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“Ten-fold” increase in UK, Guyana trade shows eagerness of investors to tap South American market – envoy

OilNOW -
Acting British High Commissioner, Greg Quinn recently pointed to the “ten-fold” surge in UK-Guyana trade, one he said reflects a keen interest from investors aiming to access the South American market. Quinn had previously served in the position from 2015...
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Chevron, Staatsolie to host supplier forum for Suriname companies this month

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As part of a wider effort to bolster the capabilities of Surinamese businesses, Chevron and Staatsolie are set to host a Supplier Development Program later this month. This initiative follows the successful 2023 Blue Wave Supplier Development Program launch,...
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Heavier Payara crude may be pricier than Liza’s due to Europe’s preference – S&P

OilNOW -
The European market's evolving preference for crude oil, amidst changing global dynamics, has led to distinctions in the valuation of Guyana's crude exports, particularly between Liza, Unity Gold, and Payara crude. Felipe Perez, Head of Latin America Fuels and...
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Due diligence on awardees being conducted to wrap up oil blocks awards – Jagdeo 

OilNOW -
A verification process of the oil block awardees is being undertaken before the final sign-off, said Vice President Bharrat Jagdeo on Jan. 11.  Asked for an update on the auction, Jagdeo shared that the firms were asked to submit additional...
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Jumbo awarded contract for Exxon’s fifth Guyana FPSO

OilNOW -
Jumbo Offshore has been awarded a contract by MODEC Guyana Inc. for the pre-installation of the mooring spread of the Errea Wittu floating production storage and offloading vessel (FPSO), which will be located offshore Guyana at ExxonMobil’s Uraru Development. Errea...
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Guyana to explore potential for crude sales to India only at competitive rates – Jagdeo

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Guyana is set to sign a memorandum of understanding (MoU) with India, initiating a potential pathway for India to diversify its oil imports by considering the purchase of crude from the South American country. This development follows a recent...
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Exxon kicks off 2024 Stabroek campaign with resumed drilling at Bluefin well

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ExxonMobil Guyana has recommenced exploration drilling operations at the Bluefin-1 well site within the Stabroek Block. This continuation of exploration activities was announced in a notice to mariners issued by Guyana's Maritime Administration Department (MARAD). The Stena Drillmax has been...
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Well data will help Opposition solidify position on ringfencing – Low

Shikema Dey -
Elson Low, an Economic Advisor in Guyana's main Opposition Party, says access to more information relating to the wells at the prolific Stabroek Block would help to better solidify the APNU+AFC coalition's position on the matter of ringfencing. ...
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Gas-to-Energy contractor, Australian firm among four vying to develop Amaila hydropower for Guyana

OilNOW -
The move to develop the Amaila Falls hydropower project in Guyana started with four companies submitting bids to the National Procurement and Tender Administration Board in December 2023. The project, aiming to deliver 165 megawatts (MW) of clean energy,...
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Engineer students from University of Guyana being absorbed by oil companies even before graduation – Vice Chancellor 

OilNOW -
The need for engineers in Guyana’s booming oil industry has led to students from the country’s premier university being absorbed by companies even before they graduate.  Vice Chancellor (VC) of the institution, Dr. Paloma Mohamed shared in a recent discussion...
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ExxonMobil seeks local insurer for Hammerhead-related exposures

ExxonMobil Guyana Limited has issued a Request for Information (RFI) to identify qualified suppliers to provide a Local Insurance...

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