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“Utter nonsense” – Jagdeo on claims Guyana can monitor oil costs in ‘real time’

OilNOW -
Claims have been made that Guyana can conduct ‘real time’ monitoring of costs incurred by ExxonMobil for its offshore Stabroek Block operations. The country's Vice President Dr. Bharrat Jagdeo dismissed these last Friday, explaining that such a system does...
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Shell, Malaysia NOC undertake renewable-powered Rosmari-Marjoram gas project

OilNOW -
Shell said Monday that its subsidiary, Sarawak Shell Berhad (SSB), made an investment decision to develop the Rosmari-Marjoram gas project. As operator for the project, Shell’s 80% stake is joined with a 20% stake held by PETRONAS Carigali Sdn Bhd, the...
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Exxon’s 5th Guyana project targeting 3 of the world’s largest discoveries, totaling 1.3 billion barrels

Kemol King -
ExxonMobil’s Uaru development is targeting approximately 1.319 billion barrels of oil, making it the largest project the company will be undertaking to date at the Stabroek Block offshore Guyana. The projects already approved and sanctioned offshore the South American country...
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With close to US$2M invested, Qualco Guyana pushing industry-standard training for locals

Shikema Dey -
Qualco Guyana was established in 2019 on the wave of massive discoveries being made offshore the South American country at the ExxonMobil-operated Stabroek Block. Although its operations were impacted by the COVID-19 pandemic just a year later, activities have...
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Oil jumps by more than $2 ahead of OPEC+ meeting

OilNOW -
(Reuters) - Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures advanced by...
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Guyana’s oil sector grows 73.5% in first half of 2022, with 34.6 million barrels produced

OilNOW -
The Guyana government said the petroleum sector expanded by 73.5% in the first half of 2022, with 34.6 million barrels of oil produced. It attributed the growth to commencement of oil production at the Liza Unity floating production, storage, and offloading (FPSO) vessel in...
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CGX hypes up Wei-1’s proximity to 14 Guyana, Suriname discoveries

OilNOW -
CGX Energy is preparing to spud the Wei-1 well in the Corentyne Block in October, confident in the placement of the prospect in the Northern section of the acreage, where it is flanked on various sides by a series...
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19 more Guyanese women entrepreneurs complete Accelerate-Her program

OilNOW -
The Centre for Local Business Development (CLDB) hosted an event at the Pegasus Hotel on Saturday, commemorating the completion of the second cohort of its entrepreneurship program – Accelerate-Her. Accelerate-Her is a professional development initiative for women entrepreneurs. It aims to...
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Regulator wants Exxon to evaluate impact of its operations on Guyana’s carbon sink

Kemol King -
Playing up its extensive forest cover, the Guyana government says the country is already at net zero status. And with ExxonMobil announcing plans to ramp up production offshore, regulators will be keeping tabs on how Stabroek Block operations impact...
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“We have a big opportunity to export gas to Brazil”, says Argentina’s 2nd biggest oil producer

OilNOW -
Pan American Energy (PAE), the second-biggest oil producer and fourth for natural gas in Argentina, is in talks with its partners in a cross-border pipeline to Uruguay to extend the system to supply gas to Brazil. According to a...
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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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