Guyana’s ongoing offshore licensing round offers 14 blocks - 11 in the shallow water, and three in the deep. The draft model contracts will govern new licenses to be issued to winning bidders, and existing deals outside of the...
By Jerry Haar
Assessing the economic condition of the State of Maryland where he was elected governor in January, Wes Moore concluded: “we are asset rich and strategy poor.” Some would argue that evaluation applies to Guyana,...
Guyana’s growth forecast from the International Monetary Fund (IMF) has been given a considerable boost. While the institution’s 2022 Article IV report had estimated Guyana’s real gross domestic product (GDP) would grow 25.2% in 2023, this has been revised...
The PDVSA billion dollar oil scandal runs deep with the arrests now at 34, according to Venezuela’s Attorney General Tarek Saab. Venezuelan authorities have also issued 67 arrest warrants, 30 of which are for public officials and financial operators...
Guyana’s third oil production vessel - Prosperity, has arrived in the country's waters.
Operator ExxonMobil in a Tuesday morning release said the Prosperity will kickstart production from its Payara field in the Stabroek Block later this year.
"The arrival of the...
By Dr. Carolyn Walcott & Dr. Terrence Blackman
Many people in Guyana, a small country, culturally a part of the Caribbean, located in the northeastern corner of South America, must be made aware that the country has a stock exchange....
Energy market research and intelligence company Westwood Energy says exploration for hydrocarbons remains a high-risk business with only one in every three high impact exploration wells drilled between 2017 and the end 2022 resulting in a potential commercial discovery.
“The...
Stabroek Block operator, Esso Exploration & Production Guyana Limited (EEPGL), plans to put in place a contract for the provision of managed warehouse facility and services as its operations expand in the South American nation.
In a public request for...
Chinese shipyard, Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS), said it completed and delivered the fourth generic Fast4ward® Multi Purpose Floater (MPF4) Hull to SBM Offshore on April 5.
MPF4 adopted SBM Offshore’s proprietary generic hull design following the previous three...
Eni, in partnership with PetroCi, celebrated the sail away of the Firenze floating production, storage and offloading (FPSO) vessel to the Baleine field offshore Côte d'Ivoire in Dubai. The largest hydrocarbon discovery in the country was made at Baleine.
The...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
