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Liza Destiny FPSO begins reinjecting gas

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Reinjection of gas has commenced at the Liza Phase 1 development after a period of flaring that lasted longer than anticipated due to challenges encountered with a gas compressor for the Liza Destiny FPSO. Head of the Environmental Protection Agency...
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Chinese oil demand near 90 percent of prior year levels – IHS Markit

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China’s oil demand has continued a sharp rising trend since passing the nadir in February. After dropping in February by over 40 percent compared with a year earlier, the country’s oil demand for April reached 89% of the April...
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EITI wants Guyana to disclose crude sales agreements

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The Extractive Industries Transparency Initiative (EITI) is encouraging Guyana to disclose sales agreements related to the country’s share of oil production. In an article published on May 21 focusing on the next steps for Guyana as it relates to contract transparency,...
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First Iranian oil tanker arrives in Venezuela

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Iranian-flagged oil tanker, Fortune, has reached Venezuelan jurisdictional waters carrying approximately 45.5 million gallons of gasoline and related products. The vessel is part of a fleet of five oil tankers shipping petrol to the South American country in defiance...
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Trinidad and Tobago says it will not facilitate passage of Iranian oil tankers en route to Venezuela

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Trinidad and Tobago is adamant that it will not facilitate the passage of a fleet of Iranian oil tankers heading to Venezuela loaded with petrol. Minister of National Security, Stuart Young, is quoted in Newsday as saying that the twin...
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‘Pariah states exchanging things they need for things they have’ – U.S. special rep to Venezuela

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Tensions continue to mount as a five-tanker Iranian fleet sails to Venezuela loaded with an estimated 60 million gallons of gasoline in defiance of US sanctions. Analysts say the oil was bought with Venezuelan gold, an allegation which Iran denies. The...
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Growing ‘Armada of vessels’ offshore Guyana will require large shorebase support

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The growing activity offshore the South American country of Guyana is likely to hit peak in the latter part of this decade and will require large shorebase support services which is something the new oil producing nation will have...
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Hong Kong tensions unnerve world stock markets, oil tumbles

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(Reuters) - Oil prices tumbled, and global equity markets wavered on Friday as China’s move to impose a new security law on Hong Kong further strained U.S.-Sino relations and clouded economic recovery prospects. News that China also dropped its annual...
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Canadian dollar slides as U.S.-China tensions weigh on oil prices

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(Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday as oil prices fell and domestic data showed a record decline in retail sales, with the loonie giving back some of this week’s rally. At 9:09 a.m. (1309...
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Oil climbs as Guyana lifts its second cargo, narrows search for marketing firm

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Oil futures rose this week pushing both Brent and WTI contracts to around 2 ½ month peaks as new oil producer Guyana lifted its second 1 million barrels of crude from the ExxonMobil-operated Stabroek Block where production began last...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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