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Guyana aiming for major infrastructure overhaul by 2030, as largest building expo launched

OilNOW -
The Guyana government launched the International Building Expo at the National Stadium Friday night, the largest one to date, heralding a massive infrastructural overhaul for the new oil producing country this decade. Sherwyn Greaves, Chief Executive Officer of the Central Housing...
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Expanded low carbon strategy tabled after months of consultations

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After more than seven months of nationwide consultations, the Guyana government tabled its new and expanded Low Carbon Development Strategy (LCDS) 2030 in the National Assembly on Thursday. It was the Senior Minister in the Office of the President...
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Guyanese, T&T companies in subsea support joint venture

OilNOW -
Caribbean Subsea Specialist Inc., (CSSI) a Guyanese majority-owned subsea services company has entered the country’s market, promising to bring world-class training to the oil and gas sector. Launched on Thursday evening, CSSI’s Operations Coordinator, Dylan Galt, said that the company...
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Guyana government asks House to inject GY$332.6M into Hess/Mount Sinai healthcare initiative

OilNOW -
The Guyana Government on Thursday submitted to the National Assembly, a request for supplementary funding totaling GY$44.7 billion for the fiscal year 2022. Of that sum, GY$332.6 million (nearly US$1.6 million) is being sought for withdrawal from the Consolidated...
Industry Insight

Guyana oil revenues to break US$1 billion mark this year; exceed US$7.5 billion by 2030 – Rystad Energy

OilNOW -
Bolstered by ExxonMobil’s industry leading production and development pace in the Stabroek Block, Guyana’s oil and gas revenues are on track to break the US$1 billion mark this year and accelerate to US$7.5 billion annually in 2030, research by Rystad Energy shows. The independent...
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CGX’s drilling of Wei-1 well delayed to fourth quarter

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CGX Energy Inc. said final preparations are underway for the planned spudding of the Wei-1 well in the Corentyne Block in October 2022. The Wei-1 exploration well, located approximately 14 kilometres northwest of the Kawa-1 exploration well in the Corentyne block,...
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Tight on funds, CGX surrenders majority stake in Corentyne Block to Frontera

OilNOW -
Operator of the Corentyne Block, CGX Energy Inc., announced that it is surrendering its majority stake to its joint venture partner, Frontera Energy Corporation. The agreement amends a January 30, 2019 agreement the two had made when Frontera farmed into...
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Builder of Guyana’s oil production vessels looking to fill multiple positions

OilNOW -
SBM Offshore, the company building and operating floating production storage and offloading (FPSO) vessels for oil production activities offshore Guyana, is looking to fill multiple positions for its local operations. In a public notice, the company said it is looking...
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30 contractors already registered on new local content opportunity portal

OilNOW -
Guyana’s Local Content Secretariat (LCS) has created a new portal to help streamline opportunities for locals available in the country’s oil and gas industry. The portal carries a similar interface to the Local Content Registry of local companies. According to...
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TotalEnergies severs business with Myanmar over human rights abuses

OilNOW -
TotalEnergies has withdrawn from the Yadana field and from the Moattama Gas Transportation Company (MGTC) in Myanmar, both as shareholder and operator. The major said its decision follows continuing deterioration of the human rights situation in Myanmar and resulted from...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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