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Monthly Archives: January 2021

Exxon, Shell and CNOOC could be most active explorers by end of 2021 –...

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ExxonMobil, Shell and CNOOC are expected to be the most active explorers by the end of 2021 with a significant portion of the offshore...

A contextual Economic & Financial Analysis of Guyana’s Gas to Shore Project

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By Joel Bhagwandin Part 1 Gas contained at the Liza Phase 1 Development can facilitate the production of 200 megawatts of power generation, enough to power...

Shipping company making major inroads in Guyana, targeting oil and gas opportunities

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Shipping company Soreidom, with operations in South and North America, the Caribbean and Europe, has been operating in Guyana for over a decade and...

Oil, other activities in Guyana’s Exclusive Economic Zone will be protected – President Ali

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In light of Venezuela’s heightened aggression which saw the recent illegal detention of two Guyanese registered vessels and their respective crews on January 21, last, many have...

Brazil sweetening pot for oil investors to offset competition from Guyana, Suriname

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Brazil is facing intense competition for oil investments from countries around the globe, including neighbors Guyana, Suriname and Uruguay, and policy makers in Latin...

Platts Analytics sees oil demand averaging 99.3 million b/d this year

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(S&P Global Platts) Global oil demand will rebound by more than 6 million b/d in 2021 and return to 2019 levels a year later...

Petrobras makes new discovery in Brazil’s pre-salt

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Petrobras said on Friday it has identified the presence of hydrocarbon in a pioneer well in the CM-411 block, located in the Campos Basin...

More Guyanese businesses tapped into oil and gas supply chain in 2020

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An increasing number of local businesses are tapping into the oil and gas supply chain. This is an observation from the Georgetown Chamber of...

Exxon working to fix new gas compressor issue, FPSO flaring above pilot level

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ExxonMobil Guyana said on Friday an issue has been encountered with the gas compressor system onboard the Liza Destiny FPSO and the company is...

API Chief Economist urges Guyana to focus on oil investments, securing links with refineries...

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As Guyana embarks on its second year as an oil-producing nation, Chief Economist at the American Petroleum Institute (API), Dr. Dean Foreman, said it...