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Adding gas-fired power to Guyana grid to cut emissions by 35% – Jagdeo

OilNOW -
Emissions associated with electricity generation are set to be slashed 35% with the addition of gas-fired power to Guyana’s grid, according to Vice President Bharrat Jagdeo. “The energy transition in Guyana is already taking place because if we move from...
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UG Vice Chancellor advocates for early STEM education to build future workforce

OilNOW -
Professor Paloma Mohamed, Vice Chancellor of the University of Guyana (UG), emphasized the critical need to start science and technology education early to secure the future of Guyana’s workforce in the rapidly growing oil, gas, and related sectors. Speaking...
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ExxonMobil’s deepwater strategy drives Guyana’s rapid oil production growth – VP 

OilNOW -
ExxonMobil’s deepwater oil strategy has positioned Guyana as a global leader in oil production. According to John Ardill, Vice President of Global Exploration at Exxon, Guyana’s oil production has surged to over 650,000 barrels per day since the discovery...
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Exxon could pursue potential LNG development offshore Guyana once gas resource is fully understood 

OilNOW -
An ExxonMobil-led liquid natural gas (LNG) development could be a possibility, with further assessment of what lies in Guyana’s Stabroek Block. That point was made by Exxon’s Vice President of Global Exploration, John Ardill during a recent discussion with...
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Awards to PetroChina bring total contracted area offshore Suriname to 46%

OilNOW -
Staatsolie announced that after the signing of production sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V., nearly 46% of Suriname's offshore area is now under contract.  PetroChina, a subsidiary of China National Petroleum Corporation (CNPC), obtained...
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No Stabroek Block crude is used for offshore operations – ExxonMobil Guyana clarifies

OilNOW -
ExxonMobil Guyana Limited (EMGL) has put on record that no crude produced in the Stabroek Block is utilised for its operations there.  The Friday afternoon statement from Exxon sought to clarify a local media report that questioned how many barrels...
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US$19 billion to be added to Exxon, co-venturer’s US$7 billion cost bank

OilNOW -
ExxonMobil and its co-venturers, Hess and CNOOC, are set to add US$19 billion to their cost recovery bank, in addition to the approximately US$7 billion that remains to be recovered from existing investments in the prolific Stabroek Block offshore...
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US EXIM Bank working to take Guyana gas loan request to Board by October

OilNOW -
The United States Export-Import Bank (EXIM) is working to take a loan request from Guyana for US$646 million, to its Board in October. This is according to the country’s Vice President, Bharrat Jagdeo.  The funding is being pursued in support of...
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Staatsolie looking at options to secure over US$1.8 billion for Suriname’s first deepwater project

Shikema Dey -
Staatsolie, Suriname’s state oil firm, has announced plans to issue bonds in 2025 as part of its strategy to finance participation in the first offshore oil production field in Block 58. The company is entitled to a maximum 20%...
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‘Arrogance of the first order’ if critics from US, Norway tell Guyana to stop oil production – ex Norway minister

OilNOW -
Former Norwegian Environment Minister Erik Solheim has condemned calls for Guyana to stop producing oil from persons in veteran oil producing countries. Solheim said that people from such nations, including the United States, should not dictate to Guyana or...
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IEA warns of major drop in oil investment as clean energy gains momentum

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OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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