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Guyana oil will find its way to market one way or another – IHS Markit Analysts

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Despite the challenges of the COVID-19 pandemic and growing pains related to oil production in a new area, analysts say Guyana offshore activities will remain robust and continue to grow. Speaking on a podcast focusing on upstream developments offshore Guyana...
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Exxon to provide over GY$400 million to support government audits for Payara project

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According to the Payara Petroleum Production Licence, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is expected to provide Guyana with US$400,000 (GY$82,800,000) annually for five consecutive years to support independent audits to be carried out by the...
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Crude oil futures stable to higher

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(S&P Global Platts) Crude oil futures were stable to higher during mid-morning trade in Asia trade Sept. 23 amid supply constraints and a draw in US crude stocks. At 10:10 am Singapore time (0210 GMT), the ICE November Brent futures...
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Some Guyana wells at ‘bleeding edge of technology’ – Rystad Energy

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Drilling a well thousands of meters below the surface guided by data analysis is never a guarantee that large volumes of hydrocarbons will be found, which has so far been the case with prospects drilled outside of Guyana’s prolific...
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Rome court says no to extradition of Venezuela ex-oil czar

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(AP) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s record in violating human rights, his Italian lawyer said Monday. Rafael Ramirez, the longtime head of...
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Guyana President, OAS Secretary General discuss Venezuela border controversy

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President of Guyana Dr. Mohamed Irfaan Ali and several members of his government met with the Secretary-General of the Organization of American States (OAS), Mr. Luis Almagro on Tuesday. The Office of the President in Guyana said a number of...
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Oil producers Guyana and Ghana agree to enhance collaboration

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Guyana’s President, Dr. Mohamed Irfaan Ali and his Ghanaian counterpart, Nana Addo Dankwa Akufo-Addo held discussions on Tuesday and agreed to work closer together. According to a press release from the Office of the President, high on the agenda is...
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Driller with most rigs offshore Guyana seeking services from local contractors

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Noble Drilling is seeking multiple services in the new oil producing country of Guyana where it is operating four of the six rigs on contract with oil major ExxonMobil. The company has put out Expressions of Interest (EOI) for Ground...
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Guyana launches new EITI multi-stakeholder group

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Guyana's Ministry of Natural Resources appointed a new 12-member multi-stakeholder group (MSG) on Monday to oversee the implementation of the country's obligations to the Extractive Industries Transparency Initiative (EITI). It is the second such appointment since the country joined the...
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India’s crude oil imports hit four-month high

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(Reuters) - India's crude oil imports rose to a four-month high in August, recovering from the near one-year low in July, with refiners buying incremental barrels mainly from Latin America and the United States, tanker data from trade sources...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG),...

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