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University of Guyana to be tuition-free by January 2025

President of Guyana, Dr. Mohamed Irfaan Ali, announced during an October 10 Parliamentary address that starting from the January 2025 semester, tuition fees will be completely abolished at the University of Guyana.  The measure is expected to benefit over 11,000...

Exxon says it will work with Guyana authorities to set up independent decommissioning fund 

ExxonMobil Guyana President Alistair Routledge said the company stands ready to work with the government on the establishment of an independent decommissioning fund for the Stabroek Block operations.  “...we're very much aware that under the Petroleum Activities Act of 2023,...

Oil nation set to make approx. US$288 million payout to households

Every household in South America’s newest oil producing nation, Guyana, will receive close to US$1,000 (GY$200,000) its President, Dr. Irfaan Ali announced on Thursday. Dr. Ali during a special sitting of the 12th Parliament said the disbursement will begin instantaneously...

Gas-to-Energy pipeline mechanically completed, ready to introduce natural gas – Routledge 

The pipeline for Guyana’s Gas-to-Energy project is set and ready to introduce natural gas from the Liza field to onshore facilities at Wales, West Bank Demerara. Providing an update, ExxonMobil Guyana President, Alistair Routledge said that the pipeline has been...

Liza Unity FPSO has scope to produce 270,000 barrels a day – Exxon 

Debottlenecking efforts at the Liza Unity floating production, storage and offloading (FPSO) vessel could boost its output to 270,000 barrels per day (b/d).  ExxonMobil Guyana President, Alistair Routledge, said the vessel underwent debottlenecking in July during a shutdown of the...

Exxon’s Hammerhead project to feature first converted unit offshore Guyana since Liza Destiny

Hammerhead, Guyana’s 7th Stabroek Block development will be utilizing a converted unit for its floating, production, storage and offloading vessel (FPSO). This is according to ExxonMobil Guyana President, Alistair Routledge.  Hammerhead would be the first project after Liza Phase 1...

Sispro says regulatory compliance a challenge in securing award of S3, D2 offshore blocks 

In Guyana’s inaugural offshore licensing round, Sispro Inc. stood out as the only Guyanese company among the bidders.  They were eventually awarded two blocks S3 and D2 when the auction closed. But to date, it has not been finalised. Its Chairwoman...

UBSL launches new breakbulk shipping line for Caribbean & South America

Universal Africa Lines B.V. (UBSL) is expanding its operations by launching a new breakbulk shipping line for the Caribbean and East Coast of South America.  This venture, UBSL Caribbean Line, is a joint effort between BOCS Bremen and Universal Africa...

PETRONAS launches seismic survey in Suriname’s Offshore blocks 63 and 52

PETRONAS Suriname E&P B.V. (PSEPBV), a subsidiary of the Malaysian energy giant, has announced plans to conduct a 3D seismic acquisition across Offshore Block 63 and the Ironman Prospect in Block 63/52, Suriname. This follows the signing of the...

Guyana seeks consultant to review Exxon’s Hammerhead proposal

The Guyana government is seeking a consultant to review and evaluate ExxonMobil's proposed Hammerhead oil development, its seventh offshore project.  A request for expressions of interest, issued through the Ministry of Natural Resources, aims to secure consulting services with part...

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Yellowtail production could climb to 290,000 b/d pending government green light

ExxonMobil Guyana plans to boost production at its Yellowtail offshore oil project by roughly 10% as it conducts a...