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Guyana among top 10% of countries with least debt – Ramkarran

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Prominent attorney, politician, and former Speaker of the National Assembly, Ralph Ramkarran, wrote in a recent column about Guyana’s strong debt position, noting that the country is among the top 10% of countries with the least debt. This distinction...
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As Guyana’s budget expands by almost half, oil will fund 29%

Kemol King -
Guyana's 2024 national budget, set at a new high of US$5.496 billion (GY$1.146 trillion), reflects a 47% increase compared to the 2023 budget of US$3.75 billion (GY$781.9 billion). This expansion is being partially fueled by the nation's increasing oil...
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QatarEnergy in new 15-year deal to supply LNG to Bangladesh

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QatarEnergy and Excelerate Energy (Excelerate) signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.  Under the SPA, Excelerate will purchase up to one million tons per annum (MTPA)...
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Guyana to invite bids this year for monitoring Exxon’s oil production – Jagdeo 

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The Guyana government is expected to invite bids this year for the monitoring of daily oil production data from ExxonMobil’s Stabroek block projects.  Vice President Bharrat Jagdeo, during his Jan. 25 press conference, told reporters that funds were allocated for...
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Young says Trinidad targeting deepwater bid round this year 

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Trinidad’s Minister of Energy and Energy Industries, Stuart Young, announced that the country is expected to launch a deepwater bid round this year to shore up its gas resources.  “We are committed to sustaining production through investment in our hydrocarbon...
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ExxonMobil files lawsuit to block push by investors for stricter emissions targets, says agenda ‘extreme’

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Exxon Mobil Corp. has taken an unprecedented legal step to thwart a shareholder vote on more stringent emissions targets set for its May meeting.  Filing a lawsuit in a Texas court, the oil giant is challenging a proposal by investors,...
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Petrobras cops OTC distinguished achievement award for deepwater innovations

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The Offshore Technology Conference (OTC) has bestowed Petrobras with the distinguished achievement award for companies, organizations, and institutions, recognizing the company's advancements in the revitalization of the Marlim Field and the broader deepwater Campos basin.  OTC said the accolade underscores...
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Halliburton invites EOIs for spill containment services at Guyana mud plant 

OilNOW -
Oil service company, Halliburton Guyana Inc., has invited expressions of interest (EOIs) for spill containment services.  In a public notice, Halliburton said the scope of work covers on-call services for emergency actions in the event of a spill at its...
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Exxon launches countrywide “Big Red Bus Tour” with GY$10M in giveaways

OilNOW -
ExxonMobil Guyana on Saturday, January 27, launched “The Big Red Bus Tour” aimed at boosting community engagement. Part of it was a GY$10 million giveaway competition, with an MG car as the grand prize. Local artistes, Poonam Singh, Jackie Jaxx...
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Guyana oil production peaked at 589,000 b/d in December 2023 

Kemol King -
The Stabroek block in Guyana produced 589,000 barrels on December 26, 2023 from three projects - Liza 1 (155,000 barrels), Liza 2 (253,000 barrels), and Payara (181,000 barrels).  This marks the highest total production from the Stabroek block, thanks to...
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‘Lil Red Community Centre’ commissioned through partnership with Food for the Poor Inc. and SBM Offshore Guyana

Residents of Little Red Village on Guyana’s Essequibo Coast now have access to a new community hub following the...

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