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Guyana business groups rally behind gov’t, opposition against Venezuela overtures

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) have applauded recent talks between the Guyana government and the opposition, led by President Irfaan Ali and the Leader of the Opposition, Aubrey...
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Seaway7 gets substantial award for work in Baltic Sea

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Seaway7, part of the Subsea7 Group, confirmed on October 24, the award of a substantial contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects, in the Polish...
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Venezuela’s referendum has no validity; language suggests use of “force or war” – CARICOM

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Grave concerns have been expressed by the Caribbean Community (CARICOM) on Venezuela’s decision to conduct a national referendum defending its claim to two-thirds of Guyana’s territory.   CARICOM said that two of the five questions approved to be posed in the...
Discoveries

Lancetfish delivers more oil, new interval in play

Shikema Dey -
The Lancetfish reservoir in Guyana’s Stabroek block has delivered more oil, Hess Corporation announced on Wednesday in its earnings statement.  Hess said the Lancetfish-2 appraisal well encountered approximately 125 feet of net oil pay in appraisal reservoirs and approximately 65...
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Chevron’s deep pockets could see more “adventurous drilling” in Stabroek Block – Deakin

Shikema Dey -
The move by Chevron to buy out Hess was not so much a surprise to Americas Market Intelligence (AMI) Director of Energy, Arthur Deakin. Why? Because of the current market trend of majors with deep pockets taking over smaller...
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Joint statement by Guyana President, opposition leader on Venezuela

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Official Statement His Excellency Dr. Mohamed Irfaan Ali, President of the Cooperative Republic of Guyana and Mr. Aubrey C. Norton, MP., Leader of the Opposition met at the Office of the President on Tuesday, October 24, 2023, to discuss the...
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Any action against Guyana would put Venezuela on ‘back foot’ with U.S. – AMI Energy Director

Shikema Dey -
Venezuela’s national referendum on the Guyana border controversy is the latest in a series of actions from the Maduro regime in support of its claim to more than two-thirds of Guyana's territory. But Director of Energy at Americas Market...
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Guyana warns against ‘international crime of aggression’ as Venezuela intensifies efforts to grab territory

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The Government of Guyana has issued a strong statement expressing its firm rejection of the recent move by the National Electoral Council of the Bolivarian Republic of Venezuela to include questions in a national referendum, scheduled for December 3,...
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Guyana oil revenues jump 32%

Kemol King -
In the first three quarters of 2023, Guyana received US$1.038 billion in oil revenues, representing a 32% increase compared to the US$786 million received during the same period in 2022. Disaggregated, the government’s natural resource fund (NRF) received US$872.83...
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Welding, laying of pipeline on target for 2024 Gas-to-Energy roll out – Exxon

OilNOW -
ExxonMobil Guyana said it remains on track to complete the pipeline for the country’s Gas-to-Energy project set to come online in 2024.  Providing an update on October 17, President of the company, Alistair Routledge, said pipelaying is currently underway in...
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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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