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New Guyana oil blocks on auction similar to Stabroek’s ‘Golden Lane of Discoveries’

Shikema Dey -
Petroleum Geo-Services (PGS) said in a new report this week that similar trends to the prolific “Golden Lane” of discoveries, which include Liza in the Stabroek Block offshore Guyana, have been identified in the country's outboard licensing blocks D1,...
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QatarEnergy takes 25% share in Iraq’s Gas Growth Integrated Project

OilNOW -
QatarEnergy said it has agreed to hold a 25% share in the Gas Growth Integrated Project (GGIP) - a multi-billion-dollar project aimed at monetising and developing the natural gas resources of the Republic of Iraq. The GGIP consortium will be...
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Key ICJ ruling could take Guyana a step closer to ending Venezuela border controversy

Shikema Dey -
Guyana could move one step closer to ending the more than a century long border controversy with its Spanish-speaking neighbour Venezuela, should the World Court rule in its favour on Venezuela's preliminary objections to the admissibility of the matter....
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Tax boss says Exxon audit report still under review, leaked document ‘unvalidated’

OilNOW -
Recent media reports have zeroed in on what was purported to be the final findings from an IHS Market audit of ExxonMobil’s 1999-2017 costs for its Stabroek Block operations.  But Commissioner General of the Guyana Revenue Authority (GRA) Godfrey Statia...
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Everyone, but the banks, is betting on you – Tucker tells Guyana Local Content Summit

OilNOW -
Immediate past President of a key business group in Guyana - the Georgetown Chamber of Commerce and Industry - Timothy Tucker, says everyone, except the commercial banks, is betting on the new oil producing South American country. This is...
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Trinity Exploration to drill Jacobin well onshore Trinidad in April

OilNOW -
Trinity Exploration & Production said in a 2023 Q1 operational update that wellsite preparation for the onshore deep Jacobin well is underway, with the prospect expected to be spudded in late April. The company has a 100% interest in the...
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Guyanese entrepreneurs going into pocket, bringing in partners to tackle access to finance issue

Shikema Dey -
Access to finance continues to be the common theme in local content discussions, as it remains a main hindrance to the success of local enterprises desirous of tapping into Guyana’s expanding oil sector.  As the inaugural Local Content Summit 2023...
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‘We are here to listen’ – Jagdeo to Guyana’s inaugural Local Content Summit

OilNOW -
"We are here to listen," Vice President Dr. Bharrat Jagdeo said as keynote speaker for the opening of Guyana's first ever Local Content Summit, Tuesday at the Pegasus Corporate Centre. The summit comes as the government is gearing up to...
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Trying to change contract terms willy-nilly is ‘low-life mentality’ – Tucker

Kemol King -
Former President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, is heavily criticizing calls to renegotiate the contract Guyana entered with ExxonMobil and the Stabroek Block co-venturers. Tucker pointed out that arbitrary decisions to change the...
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What Shell can add to Guyana’s oil story

Shikema Dey -
Offshore competition could heat up in Guyana, with Shell Corp. mulling a stunning return after leaving the country 10 years ago.  ExxonMobil is currently the sole oil producer in the South American country and the only company that has found...
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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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