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Exxon could start up standalone gas project offshore Guyana by 2029

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President of ExxonMobil Guyana, Alistair Routledge, told Reuters that gas production in the Stabroek block may be possible in 2029 or 2030.  “By early 2025, we will have done the exploration and appraisal work to understand how comfortable we are...
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Guyana well positioned to tackle local content in some unique ways – WoodMac analyst

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Guyana's efforts to date in promoting local content development in its oil and gas sector earned commendation from industry experts at the Guyana Energy Conference and Supply Chain Expo. Mark Oberstoetter, Head of Upstream Americas (non-L48) Research at Wood Mackenzie...
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Norway firm says analysis shows oil consumption on track to decline with 1.6-1.9°C climate targets

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Chief Executive Officer (CEO) of Rystad Energy, Jarand Rystad said the firm’s analysis shows there is a pathway for the decline in oil consumption to align with global climate targets aiming to limit global warming to between 1.6°C and...
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SBM Offshore’s footprint in Guyana growing larger; 51 new vendors added in 2023

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Fifty-one Guyanese companies were added to SBM Offshore Guyana’s vendor database in 2023, according to Garri Fraser, the company’s Local Content Officer.  Fraser gave insight on SBM Offshore’s local content strides, during the company’s 'Let’s Talk Local Content’ Seminar, held...
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Guyana ‘off-the-charts’ in AMI’s ranking of LATAM investor destinations

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Americas Market Intelligence (AMI) has once again placed Guyana at the top of its eco-political ranking of investment destinations in Latin America. The firm’s ‘Latin America 2024 Outlook: The Good, The Bad And The Ugly’ analysis found Guyana’s score...
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Guyana bank partners with IDB Invest to finance Muneshwers Group expansion

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The Guyana Bank for Trade and Industry (GBTI) has forged a partnership agreement with the Inter-American Development Bank through the IDB Invest program to provide financing for the expansion of the Muneshwers Group.  The agreement was formalized today at the...
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TOTALTEC teams up with Skills Assurance to offer Guyanese companies a new suite of eLearning packages

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TOTALTEC has announced its collaboration with Skills Assurance, a provider of eLearning training solutions, to introduce comprehensive eLearning packages tailored for Guyanese companies working in, and supporting the energy sector. TOTALTEC said it aims to enhance worker safety standards,...
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Guyana may revise model offshore contracts for second licensing round – Jagdeo

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The Guyana government may revise its model petroleum agreements for offshore licenses ahead of its second licensing round.  Vice President Bharrat Jagdeo told a gathering at the Guyana Energy Conference and Supply Chain Expo on Tuesday, “We’ve heard that the...
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bpTT spuds well for next major Trini gas project

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bp Trinidad and Tobago’s (bpTT) first well on the Cypre project has been spud using the Joe Douglas jackup rig, the Trinidad and Tobago Energy Chamber said in an update.  This is the first of seven wells to be drilled. bpTT...
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How many of Guyana’s barrels are being used for CARICOM’s energy security? – TT Minister

Shikema Dey -
Trinidad and Tobago seems to want Guyana to use some of its own barrels to help achieve energy security in the Caribbean Community (CARICOM). Its Minister of Energy and Energy Industries, Stuart Young, made this point known during his...
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U.S. Senator presents bill to strengthen security cooperation with Guyana amid Venezuela threats

United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring...

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