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10,000 vehicles registered in 5-months point to stronger purchasing power – Oil Minister

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, says the rapid growth in vehicle registrations signals increasing purchasing power among Guyanese, fueled by the country’s booming economy. Speaking at the Guyana Energy Conference and Supply Chain Expo, Bharrat highlighted that...
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Major financial overhaul needed before Guyana can introduce cryptocurrency

OilNOW -
Guyana's Vice President, Bharrat Jagdeo, says the country is not ready to regulate or facilitate cryptocurrency transactions. He made the statement at the Guyana Energy Conference and Supply Chain Expo, emphasizing that significant financial reforms must come first. "The answer...
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Exxon to FID Longtail by 2026 – Routledge

Kemol King -
ExxonMobil’s eighth Guyana development, Longtail, should get its final investment decision (FID) in 2026, country President Alistair Routledge said Wednesday.  He told attendees at the Guyana Energy Conference the project is a challenging excursion based on the technical challenges the...
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Exxon to make final investment decision for Hammerhead development this year – Routledge 

Shikema Dey -
The final investment decision for ExxonMobil Guyana’s Hammerhead development is expected to be made by mid-year 2025, its President Alistair Routledge announced today.  “This is subject to us completing the full environmental permitting process and the production license process,” Routledget...
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Petronas could deliver Suriname’s 2nd FID as early as next year

Shikema Dey -
Suriname expects its second final investment decision in 2026 for the Petronas-operated Block 52.  Annand Jagesar, head of Suriname’s state oil firm Staatsolie made the announcement today during a presentation at the Guyana Energy Conference.  Petronas hit pay at the Slonea-1...
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US$300M refined fuel deal being fine tuned with US company – Ali 

Shikema Dey -
The Guyana government is in discussions with U.S. company Curlew Midstream to fine-tune a refined fuels deal, President Irfaan Ali announced on Tuesday. An initial US$300 million is expected to be invested in early stages.  Ali explained to reporters on the...
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About 500 million boe in Suirname’s Block 52 – Rystad Energy 

OilNOW -
Rystad Energy estimates that Suriname’s Block 52 holds an estimated 500 million equivalent barrels of oil equivalent resources, according to a new report.  Petronas holds 100% of the working interest in Block 52 after its partner, ExxonMobil pulled out last...
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“Let us get the evaluation and then we will discuss our posture”, says Guyana President after attack on soldiers by suspected members of Venezuelan...

Shikema Dey -
A group of Guyanese soldiers came under attack on Monday near the country’s western border, allegedly by members of the Venezuelan Sindicato gang.  Speaking on the sidelines of the Guyana Energy Conference and Supply Chain Expo on Tuesday, Guyana’s President,...
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With more associated gas found in Stabroek Block, Exxon can now supply Guyana with 120 million cubic feet of gas – new Deepwater VP

Shikema Dey -
ExxonMobil said it has identified more associated gas resources in Guyana’s Stabroek Block to more than double its intended supply for the Gas-to-Energy project. J Hunter Farris, Exxon’s Senior Vice President, Deep Water made the announcement during a presentation at...
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Come ‘win with us’ – President Ali as potential investors gather for 4th Energy Conference

Shikema Dey -
The 4th edition of the Guyana Energy Conference, which now includes a Supply Chain component, got underway at the Marriott Hotel in Georgetown this morning, offering a blend of excitement beyond oil and gas. In his keynote address, President of...
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Letter-to-the-Editor: GEC is a conference for all Guyanese

Dear Editor, When the annual Guyana Energy Conference and Supply Chain Expo is hosted, this little giant of a country...

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