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As OPEC looks to curb production Guyana’s output on course to swell in coming years

OilNOW -
By the time oil production in Guyana hits 340,000 barrels per day at the end of 2022, the Organization of the Petroleum Exporting Countries (OPEC) will be reassessing member states’ output after a new accord to cut production by...
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Guyana private sector, U.S government officials discuss investment and job creation opportunities

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A Private Sector Commission (PSC) team led by Chairman, Nicholas Deygoo-Boyer, on Tuesday met with representatives of several U.S Government agencies who were on a visit to Guyana to scope out investment opportunities. During the meeting, private sector partnerships were...
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40% of offshore investments from 2021 will be FPSOs, several orders expected for Guyana

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Norway-based Rystad Energy said in a new report it expects offshore investments to rebound from 2021 with 40% of spending linked to construction of new floating facilities. According to the Rystad Energy analysis, budgets will be cost-wary, and among Asian...
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U.S Development Bank looking to “move to action very quickly” on Guyana investments

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The historic six-agency delegation that was led by the U.S Development Bank on a visit to Guyana on Tuesday is looking to move ahead quickly in making investments, particularly in the area of large infrastructure projects in South America’s...
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Suriname delegation for Guyana visit today to further talks on cooperation on O&G, other opportunities

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Two months after the President of Guyana, Dr. Mohamed Irfaan Ali, and Surinamese President, Chandrikapersad Santokhi, met and agreed to cooperate in areas including oil and gas, a Ministerial delegation from Suriname including the Minister of Foreign Affairs, International...
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Guyana, Qatar to collaborate on oil and gas, portable military hospitals for pandemic fight

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Guyana’s President, Dr Mohamed Irfaan Ali, on Tuesday discussed several key areas of collaboration and cooperation with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, during a telephone conversation. According to a press release from the Office of...
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There must be a balance between safety and economic survival – Guyana President says as airports reopen

OilNOW -
International air travel has been restored in the new oil producing South American country of Guyana after several months of lockdown due to the global pandemic. The move by the new government to reopen the country’s two international airports...
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OPEC cuts 2021 oil demand forecast again as virus cases rise

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(Reuters) - World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, OPEC said on Tuesday, adding to headwinds faced by the group and its allies in balancing the market. Demand will rise by...
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Instead of strict requirements, Guyana could incentivize companies to achieve local content targets – Dr. Marcel

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When oil producing nations pursue the development of a local content policy, one of the challenges that often emerges, is striking the balance between a policy that is not too rigid and one that’s still not watered-down. As Guyana...
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AMCHAM T&T gearing up for first virtual safety and environment conference

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The American Chamber of Commerce Trinidad and Tobago (AMCHAM T&T) will host the 24th Annual Health, Safety, Security and Environment (HSSE) Conference and Exhibition to be held virtually from October 19 – 23, 2020. Over the duration of the conference, a...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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