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Guyana government taps diaspora to boost new oil-driven economy

Guyana President, Dr. Irfaan Ali led his government in hosting the inaugural virtual diaspora conference on Saturday, during which he called on diaspora communities to assist the government in the crafting of its multi-sectoral development plan. Engagement with Guyanese communities...

For 36 days of flaring, Exxon will pay Guyana around US$1.3M – VP Jagdeo

Guyana’s Vice President Dr. Bharrat Jagdeo says ExxonMobil will pay the Government around US$1.3M for 36 days of flaring at the Liza Phase 1 Development operations, in keeping with new measures implemented by the Environmental Protection Agency (EPA). During a...

Guyana Vice President says government will not participate in GIPEX

The Government of Guyana will not participate in the third annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) due to the involvement of Valiant Business Media, the organiser. “Once this Valiant is organizing it, we will not participate,”...

Carbon pricing benchmark utilized to determine Exxon’s flaring payment — EPA

Guyana’s Environmental Protection Agency (EPA) recently revealed that it had utilized a carbon pricing benchmark to determine the US$30 per tonne of carbon dioxide equivalent (CO2e) payment which ExxonMobil will make for flaring offshore at its Liza Phase 1...

Local companies ink deal to serve Guyana, Suriname upstream sector

Local companies are positioning themselves to reap the benefits from Guyana’s burgeoning petroleum sector, even extending their reach to neighboring Suriname. The latest to do this is Demerara Contractors and Engineers Limited (DCEL) and AGT Energy Group Inc. (AGT). The...

Guyana team clinches 2nd place in Peterson’s annual safety awards

Energy logistics and supply chain solutions company Peterson says the performance of its Guyana team was exemplary in 2020, registering zero recordable incidents and pushing it to second place in the company’s annual safety awards. “Cheers to our well-deserving Guyana...

Stena DrillMAX taps Longtail-3 for more crude in multi-billion-barrel South America basin

ExxonMobil continues to forge ahead with its exploration drilling campaign offshore Guyana in a bid to add more oil equivalent barrels to the already 9 billion plus it has found in the South American country. The Stena DrillMAX is engaged...

ExxonMobil will not recover US$30 payment for flaring at Liza Phase 1 – EPA

Guyana’s Environmental Protection Agency (EPA) has clarified that ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) will not recover the US$30 payment for CO2e emissions recently introduced in the modified Environmental Permit for the Liza Phase 1 Development. The...

EPA to set flaring targets for upcoming ExxonMobil projects offshore Guyana

Guyana’s Environmental Protection Agency (EPA) is currently developing flaring targets for ExxonMobil’s future offshore projects. And with the Liza Phase 1 Environmental Permit up for renewal on June 1, 2022, the EPA announced that flaring targets will also be...

IEA’s call to halt oil and gas developments could add to price volatility

(Reuters) OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not...

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Subsea7, SLB OneSubsea sign agreement with PETRONAS Suriname for offshore project delivery

Subsea7 announced on April 7 that it has signed a strategic collaboration agreement with PETRONAS Suriname E&P B.V., alongside...