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U.S. warned not to slow down approvals of gas exports; could put European allies at risk

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Mike Sommers, Chief Executive Officer (CEO) of the American Petroleum Institute (API) sounded alarm bells over President Joseph Biden’s mulled slowdown of liquefied natural gas (LNG) project approvals.  Reports indicate the Biden administration is re-evaluating the climate criteria it uses...
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Development of Reg. 3 would have been curtailed without GAICO facility – Pres. Ali as US$30 million project commissioned 

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The value created by GACIO’s US$30 million marine facility on the West Bank of Demerara was enormous, said Guyana President Irfaan Ali at the commissioning ceremony on Jan. 13.  Ali delivered the feature address at the event and said the...
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Offshore Innovators celebrates milestones in Guyana’s O&G industry 

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Offshore Innovators Guyana Inc. (OIGI) has marked significant achievements in the country's burgeoning oil and gas sector, which it says showcases its commitment to local empowerment and contributing to the nation's newfound energy landscape.  Established in January 2017, OIGI said...
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“Ten-fold” increase in UK, Guyana trade shows eagerness of investors to tap South American market – envoy

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Acting British High Commissioner, Greg Quinn recently pointed to the “ten-fold” surge in UK-Guyana trade, one he said reflects a keen interest from investors aiming to access the South American market. Quinn had previously served in the position from 2015...
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Chevron, Staatsolie to host supplier forum for Suriname companies this month

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As part of a wider effort to bolster the capabilities of Surinamese businesses, Chevron and Staatsolie are set to host a Supplier Development Program later this month. This initiative follows the successful 2023 Blue Wave Supplier Development Program launch,...
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Heavier Payara crude may be pricier than Liza’s due to Europe’s preference – S&P

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The European market's evolving preference for crude oil, amidst changing global dynamics, has led to distinctions in the valuation of Guyana's crude exports, particularly between Liza, Unity Gold, and Payara crude. Felipe Perez, Head of Latin America Fuels and...
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Due diligence on awardees being conducted to wrap up oil blocks awards – Jagdeo 

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A verification process of the oil block awardees is being undertaken before the final sign-off, said Vice President Bharrat Jagdeo on Jan. 11.  Asked for an update on the auction, Jagdeo shared that the firms were asked to submit additional...
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Jumbo awarded contract for Exxon’s fifth Guyana FPSO

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Jumbo Offshore has been awarded a contract by MODEC Guyana Inc. for the pre-installation of the mooring spread of the Errea Wittu floating production storage and offloading vessel (FPSO), which will be located offshore Guyana at ExxonMobil’s Uraru Development. Errea...
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Guyana to explore potential for crude sales to India only at competitive rates – Jagdeo

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Guyana is set to sign a memorandum of understanding (MoU) with India, initiating a potential pathway for India to diversify its oil imports by considering the purchase of crude from the South American country. This development follows a recent...
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Exxon kicks off 2024 Stabroek campaign with resumed drilling at Bluefin well

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ExxonMobil Guyana has recommenced exploration drilling operations at the Bluefin-1 well site within the Stabroek Block. This continuation of exploration activities was announced in a notice to mariners issued by Guyana's Maritime Administration Department (MARAD). The Stena Drillmax has been...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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