, aircraft

The Guyana Defence Force (GDF) is to acquire another offshore patrol vessel, a decision that has been partly influenced by impending commercial oil production in a deep sea concession, Chief-of-Staff Brigadier Mark Phillips said Thursday. “I would say that the soon to be drilled well and exploitation itself perhaps would have accelerated the need for the acquisition of more vessels ...

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