Tuesday, December 6, 2022

Regional

Ramps at risk of losing US$25 million Exxon contract, laying off 100 workers without Local Content Certificate – court documents

If Ramps Logistics Guyana Inc. is not granted a Local Content Certificate of Registration, it will likely lose significant contracts with major industry players like ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to court filings which form part of...

Guyana engaging Facebook for removal of false maps, information about its border with Venezuela

Representatives of the government of Guyana on October 19 met with senior personnel from popular social media platform, Facebook, the state information arm said. The parties, in a virtual meeting, discussed the removal of illegal maps and false narratives...

Equinor starts up Peregrino Phase 2 project offshore Brazil

Equinor said first oil was produced at the Peregrino Phase 2 project on October 10 at 20:00 local time, using the Peregrino C platform. The project consists of the new platform with drilling facilities and living quarters tied into the...

Unappealing fiscal terms, mature gas fields placing Trinidad at risk

Arthur Deakin, Analyst at Americas Market Intelligence (AMI) believes that Trinidad and Tobago’s oil and gas prospects remain dire and will continue to spiral without new oil and gas discoveries. In an OilNOW column, Deakin noted that T&T has been...

Trinidad concludes nomination period for shallow water bid round

Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) concluded the nomination period for its shallow water competitive bid round, Tuesday. Nominations ran for six weeks from August 30, 2022. Interested parties were allowed to nominate for any number of...

Touchstone starts up production at first onshore gas project in T&T in over 20 years

Touchstone Exploration Inc. announced on Tuesday that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located...

‘TT companies will move to Suriname if Ramps doesn’t get local content certificate’ – Trini business strategist

If Guyana fails to grant Ramps Logistics a Local Content Certificate to operate within its oil sector, Trinidad and Tobago companies will take their business elsewhere, to neighbouring Suriname. This was communicated by a T&T business strategist – Jaishima Leladharsingh –...

US State Department says Guyana/Venezuela land boundary should be respected

The United States Department of State says the 1899 Arbitral Award, which settled the land boundary between Guyana and Venezuela, should be respected. This was stated in a Tuesday tweet by Assistant Secretary for Western Hemisphere Affairs, Brian Nichols. He said...

Suriname to open auction for Demerara acreage in Q4

Suriname’s state-oil entity Staatsolie plans to open an auction for nation’s Demerara acreage, during the fourth quarter of 2022. Staatsolie representatives revealed this at the Guyana Basins Summit (GBS) 2022 currently being held at the Pegasus Suites in Guyana. The...

123 years after settlement of boundary, Venezuela’s land grab aspirations now being driven by oil

Earlier this week, Guyana commemorated the 123rd anniversary of the 1899 Arbitral Award, which settled a land boundary dispute which had existed between British Guiana (now Guyana) and Venezuela. A week prior, Venezuela released a statement alleging that Guyana’s pursuit...

Latest News

Guyana’s oil fund almost at US$1.4 billion at November’s end

Guyana’s Natural Resource Fund (NRF), held at the New York Federal Reserve Bank, soared to US$1,391,406,433 at the end...