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JP Morgan cuts global oil demand outlook for 2022 by 1 million bpd – Reuters

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(Reuters) - JP Morgan on Wednesday lowered its outlook for global oil demand for 2022 by one million barrels per day (bpd) citing higher oil prices, a deteriorating growth outlook and escalating geopolitical tensions. "We now see total oil demand...
News

Guyana to get US$20M barium manufacturing facility, as MoU signed at OTC

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A Memorandum of Understanding (MoU) signed between Texan company, Excalibar Minerals LLC and Guyana’s Ithaca Energy Partners Inc. (IEP) will soon see the establishment of a barium manufacturing facility in the South American country to service the oil and gas sector. The MoU was signed...
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Exxon’s fibre optic cable, gas pipeline to follow similar route

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The upcoming Gas-to-Energy pipeline, which ExxonMobil Guyana will construct starting this year, will have a series of security measures including a fibre optic cable. In a project summary submitted to Guyana’s Environmental Protection Agency (EPA), ExxonMobil said the fibre optic cable...
News

US Chamber, Guyana private sector teaming up for investment promotion

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While participating at the Offshore Technology Conference (OTC) in Houston on Wednesday, May 4, Guyana’s Private Sector Commission (PSC) and the United States Bilateral Chamber of Commerce agreed by way of a Memorandum of Understanding (MoU) to advance trade...
News

Keppel awarded FPSO integration contracts worth around $250 million

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Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around $250 million (Singapore dollars) from repeat customers for the integration of two Floating Production Storage and Offloading...
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Construction of US$50M Marriott AC Hotel to begin in June as oil boom pushes demand for accommodation

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Trinuyana Investments Inc., which represents a consortium of Guyanese and Trinidadian investors, has signed a contract with China Habour Engineering Company (CHEC) Ltd. for the construction of a US$50M Marriott AC Hotel. The construction is slated to begin on...
News

Guyana considers second gas pipeline to monetise growing reserves

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The possibility exists for Guyana to add a second gas pipeline as ExxonMobil and its partners make more and more discoveries offshore the South American country. Guyana’s Minister of Natural Resources, Vickram Bharrat said the government is considering heading this...
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Exxon’s 5th development to create over 1,500 jobs in Guyana

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The Uaru Development Project, for which ExxonMobil is currently seeking environmental authorisation from the Environmental Protection Agency (EPA) in Guyana, could create up to 1,540 jobs, preliminary estimates indicate. The workforce levels are disaggregated across the life cycle of the project. According to...
Exploration

Appraisal drilling underway at Tripletail-2

OilNOW -
Appraisal drilling is underway at the Tripletail-2 well in Stabroek Block, as oil major ExxonMobil continues to assess discoveries and expands operations offshore Guyana. According to the Maritime Administration Department (MARAD), the Stena Carron will be used for the campaign....
News

Leader of South America’s largest oil-producing nation for Guyana visit

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President of the Brazilian Republic, Jair Bolsonaro is set to visit Guyana on Friday, May 6, to strengthen relations between Guyana and Brazil. President Dr. Mohamed Irfaan Ali had said that Guyana should improve its relationship with its Portuguese-speaking neighbour. Brazil...
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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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