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

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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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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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