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Jagdeo confirms ‘Hess Guyana’ still retains Stabroek block interest despite Chevron buyout of parent company

OilNOW -
Vice President Dr. Bharrat Jagdeo clarified during a November 2 media conference that Hess Guyana Exploration Limited, a subsidiary of Hess International, still controls the 30% working interest in the Stabroek block, where 11 billion barrels of oil equivalent...
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TotalEnergies extends interest in Oman state LNG company by 10 years

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TotalEnergies has signed an amendment to extend its partnership with Oman LNG, an Omani liquefied natural gas (LNG) joint venture in which the company holds a 5.54% stake.  The Oman LNG liquefaction complex, which is on the northeast coast of...
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U.S. businesses risk losing ground to China in fastest growing economy in the world

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The absence of major American companies operating in Guyana could create a vacuum that would allow for other players, such as Chinese-backed enterprises, to fill the gap. So says six-time Emmy Award-winning TV producer, Arick Wierson, in a November...
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Afreximbank open to proposals from Caribbean private sector to enhance maritime transport

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Guyana’s head of state, Dr. Irfaan Ali recently appealed to the regional private sector to form a consortium capable of devising a proposal for the African Export-Import Bank (Afreximbank) that addresses failures in the regional transport system. The Guyanese...
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Guyana shortlists three out of 25 bidders for crude marketing deal

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Guyana has narrowed down the list of potential partners for its crude marketing contract, selecting three contenders from a pool of 25 bidders. The country's Vice President, Dr. Bharrat Jagdeo, provided insights into the ongoing selection process and the...
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Eni and Kaieteur block operator Ratio win six gas blocks offshore Israel

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Italian supermajor Eni S.p.a, in partnership with Ratio Energies and Dana Petroleum, was recently awarded six licenses to explore for gas offshore Israel. According to Israel’s Ministry of Energy and Infrastructure, the trio won six licenses for blocks in Zone...
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Indar to meet with City Chamber on power outages, energy plans

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Deodat Indar, who serves as Minister within the Ministry of Public Works in Guyana, is set to address members of the Georgetown Chamber of Commerce and Industry (GCCI) on the operations of the Guyana Power and Light (GPL). The...
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Public input being invited for finalization of strategy to monetize Guyana’s gas reserves

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As Guyana looks to monetize its gas resources, now estimated to be around 17 trillion cubic feet, the government has released a “discussion paper” for citizens to review and provide input. This will form the basis for finalization of...
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Local content development fund in the works to help emerging businesses in oil and gas sector – Pres. Ali

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President of Guyana, Dr. Mohamed Irfaan Ali, announced Monday, October 30, that a local content development fund will be established as a means of helping businesses to find start-up capital to compete in industries, such as the oil and...
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World Court schedules Nov. 14 hearings to consider measures on controversial Venezuela referendum

OilNOW -
The International Court of Justice, otherwise called the World Court, has scheduled public hearings for Tuesday, November 14, 2023, at the Peace Palace in The Hague, the seat of the Court.  The overarching case under contention is the question of...
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Guyana gas resources set to power new state-of-the-art AI data centre

In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of...

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