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Value of Stabroek Block discoveries manifesting itself in country – Exxon CEO

OilNOW -
ExxonMobil’s Chairman and Chief Executive Officer (CEO) Darren Woods believes that the value created by its successes in Guyana are being manifested locally.  Addressing investors during the company’s recent Q4 Earnings Call, he stated “...the importance of that resource and...
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Guyana House approves second national budget to be supported by oil revenues

OilNOW -
Guyana’s Finance Ministry announced Thursday that the Parliament has approved the GY$781.9 billion (US$3.75 billion) national budget for 2023. The approval follows two weeks of debates and hearings on various aspects of the budget. Minister of Finance, Dr. Ashni Singh...
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Exxon to craft long-term waste management strategy for Guyana operations

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ExxonMobil Guyana is looking for firms to provide a Screening Level Assessment of current and future landfill opportunities for its industrial waste. The study, it said, is intended to further develop the company’s long-term waste management strategy. “Note that “industrial” refers...
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Guyana looking to establish a petroleum data repository

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Guyana plans to hire a consultant this year to set the stage for the establishment of the government’s own petroleum data repository. “We will have to determine first of all what data we need to store, the size of the...
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US waiver to tap Venezuela gas field “a breath of fresh air” for Trini services sector – Ramps CEO

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RAMPS Logistics’ Chief Executive Officer, Shaun Rampersad, said “a breath of fresh air” has been breathed into the Trinidad and Tobago services sector, now that the United States has granted a waiver of its sanctions regime to allow development...
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Guyana First Lady says new oil production vessel creates link to brighter future

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Singapore, February 1, 2023: First Lady of Guyana, Arya Ali, says the name of the Prosperity floating production, storage and offloading (FPSO) vessel represents what is in store for the people of the new oil producing South American country....
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Guyana bid round: New fiscal terms won’t deter investors – Deakin

Shikema Dey -
Interest from investors in Guyana's upcoming bid round is expected to be favourable despite revised fiscal terms in the new Production-Sharing Agreement (PSA) that will see more revenue going to the South American country. “I do not see those fiscal...
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Guyana budgets GY$100.7M to review Exxon’s Whiptail field plan

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Guyana Minister of Natural Resources, Vickram Bharrat, said Tuesday that GY$100.7 million (approximately US$483,000) has been budgeted to review the Whiptail field development plan (FDP). The government, he said, has received indication that the plan will be submitted in 2023. The...
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Final audit report on Stabroek Block costs due in March – Bharrat

Kemol King -
An audit, launched in May 2022 of Stabroek Block costs submitted for the period 2018-2020, is due to wrap up in March this year, Guyana’s Minister of Natural Resources, Vickram Bharrat said Tuesday. There was a misconception, Bharrat explained, that...
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Guyana and Suriname forge closer private sector ties

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Guyana’s Private Sector Commission is establishing closer ties with its Surinamese counterpart for enhanced collaboration as both countries pursue oil and gas development.  The Guyana-Suriname Private Sector Business Council headed by Guyanese Paul Cheong was created in 2022 and on...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...

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