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EPA set to hold public hearing on Canje Block 12-well campaign

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The Environmental Protection Agency (EPA) in Guyana is scheduled to hold a public hearing next month on ExxonMobil’s proposed 12-well exploration and appraisal drilling programme which is targeting start-up in 2022. The EPA said in a notice on Friday the...
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Brent oil approaches $80 a barrel – highest point since 2018

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(Reuters) - Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing...
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Dubai non-oil foreign trade up 31% in first half of 2021

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(Reuters) - Dubai non-oil foreign trade grew 31% year-on-year in the first half of 2021 to 722.3 billion dirhams ($196.66 bln), the emirate's media office said on Sunday. Exports grew 45% to 109.8 billion dirhams, while imports rose 29.3% to...
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‘Most transformational project in Guyana’s history’ can deliver huge benefits, says energy expert

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The gas-to-energy project proposed by the Government of Guyana has the potential to not only create new industries and transform the economy but also represents the most environmentally sustainable option currently available to the country.  This is according to...
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Guyana can become a regional source for expertise in oil and gas – Exxon Production Manager

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Guyana, virtually unknown in the global oil and gas industry just 6 years ago, is now a much talked about up-and-coming oil producer who by the end of the decade will be among the top players in the Latin...
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China set to splurge over $120 billion on services and drill 118,000 wells through 2025

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China is looking to pump up oil and gas production in the years ahead to meet climbing domestic demand and reduce the record-high share of imports in its oil consumption. A Rystad Energy report projects a surge in spending...
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Exxon Senior VP says partnering with Guyana is a privilege

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Senior Vice President of Exploration and New Ventures at ExxonMobil, Mike Cousins, says partnering with the people of the new oil producing South American country of Guyana has been a privilege for the company which has found over 9...
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Guyana’s oil development will not undermine climate change agenda – President Ali

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President of Guyana Dr. Mohamed Irfaan Ali categorically asserted on Friday that the country's climate agenda, as well as its activism, will not change or be eclipsed by its fervent desire to develop the more than nine billion barrels...
News

Builder of Guyana FPSOs completes US$635 million loan for giant Brazil floater

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Dutch floater specialist SBM Offshore announced Thursday that it has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The facility was secured by the special purpose company which will own FPSO Almirante Tamandaré....
Exploration

CGX says Kawa-1 results so far consistent with expectations

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CGX Energy Inc. said on Friday that well results so far from Kawa-1 are consistent with pre-drill expectations, signaling potential positive results from its first campaign offshore Guyana in over 9 years. “The well results thus far are consistent with...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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