Thursday, March 23, 2023

News

Trump doesn’t care about Latin America, Lula tells Correa

Former Brazilian President Luiz Inacio Lula Da Silva says US President, Donald Trump “doesn't care about Latin America in the least” and added that “Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama...

Latin American nations compete for capital in surge of oil auctions

For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies, Reuters states in a April 2 report. They aimed to protect...

Bahrain’s biggest oil find since 1932 dwarfs reserves

(Bloomberg) Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. The shale oil and natural gas discovered in a deposit off...

Saipem contracts Guyanese company for shorebase services

Saipem America Incorporated has indicated that it will be contracting a Guyanese company to provide shore-base services for its operations in the Liza Field in the Stabroek Block. The company - a tier one contractor of ExxonMobil Guyana – has been...

Guyana files litigation action against Venezuela with ICJ

The Guyanese government on Thursday formally filed its Application with the International Court of Justice in The Hague, over its border controversy with neighbouring Venezuela. The application stems from a decision in January last by United Nations Secretary General, Antonio...

GCCI embraces two-pronged strategy to bolster private sector O&G involvement

The discovery of oil in Guyana and imminent first oil in 2020 has pushed the Georgetown Chambers of Commerce and Industry (GCCI) to embrace a two-pronged approach to promoting the country’s private sector involvement in and around the oil...

Guyana to cycle its signing bonus through national coffers

Guyanese Minister of State, Joseph Harmon has assured stakeholders that funds to be used from the US$18M signing bonus will first be placed in the country’s Consolidated Fund before being disbursed. The US$18 signing bonus paid by US Oil Major...

No guarantee unprecedented rate of oil discoveries will continue – ExxonMobil Country Manager

Despite the discovery of more than 3.2 billion barrels of oil off the Guyana coast, the South American country’s offshore basin still remains risky with no guarantee that the unprecedented rate of discoveries – seven to date – will...

Business Ministry to take lead on development of local content policy framework

Guyana’s Ministry of Business has been tasked with spearheading the development of the country’s local content policy framework, now slated to be finalized and completed by the end of April. This was disclosed by the South American country’s Minister of...

Guyanese authorities meet to finalize national oil-spill response plan

Guyanese authorities today began—through a one day stakeholder workshop—a review of its National Draft Oil Spill Contingency Plan, for finalizing and implementation within the next 24 months, ahead of first-oil in March 2020. Spearheaded by the South American country’s Civil...

Latest News

Stabroek Block avg. daily production jumps 5% in February

The Stabroek Block’s Liza projects continue to demonstrate consistently high oil production levels. In February, the average daily production...