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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...
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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

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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

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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

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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

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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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Guyanese businessman unlocks financing opportunities with launch of new merchant bank

OilNOW -
Guyanese businessman and Accountant Floyd Haynes opened the New Hayven Merchant Bank on Thursday at the Marriott Hotel. The Bank's office is on Church Street in Georgetown. Under the banner ‘Guyanese Roots, Globally Connected’, the new bank will have firsthand...
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SBM Offshore completes US$1.75 billion financing for Guyana’s biggest floater

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Builder of Guyana’s floating production, storage and offloading (FPSO) vessels, SBM Offshore, announced Thursday that it completed project financing for the ONE GUYANA vessel to be used for the Yellowtail project. The FPSO project costs US$1.75 billion; SBM Offshore said...
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Guyana deepwater projects becoming increasingly important, says Norway group

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A focus on short-cycle investments in subsea markets over the last few years has led to more subsea tiebacks and less greenfield hub development, shifting operator spending away from subsea equipment and towards subsea, umbilicals, risers and flowlines (SURF)....
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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