In September 2023, Guyana's natural resource fund (NRF) saw a revenue inflow of US$85 million (approximately GY$17.78 billion) from the sale of a single lift of profit oil from ExxonMobil’s Stabroek block production.
According to the Bank of Guyana, the...
Trinidad’s National Gas Company (NGC) and Methanex Trinidad Limited (Methanex), the world's largest producer of methanol, have officially signed a gas sales contract (GSC) for the resumption of gas supply to the Titan methanol plant located on the Point...
Affiliates of QatarEnergy and TotalEnergies have signed two long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (mtpa) of liquefied natural gas (LNG) from Qatar to France. According to the...
Guyana is on the brink of unveiling its draft national gas utilization strategy.
This was shared by Vice President Bharrat Jagdeo during a weekly press conference on October 12 where he indicated that public consultations would commence soon.
Jagdeo announced, “We...
The Government of Guyana has reissued a request for proposals (RFP) for the Amaila Falls hydropower project (AFHP), the country's largest renewable energy project.
The move comes after a previous RFP in 2021 failed to secure a lasting contract with...
Dutch floater specialist, SBM Offshore announced on Friday that it has been awarded contracts to perform front end engineering and design (FEED) for a floating production, storage and offloading vessel (FPSO) for ExxonMobil’s Whiptail development project in Guyana.
Following FEED...
The Guyana government expects ExxonMobil Guyana to submit its field development plan (FDP) for the Whiptail project before the end of October.
“ EMGL has indicated their intention to submit their production license application and FDP by the end of...
Guyana's Vice President Dr. Bharrat Jagdeo said during an October 12 press conference that its consultants from IHS Markit have returned an early assessment of the bids from the recent offshore licensing round to the Ministry of Natural Resources....
Offshore engineering, procurement, and construction (EPC) investments for 2023 are set to reach a staggering total of US$62.5 billion, with US$29 billion already awarded, and an additional US$33.3 billion anticipated for the remainder of the year, according to Westwood...
By Ivelaw Lloyd Griffith - OilNOW
In looking at Venezuela’s recent bullying actions against Guyana, the first article in this two-part series examined two questions. First, what exactly is the latest bullying attempt? Second, why this latest Playbook effort? In...
