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Cost of gas to power project will be ‘very small percentage’ of Stabroek Block ‘cost pool’ – Ramnarine

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The estimated US$600 million to US$800 million cost to run a gas pipeline from the Liza field to shore in Guyana will not make much of a difference to the overall economics of the Stabroek Block. So says former...
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Cash flow bonanza for upstream industry in 2021, Guyana remains advantaged

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The year 2021 has started out on a positive note for oil and gas companies – in fact, this might be the best year yet in terms of generating cash for the industry, Rystad Energy said in a report....
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Massive container ship partially refloated in Suez Canal

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(Aljazeera) Ever Given, the massive container ship blocking Egypt’s Suez Canal for nearly a week, has been partially refloated, the Suez Canal Authority (SCA) said, raising hopes the busy waterway will soon be reopened. Monday’s move comes a week after...
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Denmark-based shipping company expanding services in Guyana with 100% local workforce

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The massive discoveries of oil offshore Guyana continue to propel the economic prospects of the country, making it one of the top investment destinations in the hemisphere. This has seen companies all over the world flocking to the country’s...
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Former TT energy minister explains why Guyana is poised to become regional powerhouse and is ‘at the beginning of its gas story’

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Since oil production began in Trinidad and Tobago (T&T) in 1908 and the commercialization of natural gas, which started later, in the 1950s, the country’s economy has grown, making it one of the most prosperous in the CARICOM region. Today,...
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Suez Canal blockage estimated to cost $6 billion to $10 billion a week in lost trade

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(Reuters) The container ship blocking the Suez Canal could cost global trade $6 billion to $10 billion a week, a study by German insurer Allianz showed on Friday. The study by Europe's biggest insurer also found that each week of...
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Professor wants Guyana to set up special ministry for employment, training

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Preparing a qualified workforce is the essential function of Guyana’s educational system says Dr. Terrence Richard Blackman, an associate professor of mathematics, and a founding member of the Undergraduate Program in Mathematics at Medgar Evers College. In his most recent column...
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Suez Canal disruption pushes crude 4% higher

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(S&P Global Platts) Crude oil futures settled 4% higher March 26, clawing back most of the prior session's losses as the market eyed an extended disruption in the Suez Canal and the likelihood OPEC would hold back supply amid...
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Mexico president wants law that could suspend oil permits, analyst predicts ‘serious consequences’

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(Reuters) - Mexican President Andres Manuel Lopez Obrador sent a bill to Congress on Friday that could enable the government to suspend permits in the oil industry, as part of a drive to bolster state control of energy at...
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Merger of drillers Noble, Pacific points to troubled state of oilfield service sector

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(S&P Global Platts) Noble Corp.'s acquisition of Pacific Drilling announced this week in a merger of drillers points to the troubled state of the oilfield service sector, even with more activity expected this year as the industry recovers from...
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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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