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US defense official engaging with CARICOM leaders in Guyana visit 

OilNOW -
Daniel P. Erikson, the U.S. Deputy Assistant Secretary of Defense (DASD) for the Western Hemisphere at the U.S. Department of Defense, is in Guyana from January 8 to 9, 2024. This visit, according to the U.S. Embassy in Guyana,...
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Mexico’s upstream slowdown seen as opportunity for Guyana

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According to a recent article by S&P Global Commodity Insights, the upstream oil and gas activity in Mexico is anticipated to experience a slowdown in 2024. This situation has emerged as companies foresee limited new opportunities following the election...
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GAICO to commission US$30 million marine facility this weekend 

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GAICO Construction and General Services is set to commission a US$30 million marine facility in Guyana, located at Nismes Foreshore, West Bank Demerara, housing a wharf, dry dock laydown, and storage yard.  In its project summary to the Environmental Protection...
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Libra Consortium approves gas separation project in Brazil’s Mero Field 

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The Libra Consortium, a Petrobras-led group, has officially greenlit a natural gas and CO2 separation and reinjection initiative in the Mero field, located in the Brazilian deep offshore pre-salt region. The move, marking the final investment decision, aims to...
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Refinery or strategic reserves? Guyana explores options for fuel security

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Guyana is still considering a refinery, according to Vice President Bharrat Jagdeo, with five prospective investors already identified.  “We have been having discussions with a number of people who have expressed interest. That group was narrowed down to about five,”...
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IMF projects 26.6% growth for Guyana in 2024, warns of overheating risk

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The International Monetary Fund's (IMF) Article IV Consultation Report from December 2023 forecasts 26.6% growth in Guyana's economy for 2024, following a 38.4% projected expansion in 2023.  While the IMF’s report was positive, it warned the economy could become overheated,...
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Oil majors gradually taking over Guyana-Suriname basin

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The oil majors ExxonMobil, TotalEnergies, Chevron, and Shell are gradually expanding their presence in the Guyana-Suriname Basin. With some contracts expected to be finalized in 2024, these four companies will have stakes in 15 offshore blocks, amounting to more...
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Petrobras-led group makes order with TechnipFMC valued over US$1 billion

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TechnipFMC announced a major integrated engineering, procurement, construction, and installation (iEPCI™) contract awarded by Petrobras. This contract, valued over US$1 billion, is for the Mero 3 HISEP® project, an endeavor utilizing subsea processing to capture and inject carbon dioxide-rich...
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Guyana, Namibia to remain key exploration hotspots for the foreseeable future – S&P

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Guyana and Namibia are set to sit at the top as pivotal exploration hubs in the foreseeable future, according to predictions by S&P Global Commodity Insights analysts Ian Conway, Jack Rivers and Stuart Lewis.  ExxonMobil is the lead operator in...
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Guyana’s exponential energy demand may beckon another power project – VP

Shikema Dey -
Vice President Bharrat Jagdeo believes Guyana may need to start planning for another energy generation project to satisfy the country’s growing demand.  Current output has trouble meeting demand, and this leads to frequent power outages sometimes countrywide. A reliable solution...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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