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Guyanese Trade Mission “encouraged” by discussions in Aberdeen

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One day into a trade mission to Europe’s Energy Capital, Aberdeen, several companies expressed interests in partnering with Guyanese businesses in the emerging Oil and Gas industry. Guyanese High Commissioner to the UK, Frederick Hamley Case and his British counterpart...
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Deepwater CAPEX to hit US$60B by 2022: Guyana among countries pushing rise

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South American emerging oil and gas powerhouse, Guyana, is listed among a handful of countries pushing a rise in annual deepwater capital expenditure. In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following...
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Multi-stakeholder committee to monitor oil revenues – Jordan

OilNOW -
The Guyana Government has committed to setting up a body to monitor the management of proceeds generated from the emerging Oil and Gas Industry. The Public Accountability and Oversight Committee is being facilitated under the recently tabled Natural Resources...
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38.5 billion earmarked for infrastructure development ahead of first oil

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Guyana’s Finance Minister, Winston Jordan, announced on Monday that 38.5 billion Guyana dollars – around US$183M – has been earmarked for major infrastructure development works in the South American country ahead of first oil in 2020. Mr. Jordan said this...
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Liza Phase 2 Environmental Impact Assessment approved

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The Environmental Protection Agency (EPA) in Guyana has approved the final Environmental Impact Assessment Report for ExxonMobil affiliate Esso Exploration and Production Guyana Limited’s (EEPGL) Liza Phase 2 Development Project. The EIA covers development of production facilities in the...
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Oil & gas to play major role in Guyana economy in 2019 – Finance Minister

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Guyana’s Finance Minister, Winston Jordan, said 2019 will see the beginning of a major economic transformation in the South American country. This, he said, is a direct result of the emerging oil and gas sector. Mr. Jordan’s comments came just...
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Historic Guyana-Aberdeen Trade Mission on this week

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British High Commissioner to Guyana, Greg Quinn, will be leading a delegation of Guyanese business representatives to Aberdeen, Scotland from November 27 to 29. Aberdeen is considered the oil capital of Europe and the number of jobs that have been created by the...
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Venezuela fuel shortages get worse as tanker staff flee

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(Bloomberg) Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are running at less than a quarter of their capacity, forcing the country to rely on imported gasoline. Once...
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Oil hits lowest in a year, even as OPEC considers output cut

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(Reuters) - Oil fell to its lowest level in more than a year on Friday on continued concerns about a rising global surplus, even as producers considered cutting output to curb supply. Prices were on course for their biggest one-month...
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PetroCaribe deterred focus on renewables – Caribbean academic

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(CMC) - A leading Caribbean academic says that while Venezuela's PetroCaribe initiative helped participating Caribbean Community (Caricom) countries get through a difficult patch, it also deterred investments in renewable energy. In 2005, Caracas developed an oil alliance with many Caribbean...
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ExxonMobil sees 60% year-on-year production boost in Guyana

ExxonMobil’s Chief Financial Officer, Kathy Mikells reported a 60% year-on-year increase in crude oil production offshore Guyana, during the...

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