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Over 900 people on six rigs supporting safe drilling operations offshore Guyana – Routledge

President of ExxonMobil Guyana, Alistair Routledge, said in a recent interview that there are over 900 highly trained people in total, stationed on the Stena Carron, Stena DrillMax, Noble Bob Douglas, Noble Tom Madden, Noble Don Taylor and Noble...

High-impact well activity to bounce back after one-year slump – Rystad Energy

Norway-based Rystad Energy expects a rebound of high-impact drilling after what was described as a “disappointing” 2021 with success rates plunging to record lows. Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect,...

Guyana pushing massive road projects; more than 100,000 new vehicles registered in 5 years

In the past five years, the Inter-American Development Bank (IDB) has found that more than 100,000 new vehicles were registered in Guyana with 1,176 vehicles occurring every month. In one of its recent project documents, the financial institution said...

Touchstone’s Cascadura gas project gets greenlight

Trinidad and Tobago’s Touchstone Exploration Inc. received its Certification of Environmental Clearance (CEC) to move ahead with its Cascadura gas project from the Ortoire block offshore. Touchstone has an 80% operating working interest in the Ortoire block, with Heritage Petroleum Company...

Exxon’s risk and Shell’s multi-billion-dollar missed opportunity in Guyana’s Stabroek Block

Under different circumstances, ExxonMobil’s success in the Stabroek Block would have been shared with Royal Dutch Shell. The British multinational was ExxonMobil’s partner in the Stabroek Block prior to 2015, with a 50% stake. But looking at the data at...

‘They can’t pay local companies in 90 days; I don’t care who defends that’ – Guyana VP

Vice President Dr. Bharrat Jagdeo has given all assurances that the government intends to close loopholes being used to frustrate and circumvent the requirements of the Local Content legislation as well as address issues affecting local contractors such as extended waiting periods for...

Guyana enters top 100 per capita economies

Guyana’s oil bounty has blessed the country with record projected growth rates this decade. Economic growth in 2021, according to World Bank data, shows the South American country has already entered the top 100 per capita economies of the...

CARICOM energy leaders make headway on food security

Leaders of the two major producers of hydrocarbons in the Caribbean Community (CARICOM) —Guyana and Trinidad & Tobago— announced on Thursday that significant headway was made on defining collaborative efforts that will be pursued to ensure food security in their respective states. Specifically, Prime Minister...

Guyanese should have a chance to participate in oil blocks auction – Vice President

With there being no legal constraints in the way, Vice President, Dr. Bharrat Jagdeo is of the view that a Guyanese consortium should have a chance to participate in the imminent oil blocks bid round which will now be...

Guyana, T&T advance plans on regional energy security

Guyana’s Head of State, Dr. Mohamed Irfaan Ali and Trinidad & Tobago’s Prime Minister, Dr. Keith Rowley advanced talks Thursday regarding energy security for the region. This was revealed by both leaders during a joint press conference in Port of Spain. Bilateral discussions were...

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Dominican Republic can help Guyana bridge gaps, place progress on par with developed world- Pres. Ali

Guyana's President, Dr. Irfaan Ali deemed the Dominican Republic a pivotal ally that can help his country bridge many...