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Pandemic woes, oil price crunch are no game-changer for South America’s hottest new producer

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Even as a robust global vaccination programme is rolled out for COVID-19, new variants such as delta are threatening another round of lockdowns. This could put a dent in the gradual recovery seen in oil demand in recent months....
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Multiple projects set to generate 500 megawatts of power by 2025

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Recognising energy as a critical component for the advancement of Guyana’s development, President Dr. Irfaan Ali says his administration plans to implement several projects that will deliver at least 500 megawatts (MW) of power by 2025. The largest of the...
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Exxon forging ahead with offshore fibre optic cable installation activities

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ExxonMobil is forging ahead with its fibre optic cable installation activities at the Stabroek Block offshore Guyana this month, the Maritime Administration Department (MARAD) said in a notice. “This exercise is scheduled to conclude on October 10, 2021, and will...
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Builder of Guyana FPSOs secures 22.5 year contract for Brazil floater

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SBM Offshore said Tuesday it has signed a Letter of Intent with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease and operate contract for FPSO Alexandre de Gusmão. The unit will be deployed at the Mero field in the...
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Observers weigh in on the performance of the Ali administration in oil and gas

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This week marks one year since a new government was sworn into office in Guyana following a 5-month ordeal that threatened the South American country’s fragile democracy. The Guyana Elections Commission (GECOM) declared the opposition People’s Progressive Party Civic...
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Wealth fund legislation for Guyana’s Parliament before year end – Ali

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The new legislative framework for Guyana’s Natural Resources Fund (NRF) will be laid in the National Assembly before the end of the year, President Irfaan Ali said on Monday. After taking up office in August last year, the Ali administration...
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Guyana aiming to use oil wealth for the benefit of entire CARICOM region – President Ali

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Revenue from Guyana’s vast offshore hydrocarbon resources will be used to improve the prospects of the entire CARICOM region the country’s President, Dr. Irfaan Ali, affirmed on Monday in an address to the nation to mark his first year...
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Ali vows nation will not become dependent on oil but will use it to accelerate growth across all sectors

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Even though Guyana is poised to receive billions of dollars in revenue from its massive offshore oil fields, the country’s economy will not be allowed to become dependent on this resource. Making this declaration on Monday was President Irfaan...
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Schlumberger seeking EOIs to extend integrated lab facility in Guyana

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Oil field services company Schlumberger plans to upgrade its Fluids Laboratory in Guyana to improve overall efficiency and service delivery. This is according to an advertisement placed in the local press requesting the submission of Expressions of Interest (EoIs). The...
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Oil dips over delta variant concerns

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(S&P Global Platts) Crude oil futures fell in mid-morning trade in Asia on August 2 amid concerns over the resurgent spread of COVID-19, after the weekend brought a slew of reports of rising cases in China and parts of...
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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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