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Sheriff Group turns sod for first mall in Guyana’s Berbice County

OilNOW -
The Sheriff Group of Companies today turned the sod for the first mall in Guyana’s Berbice County.  The four-phase mall will be located at Palmyra, close to the Berbice River bridge.  The region is quickly becoming a hub for development because...
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Guyana, Permian continue to boost Exxon’s earnings

OilNOW -
ExxonMobil, one of the world's leading energy companies, has announced robust third-quarter earnings of US$9.1 billion, surpassing the second-quarter earnings of US$7.9 billion. It said that the performance was underpinned by a strong operational showing, including record refining throughput...
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Guyana to commence negotiations with winners in first-ever oil auction

Kemol King -
Guyana is preparing to invite, in the coming week, the winning bidders in its first-ever offshore licensing round to commence negotiations, Vice President Bharrat Jagdeo said during an October 26 press conference. The winners were those which submitted the...
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Stabroek Block co-venturers initiate purchase of Liza Unity FPSO

OilNOW -
Hess Corporation on October 25 indicated, in a Q3 earnings report, that the purchase process for the Liza Unity floating production, storage and offloading (FPSO) unit has begun.  The FPSO is currently producing approximately 250,000 barrels of oil per day...
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Italian energy group Saipem bounces back with record orders, improved margins

OilNOW -
Saipem, the Italian energy services group, is making significant strides in its recovery efforts. The company is nearing the completion of troublesome projects that prompted a capital raise last year, according to the chief executive officer, Alessandro Puliti. He...
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Guyana attorney general urges Inter-Parliamentary Union to condemn Venezuela’s actions

OilNOW -
Anil Nandlall, attorney General and minister of legal affairs of Guyana, has called upon the Inter-Parliamentary Union (IPU) to condemn Venezuela’s actions and demand that it respects the legal process of the International Court of Justice (ICJ). He made...
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Guyanese company wins two oil blocks in country’s first auction 

Shikema Dey -
Sispro Inc. - the lone Guyanese bidder in the country’s first auction has been awarded two blocks, Vice President Bharrat Jagdeo announced at apress conference on Thursday.   Sispro copped S3 and D2 blocks. Out of the 14 bids made...
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OAS in full support of CARICOM statement dismissing Venezuela’s Essequibo referendum

OilNOW -
Luis Almagro, secretary general of the Organization of American States (OAS), took to social media platform X on October 25 to express his unequivocal support for a statement released by the Caribbean Community (CARICOM) concerning Venezuela's planned Essequibo referendum.  "We...
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Sixth richest man in the world ‘indirectly betting on emerging oil superpower’

OilNOW -
Market Insider reports that Warren Buffett, the sixth richest man in the world, is set to gain indirect exposure to Guyana, the world's fastest-growing economy and an emerging oil superpower, by way of Chevron’s acquisition of Hess Corporation, announced...
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First half of Guyana technical training center for completion this quarter – Routledge

OilNOW -
By next year, the Guyana Technical Training College Incorporated (GTTCI) will commence operations, as the first half is slated for completion this quarter. This is according to ExxonMobil Guyana President, Alistair Routledge.  “...we will see, by the beginning of next...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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