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Non-traditional approach to financing needed in Caribbean’s biggest oil producing nation

OilNOW -
As development in Guyana continues to expand, industry stakeholders are encouraging the nation’s policy drivers and the private sector to tackle the country’s steep learning curve. To address this, Angus Young – Executive Vice President – Regional Investment Banking and...
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Creating a Diaspora ministry, allowing immigration from CARICOM could serve Guyana well – IMF

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The International Monetary Fund (IMF) has urged Guyana to urgently review its migration laws as well as find other creative means of attracting expertise from the Guyanese Diaspora to help develop its oil sector. With the low base in education...
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Int’l Association of Oil & Gas Producers ready to help Guyana expand technical expertise – CEO

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For Guyana to make the best of its oil riches, it will need to strengthen its technical capacity to govern the industry as quickly as possible. To this end, Chief Executive Officer (CEO) of the International Association of Oil and...
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IMF commends Guyana’s low carbon development plan

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The International Monetary Fund (IMF) applauded Guyana’s comprehensive Low Carbon Development Strategy (LCDS) 2030 which outlines plans to combat climate change. It said the strategy commits Guyana to the reduction of emissions by 70% before 2030 mainly via maintaining vast...
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Guyana FPSOs delivering over 30,000 bpd above initial oil production targets

Kemol King -
ExxonMobil’s Liza Phase 1 and 2 projects have been exceeding expectations in recent months. Collectively, the projects peaked at 391,000 barrels of oil per day (bpd) on certain days in August, or 31,000 bpd above initial projections, according to...
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Veolia to supply seawater treatment module for Exxon’s fourth Guyana FPSO

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SBM Offshore has awarded a multi-million-dollar contract to Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd. to supply a seawater treatment process module for the massive ‘One Guyana’ floating production storage and offloading vessel. The vessel will be used...
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Publication of contracts, creating bidders’ register part of Guyana’s anti-corruption efforts

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As Guyana continues with the development of its oil bonanza, the International Monetary Fund (IMF) said it is critical that the new producer mitigates any rise in corruption levels as this ultimately undermines overall growth. In a recent report, the...
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Guyana must strive to produce cleanest oil barrels – Iman Hill

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While she agrees that Guyana must fast-track the development of its oil resources, Iman Hill, Chief Executive Officer (CEO) of the International Association of Oil and Gas Producers (IOGP), is urging authorities to put systems in place to ensure the "cleanest barrels"...
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Rising flows from Guyana’s oil fields continue to shore up UK shortfall

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Russian seaborne crude exports have fallen to a 12-month low as a ban by the European Union along with price caps remain on the horizon. The shortfall in supply across Europe is being shored up by alternative sources of...
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UK company upskilling Guyanese oil workers lands prestigious award

OilNOW -
3t EnerMech, one of the companies involved in the upskilling of Guyanese workers, has been named ‘Regional Winner for East Africa and the Rest of the World’ by the Engineering Construction Industry Training Board (ECITB). The Board celebrates and rewards...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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