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Guyana’s O&G opportunities take centre stage as CARIVS opens

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The growing opportunities in Guyana’s oil and gas sector took the spotlight on Tuesday as the inaugural ‘Caribbean Virtual Oil and Gas Summit’ (CARIVS) got underway. The three-day virtual event which also features an exhibition - CARIVS 2020 - was...
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Oil will fuel massive FDI inflows to Guyana this decade – Bobby Gossai Jr.

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Guyanese economist Bobby Gossai Jr. said that with the expected growth in offshore activity there will be an increased need for supply vessels and shore base capacity which means more investment dollars will flow into the new South American...
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Applications to construct O&G facilities in Guyana ramp-up

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As Guyana’s Oil and Gas industry continues to develop, the country can expect to see infrastructure and facilities being put in place to support the growing activities. On Monday, the country’s Environmental Protection Agency (EPA) announced via a notice in...
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Venezuela and Iran defy U.S. sanctions with new tanker delivery

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(Bloomberg) --An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as Honey, turned off its satellite signal and started unloading about 2 million barrels of South Pars condensate...
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Apache spuds 4th Suriname well as search for more oil continues

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Apache Corporation said on Monday the Noble Sam Croft drill ship has commenced operations at the Keskesi East-1 exploration well approximately 14 kilometers (9 miles) southeast of Sapakara West-1, where the company had made its second discovery offshore Suriname....
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Key officials confirmed for Caribbean’s first major virtual petroleum summit

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The transformation in global oil and gas economies indicate that now, more than ever, is the time to bring the industry together to examine and overcome unprecedented challenges while uncovering and exploring available opportunities in the Caribbean markets. This, the...
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BP says oil demand growth era over

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(Bloomberg) -- BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen...
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Guyana has 20-year window of opportunity to maximise benefits from oil resources

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The effectiveness of Guyana’s development plans depends on the notion that the population can adequately benefit from the oil revenues that are beginning to flow, particularly since it has a limited window of opportunity in which to capture maximum...
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Schlumberger accepting applications from Guyanese women for ‘Faculty of the Future’ fellowships

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The Schlumberger Foundation is now accepting applications from Guyanese women for its ‘Faculty of the Future’ Fellowship Awards Program for the period 2021 to 2022. The Faculty for the Future program, launched in 2004, awards fellowships to women from developing...
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Faltering oil demand puts new pressure on OPEC+ production agreements

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(Bloomberg) -- It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, the Organization of Petroleum Exporting Countries and its allies will...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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