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9 bidders vie to supervise Guyana’s Gas-to-Energy project

OilNOW -
Nine firms from Trinidad & Tobago, Canada, the United States, and India have submitted bids in response to the government’s request for consultancy services for the supervision of the Guyana Integrated natural gas liquids (NGL) Plant and 300MW Power...
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Guyana, Suriname schedule high-level meeting to address fishing woes – Ali

OilNOW -
Guyana’s President Dr. Mohamed Irfaan Ali told reporters Wednesday the nation has agreed with Suriname to have a high-level meeting within two weeks to address fishing woes experienced near the border. Ali said he is pleased with the response from...
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Accelerated oil development pushing growth in tourism, mining, construction sectors – Report

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The rapid expansion of Guyana’s oil and gas industry is also propelling growth in its mining and construction sectors. In this regard, the country’s Ministry of Finance outlined in its 2022 Half-Year report that the mining and quarrying industries are estimated...
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Nigerian energy conglomerate eyes onshore oil exploration in Guyana

OilNOW -
Aiteo Group – one of Nigeria’s latest energy conglomerates has signaled its interest in Guyana’s booming oil and gas sector, particularly in onshore exploration and development. Its Chief Executive Officer (CEO) and Founder, Benedict Peters led a delegation of investors...
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Guyana’s non-oil economy remains positive revenue earner alongside booming oil industry

OilNOW -
Though Guyana’s oil sector is projected to account for nearly 60% of Gross Domestic Product (GDP) for 2022, the government’s intent to have an economy built on a diversified stream of revenues is bearing fruit. According to the Ministry...
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Joe Douglas Jack Up returns to TT for bp’s new drill campaign

OilNOW -
The Joe Douglas Jack Up rig has returned to Trinidad and Tobago for bp Trinidad and Tobago’s (bpTT) new round of drilling next month. According to bp, the drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas, headed to its Mango drilling site – situated...
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Guyana’s oil fund balloons to US$949.9 million

OilNOW -
Guyana’s Central Bank reported in its monthly financial statement for the Natural Resource Fund (NRF) that deposits have now ballooned to a whopping US$949,949,037.75. or GY$198,064,374,000. At the end of August, no royalties were collected. There were also no withdrawals....
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Guyana condemns ‘harassment’ of Guyanese fisherfolks by Suriname authorities

OilNOW -
Guyana on Monday condemned the treatment of Guyanese fisherfolk by Suriname authorities and urged its Dutch-speaking neighbour to uphold a commitment it had made to issue fishing licenses to them. In a strongly worded statement, the government reminded that Suriname...
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Guyana expects 1 million bpd output by 2029; Exxon could get there sooner

OilNOW -
Guyana’s Ministry of Finance in its 2022 mid-year report said oil production is expected to surpass one million barrels per day by 2029 at the ExxonMobil-operated Stabroek Block. But based on the pace of project approvals, this is likely to...
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Kaieteur Block partner, Cataleya Energy initiates free training for Guyanese to support economic diversification

OilNOW -
Cataleya Energy Limited, a locally owned and controlled partner in the Kaieteur Block, has initiated a free six-month training course for Guyanese, all in an effort to support President Dr. Mohamed Irfaan Ali’s push for a diversified economy. Speaking with OilNOW, Co-Founder & Director of...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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