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COP26 and the united voice of Guyana, CARICOM, & Latin American nations on climate change

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The countdown to the United Nations 26th Conference of Parties (COP26) has come to an end. In Glasgow, Scotland, world leaders, diplomats, ambassadors, members from the global civil society and all manner of stakeholders prepare for the second day...
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Leave the oil in the ground? No responsible government should volunteer for its people to stay poor, says Guyana’s President

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Asking new, developing producers like Guyana to leave its oil resources in the ground or to produce some of it at a slow pace is not the answer to achieving a decarbonized world. The key lies in putting a...
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Modern deepwater port, oil sector collaboration on the horizon as Guyana, UAE deepen ties

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As Guyana’s geopolitical importance continues to grow, stronger bilateral relations are being sought with some of the world’s longstanding oil producers. This is particularly the case with the United Arab Emirates (UAE), the third-largest producer in the Organization of...
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Mexico lowers tax rate for state oil firm targeting 2 million bpd output

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(S&P Global Platts) The Mexican government has reduced the tax rate that state oil company Pemex will pay in 2022 to 40% from 54% currently, which could help it achieve its goals of producing a little over 2 million...
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Guyana – one of the world’s last oil and gas frontiers

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This article was first published in the T&T Business Newsday on October 21, 2021. ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...
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Explorers targeting ‘step out wells’ in prolific Guyana basin

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Ten billion barrels of oil equivalent and counting. The Guyana basin has gone from zero to prolific in just six years and from all indications, the volumes being discovered have not yet peaked. In fact, experts see much more...
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Ghana team to review Guyana’s work on local content, gas-to-energy, NRF – Dr. Ali

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As a follow-up to several bilateral engagements, a technical high-level team from the oil-producing nation of Ghana will soon visit Guyana to review amendments to the nation’s Natural Resources Fund (NRF) law as well as its draft Local Content...
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Exxon closes third quarter with US$6.8 billion, advantaged assets playing major role

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Exxon Mobil Corporation announced yesterday that it achieved an estimated US$6.8 billion, or US$1.57 per share in earnings at the close of the 2021 third quarter. This represents a US$7.4 billion increase over 2020 thanks to improved demand and...
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Exxon’s 3rd well at Canje Block fails to deliver commercial crude

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ExxonMobil has failed to encounter commercial crude at its third well on the Canje Block offshore Guyana – Sapote-1, drilled by the Stena DrillMax. The well was drilled in 2,549 meters (8,362 feet) of water and safely reached a total...
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Guyana tying growth of oil sector with domestic, global low-carbon transitions – President Ali

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Guyana’s President, Dr. Mohamed Irfaan Ali, has recognized once more that Guyana will need to align the development of its oil and gas sector with global trends towards decarbonization. To achieve this, the President has outlined strategic objectives that...
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Guyana gas resources set to power new state-of-the-art AI data centre

In a bold step toward shaping the future of technology in South America and the Caribbean, the Government of...

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