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Guyana could earn over US$130 billion in the next 20 years, says Rystad Energy

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As commercial discoveries continue to increase offshore Guyana, more projects will come online, generating an unprecedented inflow of revenue to the new oil producing South American country, which Norway-based Rystad Energy said could top US$130 billion. “If all discoveries were...
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Trinidad in state it is today because it neglected traditional sectors for oil and gas – Bharrat

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Guyana’s Minister of Natural Resources, Vickram Bharrat remains adamant that though there is widespread excitement about the rapid growth of oil and gas development in the country, Guyana will not allow itself to fall prey to the Dutch Disease...
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US$40M pipe coating facility aims to support deepwater operations, gas-to-energy project

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A US$40 million deepwater pipe coating facility was launched during a ceremony at the Guyana Marriott Hotel in Kingston, Georgetown on Wednesday evening, by Pipe Coating Guyana (PCG) Inc. The ceremony marks the operationalisation of a state-of-the-art facility purposed...
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Guyana gas potential could be as lucrative as oil; draft master plan in play – VP

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Guyana’s gas reserve is currently estimated to be 16 trillion cubic feet (Tcf). It surpasses Trinidad and Tobago’s 11 trillion cubic feet (Tcf) which ranks 36th in the world. Given the significance of the gas discovered so far and the government’s...
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ExxonMobil awarded top certification for Methane Emissions Management in Permian Basin

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ExxonMobil Corporation says that approximately 200 million cubic feet per day of natural gas produced from its Permian Basin facilities at Poker Lake, New Mexico have been independently certified and received the top grade for methane emissions management. The certification from...
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Too soon to say if Kawa discovery is commercial – CGX Energy

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CGX’s Senior Technical Advisor, Dr. Mark Zoback, was asked whether the company regards the Kawa well in the Guyana Corentyne block as commercial, and he said, during a Monday virtual presentation, that it is too soon to say. “It’s going...
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ConocoPhillips seeks greenlight for US$1.2 billion North Sea oil development

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ConocoPhillips has asked Norwegian regulators to approve its proposed Eldfisk North Project at the Greater Ekofisk Area in the North Sea. Its affiliate and operator of the Area, ConocoPhillips Skandinavia AS, submitted a plan for development and operation (PDO) for...
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CGX leaves narrow window to meet Demerara Block drilling commitments, with no wells planned for 2022

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Demerara Block operator, CGX Energy Inc., had told the market as early as February 2021 that it identified several prospects, including an Aptian stratigraphic prospect which was being matured to drill status. However, the company will not be conducting...
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Forests: the key to Guyana’s low carbon development strategy

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Net zero by 2050, an ideal popularised most recently by the International Energy Agency’s (IEA) landmark report of the same name, is a vision for the world to collectively trap more carbon dioxide than it emits. This would be...
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Guyana withdraws first US$200 million from oil fund

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Guyana’s Senior Finance Minister Dr. Ashni Singh announced on Tuesday that the government has made its first drawdown from the Natural Resource Fund (NRF) in accordance with the Natural Resource Fund (NRF) Act 2021. Dr. Singh indicated that pursuant to...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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