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‘Locally rooted, globally connected’ – IGOT Guyana offering much-needed services, experience

IGOT Guyana is a local company that has positioned itself as a key provider of much-needed products, services and equipment for the nascent oil and gas sector. IGOT stands for International Gas and Oil Trading but the company does much more than its name reveals. The General Manager, Luis Rojas said the company specialises in …

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Guyana is sitting on a jackpot of liquid gold.

In 2015, the oil giant Exxon Mobil discovered 11 billion barrels of oil off the coast of the small Latin American country. The discovery promises to change Guyana forever, catapulting the country and its people to new heights of power and wealth. Oil already generates US$1 billion in revenues annually for the government and will produce an estimated US$7.5 …

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Guyana is number 17 for largest oil reserves in the world

Proven oil reserves are those that have a reasonable certainty of being recoverable under existing economic conditions with existing technology. The new oil producing South American country of Guyana now has around 11 billion barrels of oil equivalent. These resources have been discovered by ExxonMobil in a series of unprecedented discoveries made since 2015. This …

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TotalEnergies looking to Exxon’s Guyana model for cost-saving measures

As TotalEnergies plans its first offshore development in Suriname’s Block 58, it is taking a page out of ExxonMobil’s book with its cost-saving operations in the prolific Stabroek Block offshore Guyana. “With Suriname, we are trying to work on an innovative solution: looking carefully to what our big friend in Guyana is doing to benefit from …

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ExxonMobil’s Liza projects cop excellence award

ExxonMobil’s Liza projects have been honored with the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award, recognizing outstanding achievements in executing oil and gas projects. The award, presented during the 2024 IPTC in Dhahran, Nepal, highlighted the company’s efforts in integrating various disciplines from discovery to delivery. Exxon targeting two new wells west …

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Berbice region to be central hub for gas supporting infrastructure – Pres. Ali

As Guyana builds out its gas industry, President Irfaan Ali sees the Berbice region playing an integral role in its development. According to the President, Berbice is set to become a hub for “gas-supporting infrastructure.” “A mall, hospital, industries and, of course, we have already said that the gas production facility – whether it is distribution …

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High cost of power drives investors away, says business group in most vigorous push yet for Gas-to-Energy project

Senior Vice President of the Georgetown Chamber of Commerce and Industry (GCCI), Richard Rambarran, said seven out of every 10 investors who interact with the Chamber, end up postponing their investment decisions in Guyana, deterred by the country’s persistent electricity woes. “When they find out where we are in this hemisphere regarding the cost of …

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SBM Offshore launches second annual Guyana-Monaco Mousetrap Car Grand Prix

SBM Offshore has officially initiated the second Guyana-Monaco Mousetrap Car Grand Prix 2024, inviting secondary schools in Guyana to participate in the unique international competition with the support of the Ministry of Education. According to a release from SBM Offshore Guyana, the Monaco Mousetrap Car Grand Prix, held annually in the Principality of Monaco, encourages …

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Venezuela’s military posture does not conform with its diplomatic stance – Todd

Guyana and Venezuela recently pledged peace with the Arygle agreement. But recent satellite images surfaced showing an increased military presence by Venezuela, close to the shared border. “This is not the first time Venezuela has adopted a military posture that appears to be threatening,” Guyana’s Foreign Minister Hugh Todd told the Financial Times in an interview …

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DeepOcean secures contract with ExxonMobil Guyana for subsea services

Ocean services provider DeepOcean has clinched a contract from ExxonMobil Guyana, marking its foray into the South American country’s market and its first major collaboration with Exxon in the Americas. The contract entails the provision of subsea construction and IMR (inspection, maintenance, and repair) services. Tony Stokes, President of DeepOcean’s American operation, expressed enthusiasm about …

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