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‘Gas is free, pipeline to be paid for from cost oil’ – VP confirms

As negotiations continue between the Guyana Government and ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL) regarding the contractual terms to govern the Gas-to-Energy project, both parties have so far agreed that there will be no cost for...

Guyana to seek int’l project manager for Gas-to-Energy Project

Guyana’s Vice President Dr. Bharrat Jagdeo recently disclosed that the government intends to seek an international project manager for the construction of the power plant and natural gas liquids processing facility, the components of the Gas-to-Energy project it is...

CGX walks away from 1.1 million acres offshore Guyana, hedging all bets on Corentyne

Given their inability to honour their work obligations, Frontera Energy Corporation and CGX Energy Inc. have reached an agreement with the Guyana Government to relinquish the Demerara and Berbice Blocks, amounting to a combined 1.1 million acres. The attention of...

Liza Unity achieves pilot flare, new gas compression system for Liza Destiny – Exxon

ExxonMobil Guyana announced Thursday that its second production vessel, the Liza Unity, achieved pilot flare after its gas compression and injection systems were safely commissioned in “half normal industry time”. ExxonMobil Guyana Production Manager, Mike Ryan dubbed the achievement “a...

Gov’t to fund Gas-to-Energy power plant; financing for NGL facility still to be determined

The government of Guyana is drawing closer to the finalisation of arrangements for the landmark Gas-to-Energy project, particularly the onshore facilities it is responsible for building. Vice President Dr. Bharrat Jagdeo shared during a press conference on Wednesday that the...

Guyana delivered largest oil and gas discovery in 20 years, more to come – Hess

The nearly 11 billion barrels of oil equivalent found so far at the Stabroek Block offshore Guyana may just be a scratch on the surface of what is emerging as one of South America’s most prolific oil and gas...

“The country is growing very fast” – investors flocking to its shores – UK Envoy

Guyana’s upward trajectory brought on by its massive oil and gas reserves has piqued United Kingdom investor interest. According to the British High Commissioner to Guyana, Jane Miller, many companies are eager to establish a stronghold in the South...

Ali says T&T must be part of the solution to declining natural gas reserves in North America

Against the backdrop of a decline in proven natural gas reserves in North America, Guyana's President, Dr. Mohamed Irfaan Ali is advocating for Trinidad and Tobago’s gas reserves to be part of the solution. The Head of State made...

T&T looking to unlock over 23tcf of gas, 455M barrels of oil with aggressive 2022 bid rounds

According to the Prime Minister of Trinidad and Tobago, Dr. Keith Rowley, the latest gas reserve audit for the country established that at year-end 2020, technically recoverable resources amounted to 23.2 trillion cubic feet (tcf) and prospective resources at...

IMF backs Guyana’s Gas-to-Energy Project

The International Monetary Fund (IMF) has thrown its support behind Guyana’s plans to bring down electricity costs, which include the implementation of the transformative gas-to-energy project. The initiative will see the construction and operation of a pipeline from the Liza...

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SBM Offshore subsidiary seeks local suppliers for steel, timber and safety equipment

Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, is seeking information from Guyanese suppliers for steel...