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Border Controversy: Guyana open to renewing talks with Venezuela post-elections – Presi. Ali

OilNOW -
Guyana’s President, Irfaan Ali, has expressed readiness to renew diplomatic engagements with Venezuela following the conclusion of its current election period.  During a June 20 press briefing, President Ali addressed the importance of peaceful dialogue and regional stability while also...
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With days left, CGX on course to lose its third Guyana block

Kemol King -
CGX Energy and its Corentyne Block partner, Frontera Energy, are on the brink of losing the Corentyne Block.  This would make CGX’s third loss of a Guyana block, following the relinquishment of the Demerara and Berbice Blocks in June 2022....
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Stabroek Block cost recovery to exceed US$30 billion in 2024

Kemol King -
Cost recovery for investments into the Stabroek Block petroleum operations are set to accumulate to approximately US$31 billion by the end of 2024.  The Stabroek Block Production Sharing Agreement, inked by the Guyana government, ExxonMobil, Hess and CNOOC, allows the...
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Guyana’s offshore oil production shines amid global supply concerns

OilNOW -
Guyana's offshore oil production continues to be a beacon of growth amid global oil supply challenges, according to Rystad Energy’s Vice President and Global Lead of Crude Trading Analysis, Patricio Valdivieso.  “Guyana’s offshore production is a bright spot,” Valdivieso stated.  ExxonMobil...
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Sonardyne joins next phase of ocean bottom node development in Brazil

OilNOW -
Sonardyne, an independent global provider of underwater acoustic, inertial, optical and sonar technology will participate in the next phase of the On Demand Ocean Bottom Node (OD OBN) development in Brazil. This project, initiated in 2018, is a collaboration...
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Noble Bob Douglas continues development drilling at Yellowtail site 

OilNOW -
ExxonMobil Guyana is forging ahead with developmental drilling operations at the Yellowtail well site within Guyana’s Exclusive Economic Zone.  According to a June 19 notice from Guyana’s Maritime Administration Department (MARAD), the Modu Bob Douglas is spearheading the drilling activities,...
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Appraisal kicks off at one of Exxon’s biggest Stabroek Block finds: Lau-Lau 

OilNOW -
ExxonMobil has begun appraising the Lau-Lau find, according to a recent notice published by Guyana’s Maritime Administration Department (MARAD)  Activities are being undertaken by the MODU Sam Croft rig and are expected to end around July 30.  MARAD said the Lau-Lau-2...
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Guyana to amend Financial Institution Act to lessen burden of access to capital – Ali 

OilNOW -
Guyana is expected to amend its Financial Institutions Act (FIA) to ease access to capital, a major private sector concern.  President Irfaan Ali announced the proposed changes at a June 20 press conference and emphasized that the amendments will give...
News

FPSO Maria Quitéria heads to Brazil for Petrobras’ Jubarte field

OilNOW -
The floating production storage and offloading (FPSO) unit Maria Quitéria, built by Malaysian supplier Yinson, has departed China and is en route to Brazil. It will be deployed at Petrobras’ Jubarte field in the Campos Basin. The FPSO Maria Quitéria...
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Guyana taps Fulcrum LNG to partner with Exxon, government on gas development

OilNOW -
Guyana has identified Fulcrum LNG to potentially partner with it and ExxonMobil on a natural gas development, President Irfaan Ali said at a June 20 press conference in Georgetown.  The U.S. energy firm was among 17 to submit proposals to...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival...

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