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OPEC+ meeting today to decide on oil supply boost

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(Reuters) - OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies...
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Guyana’s future role in CARICOM becoming increasingly important

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With revenues from its booming oil and gas sector and its projected long-term growth trajectory, Guyana is expected to play a lead role in the Caribbean region’s development in the coming years. So says President of the Caribbean Development...
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From Liza to Tupi, Indian refiners embrace newer crudes

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An S&P Global Platts Analysis Indian refiners have been snapping up maiden import deals for newer crudes such as Guyana's Liza and Brazil's Tupi in a sign that one of Asia's fastest-growing oil consumers is increasingly looking to diversify its...
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Venezuela: The rise and fall of a petrostate

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The Council on Foreign Relations Written by Amelia Cheatham and Rocio Cara Labrado Venezuela’s descent into economic and political chaos in recent years is a cautionary tale of the dangerous influence that resource wealth can have on developing countries. Venezuela, home to...
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Major training, capacity building programmes launched for Guyanese women

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The Centre for Local Business Development on July 15, 2021, launched its ‘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...
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Guyana and Brazil oil wells have high flow rates, best recovery – WoodMac

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Future deepwater oil fields will enjoy twice the average estimated ultimate recovery (EUR) of fields already onstream and Guyana and Brazil are at the top of the list, according to consultancy group, Wood Mackenzie. In a new report, WoodMac said...
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Retraction of 2020 guidelines will not affect EIAs – EPA assures

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As public scoping meetings continue in Guyana ahead of the Environmental Impact Assessment (EIA) for the US$900 million gas-to-energy project, some concerns have been raised about the move by the Environmental Protection Agency (EPA) to withdraw its 2020 EIA...
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Exxon to participate in carbon capture, storage project in Scotland

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ExxonMobil has endorsed an MoU to join the recently announced Acorn carbon capture and storage project in Scotland. The project has the potential to provide more than half of the 10 million tons per year of CO2 storage the UK government...
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Dutch company set to integrate new technology into offshore systems

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SBM Offshore has reached a new milestone in its digital transformation program: ABS has issued New Technology Qualification (NTQ) to SBM Offshore’s artificial intelligence powered Intelligent Agent Mooring Line Integrity Tool, allowing the technology to be integrated into offshore...
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Use gas now instead of sitting around waiting on renewable projects, urges key energy official

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Until Guyana can bring on stream renewable energy projects like solar, hydro and wind, a key official in the region says it would be wise for the country to utilize its natural gas resources to support current needs. During his...
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Guyana's Oil LedgerKemol King -

Guyana gets another US$191 million from oil sales in June

Guyana earned just over US$191 million (GY$40 billion) from the sale of three oil cargoes (each about a million...

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