Multiple projects, some underway and others poised to be rolled out, represent around US$30 billion in foreign direct investment for Guyana and are set to plug billions of dollars into the economy of this new oil producing nation.
Speaking at...
Since 2015, ExxonMobil has found an average of 1.7 billion barrels of oil per year offshore Guyana and recently increased its estimate of the discovered resources at the prolific Stabroek Block to 10 billion barrels of oil equivalent. A...
With discovered oil resources of over ten billion barrels, low breakeven costs of $25-$35, and a light sweet crude, low in sulfur that emits fewer greenhouse gasses, Managing Director of Americas Market Intelligence John Price, says Guyana is the...
Head of the Environmental Protection Agency (EPA), Kemraj Parsram recently disclosed that his team is working on securing technology that would boost the capacity of the agency to test produced water.
In the meantime, Parsram said ExxonMobil’s affiliate, Esso Exploration...
The government of Trinidad and Tobago recently announced the opening of its deep-water competitive bid round for the fiscal year 2022.
The Ministry of Energy and Energy Industries (MEEI) which is responsible for the overall management of the oil, gas...
President of Guyana Dr. Mohamed Irfaan Ali gave a masterclass to academics at the Harvard University Business School on Monday, during which he outlined how the country’s growing oil and gas sector will push Guyana’s economy forward in a...
“Strategic discussions” on the regional energy corridor bridging Guyana, Suriname, French Guiana and northern Brazil are set to happen in January 2022, President Ali announced last Friday.
In his keynote address to the 25th annual award ceremony hosted by the...
ExxonMobil said in an update on Wednesday that it plans to prioritize its investment in Guyana as well as Brazil, and the Permian Basin in the United States. The company’s corporate plans through 2027 will support its strategy of...
The Government of Guyana through the Ministry of Natural Resources has received bids from several international firms to conduct the Strategic Environmental and Social Assessment (SESA) baseline studies, the Department of Public Information (DPI) said on Wednesday.
According to last...
Since the emergence of oil and gas activities in Guyana, over GY$400 billion (US$2 billion) have been plugged into the economy and more than GY106 billion (US$534 million) have been received in oil revenue from exports and royalties. Additionally,...
