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Development of non-oil resources could build Guyana’s stock of transferrable skills – World Bank

Guyana is endowed with considerable untapped natural resources, including minerals, agricultural lands, forests and water, which oil revenues could help develop. Enabling the growth of high value-added sectors in which Guyana has a comparative advantage based on its natural...

Suriname bid round closes with interest shown in less than 50% of blocks offered

Suriname’s Shallow Offshore Bid Round closed on April 30 with international oil companies showing interest in just 3 of the 8 oil blocks that were on offer. According to state oil company Staatsolie Maatschappij Suriname N.V., a total of 10...

Over 600 UG students already benefiting from ExxonMobil-funded Zoom Rooms

The ‘Zoom Rooms’ project recently launched by the University of Guyana (UG) and funded by ExxonMobil’s Greater Guyana Initiative is benefitting hundreds of UG students who now have easier access to virtual classes necessitated by the COVID-19 pandemic. Zoom Rooms...

Stena Drilling seeking contractors for food, cleaning supplies in Guyana

Stena Drilling, operator of the Stena Carron and Stena DrillMAX rigs on contract with ExxonMobil for operations offshore Guyana, is seeking contractors to supply a range of services from the second quarter of this year. “Food Services may be required...

More penetrations in Santonian could push Guyana oil resources even higher

In addition to Uaru-2, three other discoveries offshore Guyana – Liza Deep, Tripletail and Yellowtail – have had deeper penetrations into the Santonian. That deeper interval is found not only at the prolific Stabroek Block, but also extends east...

Oil for oxygen, India welcomes Saudi aid

(Reuters) Indian oil minister Dharmendra Pradhan on Friday thanked Saudi Arabia and other Middle Eastern oil producers for supplying liquid medical oxygen (LMO) to help the country in its battle withthe COVID-19 crisis. In a series of tweets, Pradhan also...

Exxon submits application for giant Yellowtail development in Guyana deepwater province

U.S. oil major ExxonMobil, operator at the prolific Stabroek Block offshore Guyana, has submitted an application to the Environmental Protection Agency (EPA) to undertake the Yellowtail Development. According to the EPA, the proposed project will be implemented in multiple stages...

Gas pipeline will accelerate Guyana’s clean energy transition, build massive industrial base – TT energy advisor

While the Guyana government forges ahead with plans to bring the US$900M gas-to-shore project on stream by 2024, there have been some expressed concerns about the implications such initiatives may have in delaying the country's full transition to renewables....

Guyanese recruitment firm expands services to Suriname as deepwater operations grow

Guyanese firm Strategic Recruitment Solutions Inc. (SRS) has expanded its professional network and services to Suriname. Effective May 4, 2021, SRS launched a partnership with the Suriname based Humus Consulting. The Joint Venture, Strategic Recruitment Suriname N.V., will provide...

Global oil reserves falling at alarming rate even as Guyana adds big volumes

Guyana accounts for over 70% of ExxonMobil’s new proven reserves placing it way ahead of its peers for new discovered volumes. However, Norway-based Rystad Energy is sounding an ominous warning that Big Oil could see proven reserves run out...

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Oil hits US$110 as Trump’s ominous deadline to Iran nears

Global oil prices moved higher this week as tensions between the United States and Iran intensified ahead of a...