News

(S&P Global Platts) A partial easing of US sanctions on Venezuela on humanitarian grounds could pump Caribbean-loading cargoes into the Aframax and Suezmax markets, reviving the traditional local and long-haul Caribbean-loading routes. Uncertainty on the Biden administration's approach to...

ExxonMobil and co-venturers on the Stabroek Block, Hess and CNOOC, have affirmed that their commitment to Guyana extends beyond the oil and gas sector. The companies are investing billions of Guyana dollars in capacity-building and the economic development of...

The Normand Installer Multi-Purpose Offshore Vessel has completed the installation of suction piles and mooring lines at the Stabroek Block offshore Guyana, in preparation for the arrival and hook-up of the massive 220,000 bpd Liza Unity FPSO, which is...

As the Council for Technical and Vocational Education and Training (C-TVET) continues the pursuit of improved skills training and development, ExxonMobil Guyana has been playing a leading role in supporting its goals which head of the proramme, Clinton Williams,...

CGX Resources Inc. (CRI), operator of the Corentyne and Demerara blocks offshore Guyana, said on Tuesday it continues to pursue its exploration program in the South American country and will look to spud the Kawa-1 exploration well on the...

Government may reopen bids for marketing company The Guyana government lifted its first oil cargo for 2021 last week, bringing the total number of shipments made by the country to five, which represents its share of crude from the...

With the release of the draft local content policy expected this week, Guyanese would be able to peruse the document and share their views for the final policy during a consultation process that would be led by President, Dr....

Guyana's Vice President, Dr. Bharrat Jagdeo reiterated yesterday that the government has every intention of ensuring the oil sector is not only led by locals but properly monitored as he noted that capacity building is underway to achieve same....

Once the proposed gas-to-shore project comes on stream, Guyana's electricity costs could be reduced from 30 US cents to six, or even three US cents per kilowatt hour (kWh). This revelation was made on Tuesday by Guyana’s Vice President,...

ExxonMobil, Hess and CNOOC Limited, co-venturers in offshore oil development in the Stabroek Block, on Tuesday announced the formation of the Greater Guyana Initiative, a 10-year commitment of more than GY$20 billion (US$100 million) to significantly expand capacity building...