Cognizant of the massive hydrocarbon resources in Guyana, Suriname and Trinidad & Tobago, Programme Manager at the Caribbean Community’s (CARICOM) Energy Unit, Dr. Devon Gardner, believes that these three sister countries can be the fulcrum upon which the Caribbean...
Work is on schedule for the operationalization of a major offshore oil and gas support shore base in Guyana by mid-2022 and for the operationalization of a containerized cargo, agricultural cargo and specialized cargo terminal by the end of...
Recent exploratory success offshore Suriname, where four discoveries have been made in Block 58 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The data and analytics company noted...
Two weeks after Guyana’s Maritime Administration (MARAD) published a notice stating that drilling operations is set to get underway at the Kawa-1 prospect in the Corentyne Block on July 2, Canadian oil explorer CGX Energy Inc. said on Monday...
Guyana’s most recent sale of 1 million barrels of Liza crude to Indian Oil Corporation Ltd. (IOC) is the country’s “sweetest deal to date” since it is poised to bring in as much as US$76M says Natural Resources Minister,...
The Guyana government is inviting Expressions of Interest (EOI) for joint participation with the administration and ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) in designing or utilizing the outputs from its Natural Gas Liquids (NGL) and Liquified...
Global oil and gas companies are increasingly narrowing their exploration and production activities to fewer regions and plays to make sure they are invested in the most profitable barrels when oil demand starts to decline later this decade, Rystad...
(Reuters) - Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.
Brent crude for September fell 73 cents, or 1%,...
Natural Gas Liquids (NGL) from the US$900 million gas-to-energy project set to come on stream in Guyana by 2024 will be sold to third parties, ExxonMobil said last week, as public scoping meetings for the development that is expected...
Updated July 11, 2021
Guyana's pursuit of a Gas-to-Energy project in four years is anticipated to significantly reduce energy costs and would also be in keeping with the country's goal for a green economy. Experts say the transition to gas...
