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GEC-X attracting major support among Guyanese business groups, other partners

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In a show of overwhelming support, the Georgetown Chamber of Commerce and Industry (GCCI), on Thursday signed several Memoranda of Understanding (MoU) with the Guyana Oil and Gas Energy Chamber (GOGEC); Women’s Chamber of Commerce and Industry Guyana (WCCIG);...
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Exxon looking to deliver more oil at Cataback-1, Longtail-2

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ExxonMobil is forging ahead with its multi-well campaign at the prolific Stabroek Block with drilling operations at the Longtail-2 and Cataback-1 prospects. The Stena Carron will be engaged in exploration drilling activities at Longtail-2 located approximately 106.9 nautical miles (198...
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Exxon moving almost all supply work from T&T to Guyana by 2022 – Routledge

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As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks. In a recent interview...
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63 women entrepreneurs to benefit from training through ExxonMobil Foundation, Centre for Local Business Development

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Sixty-three Guyanese women entrepreneurs will soon commence training through the ‘Accelerate-Her’ and the ‘Cherie Blair Foundation for Women – Road to Growth’ programmes, which are geared towards building the capacity and marketability of women-led businesses in Guyana. The Cherie Blair...
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Oil holds above $75, remains on track for weekly gains

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(Reuters) - Brent oil futures dipped on Friday but held above $75 a barrel, remaining on track for weekly gains of more than 3% thanks to the slow recovery in output after two hurricanes in the U.S. Gulf of...
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SBM Offshore wraps up largest project financing in company’s history

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SBM Offshore announce Thursday that it has completed the project financing of FPSO Sepetiba for a total of US$1.6 billion, which is the largest project financing in the Company’s history. The project financing was secured by a consortium of 13...
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Guyana government says it will reveal plan for spending oil money

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Guyana’s Vice President, Dr. Bharrat Jagdeo says a comprehensive programme will be made available to the public showing how oil revenues will be spent, with focus on priority areas such as infrastructure and social upliftment, inclusive of investments in...
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DP World expands investment in Suriname

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In line with the company’s strategic objectives in the oil and gas sector, DP World said it has made the commitment to develop a comprehensive Offshore Support Base in Suriname to provide the required highly specialized, integrated end to...
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Crude oil prices continue to climb

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(S&P Global Platts) Crude oil futures continued their uptrend in midmorning Asia trade on September 16 after sharp overnight gains on a bullish supply-demand outlook. At 11 am Singapore time (0300 GMT), the ICE November Brent futures contract was up...
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Guyana seeking consultants to assess studies for Payara project

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The Guyana Government through its Ministry of Natural Resources (MNR) published on Tuesday, an invitation for international consulting services to review and assess studies for the Payara project set to come on stream by 2024. Payara is the third development...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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