Featured

AMI sees Trinidad gas sales being better off if Biden beats Trump

Trinidad’s upstream gas sector could use every boost it can get, including Joe Biden’s decision to withhold approvals for new competitive U.S. liquefied natural gas (LNG) export projects.  Americas Market Intelligence (AMI) noted in a recent analysis that Trinidad’s economy...

Qatar ups gas reserves, announces new North Field West LNG expansion project

QatarEnergy has announced that it is proceeding with a new liquefied natural gas (LNG) expansion project - North Field West. The project will further raise the State of Qatar’s LNG production capacity to 142 million tons per annum (MTPA)...

Guyana crude makes trade debut on Platts

For the first time, a cargo of Guyana’s crude traded through the Platts Market-on-Close (MOC) assessment process, S&P Global Commodity Insights said in a Feb. 16. piece by analyst Patrick Harrington.  This comes “exactly three years” after Platts started assessing...

Exxon could start up standalone gas project offshore Guyana by 2029

President of ExxonMobil Guyana, Alistair Routledge, told Reuters that gas production in the Stabroek block may be possible in 2029 or 2030.  “By early 2025, we will have done the exploration and appraisal work to understand how comfortable we are...

Guyana well positioned to tackle local content in some unique ways – WoodMac analyst

Guyana's efforts to date in promoting local content development in its oil and gas sector earned commendation from industry experts at the Guyana Energy Conference and Supply Chain Expo. Mark Oberstoetter, Head of Upstream Americas (non-L48) Research at Wood Mackenzie...

Norway firm says analysis shows oil consumption on track to decline with 1.6-1.9°C climate targets

Chief Executive Officer (CEO) of Rystad Energy, Jarand Rystad said the firm’s analysis shows there is a pathway for the decline in oil consumption to align with global climate targets aiming to limit global warming to between 1.6°C and...

Guyana ‘off-the-charts’ in AMI’s ranking of LATAM investor destinations

Americas Market Intelligence (AMI) has once again placed Guyana at the top of its eco-political ranking of investment destinations in Latin America. The firm’s ‘Latin America 2024 Outlook: The Good, The Bad And The Ugly’ analysis found Guyana’s score...

Guyana bank partners with IDB Invest to finance Muneshwers Group expansion

The Guyana Bank for Trade and Industry (GBTI) has forged a partnership agreement with the Inter-American Development Bank through the IDB Invest program to provide financing for the expansion of the Muneshwers Group.  The agreement was formalized today at the...

TOTALTEC teams up with Skills Assurance to offer Guyanese companies a new suite of eLearning packages

TOTALTEC has announced its collaboration with Skills Assurance, a provider of eLearning training solutions, to introduce comprehensive eLearning packages tailored for Guyanese companies working in, and supporting the energy sector. TOTALTEC said it aims to enhance worker safety standards,...

Guyana may revise model offshore contracts for second licensing round – Jagdeo

The Guyana government may revise its model petroleum agreements for offshore licenses ahead of its second licensing round.  Vice President Bharrat Jagdeo told a gathering at the Guyana Energy Conference and Supply Chain Expo on Tuesday, “We’ve heard that the...

Latest News

Letter-to-the-Editor: Equipping our people — The case for STEM in Guyana

Dear Editor, I recently came across a letter arguing that the new US$100 million STEM initiative is a step backwards...