6 d. ago Saipem gets green light to commence US$500M work for Exxon’s Hammerhead project

Kaieteur News – Italian multinational oilfield services company Saipem has received authorisation to proceed with work for ExxonMobil Guyana Limited’s (EMGL) seventh development offshore Guyana, the Hammerhead project. The authorisation follows Monday’s approval by the Government of Guyana (GoG) of a Petroleum Production Licence (PPL) for Exxon’s US$6.8 billion Hammerhead project in the prolific Stabroek […] The post Saipem gets green light to commence US$500M work for Exxon’s Hammerhead project appeared first on Kaieteur News.

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6 d. ago TechnipFMC awarded hefty contract for subsea works on Exxon’s 7th project

Kaieteur News – ExxonMobil Guyana Limited (EMGL) has awarded a substantial contract valued between US$250-500 million to TechnipFMC for its seventh development offshore Guyana, the Hammerhead project. The company made the disclosure in a statement on Thursday. TechnipFMC said it will provide project management, engineering, and manufacturing of subsea production systems supporting both production and […] The post TechnipFMC awarded hefty contract for subsea works on Exxon’s 7th project appeared first on Kaieteur News.

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8 d. ago “They are giving away our patrimony” – Patterson says as Govt. approves 7th oil project without additional benefits

Kaieteur News – While the A Partnership for National Unity and Alliance For Change (APNU/AFC) Coalition was accused of “selling out” the nation’s patrimony in the lopsided deal with ExxonMobil and partners, the ruling People’s Progressive Party (PPP) government is now being blazed for “giving away” Guyana’s wealth. Former Minister and Member of Parliament (MP), […] The post “They are giving away our patrimony” – Patterson says as Govt. approves 7th oil project without additional benefits appeared first on Kaieteur News.

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9 d. ago Exxon unable to say when Guyana will receive full 50% profit share

as more projects being approved Kaieteur News – As Guyana continues to grant more oil projects to the multinational oil giant, ExxonMobil, the country’s chance of enjoying larger profits from its resource is being further delayed. Under the 2016 Production Sharing Agreement (PSA), 75% of oil produced monthly is recovered by the operator as cost. […] The post Exxon unable to say when Guyana will receive full 50% profit share appeared first on Kaieteur News.

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1 week ago Guyana approves 7th oil production project, will produce 150,000 barrels per day

The Ministry of Natural Resources today announced the approval of the Hammerhead Field Development Plan (FDP) and the issuance of the Hammerhead Petroleum Production Licence (PPL). The article Guyana approves 7th oil production project, will produce 150,000 barrels per day appeared first on Stabroek News.

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4 w. ago Canadian firm boast of its Guyana Oko West gold project being one of the most attractive in the Americas

Kaieteur News – Director and Chief Executive Officer (CEO) of Canadian gold company G Mining Ventures (GMIN), Louis-Pierre Gignac, has touted the Oko West gold project as one of the most attractive gold development projects in the Americas and globally. During an event last month, Gignac highlighted that the project has an exceptional production profile, […] The post Canadian firm boast of its Guyana Oko West gold project being one of the most attractive in the Americas appeared first on Kaieteur News.

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4 w. ago GECOM approves APNU request for recount in part of District 4

The Guyana Elections Commission (GECOM) yesterday approved a request from APNU for a recount in part of District Four but declined another from We Invest in Nationhood (WIN). The article GECOM approves APNU request for recount in part of District 4 appeared first on Stabroek News.

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