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Investors pouring in ‘almost every single day’ into South America’s newest hot spot – oil minister

OilNOW -
Investor interest in the South American country of Guyana, now an emerging regional oil producing powerhouse, is at an all-time high with the country’s oil minister saying meetings with government officials are being sought on an almost daily basis. “Almost...
News

Shipping corporation in Guyana urged to use waterside assets to cash in big from O&G opportunities

OilNOW -
The Guyana National Shipping Corporation (GNSC) is being urged by authorities to position its waterside commercial facilities to benefit from the growing business opportunities in the new oil producing nation. Speaking at the recent swearing in of the GNSC Board...
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Westwood expects 2020 to close off with flurry of contract awards, Exxon’s Payara to push uptick

OilNOW -
Sanctioning of the Payara Development offshore Guyana has been driving several contract awards and confirmations with companies in the oil and gas industry ranging from vessel construction to subsea installation. The US$9 billion project was approved by Guyanese authorities in...
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Award of Kaieteur, Canje blocks free from corruption- Vice President

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo, said on Friday the award of the Kaieteur and Canje blocks offshore the South American country was in keeping with the nation’s laws and that no evidence of corruption has been found to...
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ExxonMobil to conduct oil spill response maintenance activity for Guyana operations

OilNOW -
ExxonMobil Guyana announced Thursday via its facebook page that it will be conducting planned maintenance on equipment used for oil spill response operations over the duration of five days, beginning November 5. “This maintenance activity will involve deploying some offshore...
News

Curb in oil production pushes Guyana’s 4th crude lift back by a month – Bharrat

OilNOW -
The curb in oil production offshore Guyana to reduce the volume of gas being flared has resulted in a push back in the timeline for the country’s 4th million-barrel crude lift. ExxonMobil, operator at the Stabroek Block, had taken a...
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Shell farms into South Africa deepwater acreage

OilNOW -
(S&P Global Platts) Shell has farmed in to South African deepwater exploration blocks days after Total announced a second gas and condensate discovery nearby, as interest grows in a potential new gas condensate hub off the country's south coast,...
News

Bureaucracy, red tape must not obstruct O&G development in Guyana, Sea Defence Board hears

OilNOW -
One of the state boards responsible for the approval of shorebase and waterfront developments, and other such facilities, has been warned that bureaucracy and red tape must not impede Guyana’s development, as the country is on track to experience...
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Use O&G revenue to unlock infrastructure, human capital – urges private sector leader

OilNOW -
Guyana’s Private Sector Commission (PSC) Chairman, Nicholas Deygoo-Boyer says the billions of dollars expected from oil production should be used to help develop infrastructure and unlock the power of human capital in the South American country. In a recent virtual...
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CARICOM examining role of Guyana’s hydrocarbon resources in regional energy security

OilNOW -
As the Guyana government presses on with plans for a natural gas power generation plant to provide cheaper and more reliable energy to its citizens, the Caribbean Community (CARICOM) Secretariat is also looking at how the country’s oil and...
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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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