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Guyana government makes first withdrawal from oil fund for 2024

OilNOW -
Guyana's Ministry of Finance said the government has transferred US$250 million (approximately GY$52 billion) from the Natural Resource Fund (NRF) to its main bank account, the Consolidated Fund.  The National Assembly had approved US$1.586 billion (approx. GY$330 billion) to be...
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Guyanese firms among bidders to audit Exxon’s 2021-2023 Stabroek Block expenses

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Guyana’s National Procurement and Tender Administration Board (NPTAB) recorded three bids for the provision of consulting services to verify Stabroek Block expenses. Specifically, the services include a cost recovery audit and validation of the Government of Guyana’s profit oil...
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Less than four months left in CGX’s northern Corentyne appraisal program

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CGX Energy and its Corentyne Block partner, Frontera Energy, have less than four months remaining on their appraisal program for the 994 km2 license area. The appraisal program was approved for a period of 24 months from June 29, 2022...
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Technip Energies to lead early EPC work for ADNOC’s Ruwais LNG project

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Abu Dhabi National Oil Company (ADNOC) is preparing to make a final investment decision later this year for the Ruwais liquefied natural gas (LNG) project, the first LNG export facility in the Middle East and North Africa region to...
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Guyana received US$225 million for oil exports in February

OilNOW -
Guyana’s Natural Resource Fund (NRF) received approximately US$225 million (GY$46.9 billion) in February.  The payments represent Guyana's share of oil sales. The NRF also made interest income of GY$2.05 billion (approximately US$9.8 million).  The next quarterly payment of royalties is expected in...
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Halliburton launches STEM program to capture Guyanese talent

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Halliburton announced the initiation of the Development Excellence Engineer Program (DEEP) in Guyana for the year 2024. The program aims to engage students in their final semester, and recent graduates in science, technology, engineering, and mathematics (STEM) fields, offering...
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Guyana prepares to host Caribbean Investment Forum

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Guyana is gearing up to welcome the Caribbean Investment Forum from July 10 to 12 this year, positioning itself as a hub for business collaboration and sustainable development initiatives. Scheduled to take place at the Arthur Chung Conference Centre (ACCC),...
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16 T&T companies to scout for business opportunities in Guyana

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Trinidad and Tobago's (T&T) Chaguanas Chamber of Industry & Commerce is heading to Guyana for a trade mission on March 19 and 20, 2024, as part of Business to Business (B2B) meetings organized by the Together We Win Business...
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Exxon to pursue optimization of Payara to 250,000 b/d – Chapman

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Neil Chapman, Senior Vice President at ExxonMobil, said the company will pursue debottlenecking of the Payara project infrastructure with an expectation to achieve oil production of 250,000 barrels per day (b/d). He commented during a March 6 ‘fireside chat’...
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Trinidad sees gradual economic recovery, but faces uncertainties – IMF

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Trinidad and Tobago is experiencing a notable economic turnaround, marking the first instance of sustained recovery in a decade, according to the International Monetary Fund (IMF) Staff Concluding Statement of the 2024 Article IV Mission published on March 11.  It...
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Eco Atlantic considering heavy-oil development at Jethro; says Exxon Hammerhead FID triggers ‘fresh look’

Eco Atlantic Oil and Gas is taking a fresh look at its 2019 Jethro-Lobe discovery offshore Guyana, after ExxonMobil’s...

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