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Guyana is leading contributor to Noble’s 2023 revenue surge

Noble Corporation plc announced US$2.6 billion in revenue in its 2023 Annual Report, marking a year-on-year increase of 83%. Notably, Guyana emerged as the leading contributor, generating US$703 million (27%) million. The bulk of Noble’s revenues also came from Guyana...

Guyana crude makes trade debut on Platts

For the first time, a cargo of Guyana’s crude traded through the Platts Market-on-Close (MOC) assessment process, S&P Global Commodity Insights said in a Feb. 16. piece by analyst Patrick Harrington.  This comes “exactly three years” after Platts started assessing...

Exxon could start up standalone gas project offshore Guyana by 2029

President of ExxonMobil Guyana, Alistair Routledge, told Reuters that gas production in the Stabroek block may be possible in 2029 or 2030.  “By early 2025, we will have done the exploration and appraisal work to understand how comfortable we are...

SBM Offshore’s footprint in Guyana growing larger; 51 new vendors added in 2023

Fifty-one Guyanese companies were added to SBM Offshore Guyana’s vendor database in 2023, according to Garri Fraser, the company’s Local Content Officer.  Fraser gave insight on SBM Offshore’s local content strides, during the company’s 'Let’s Talk Local Content’ Seminar, held...

Guyana may revise model offshore contracts for second licensing round – Jagdeo

The Guyana government may revise its model petroleum agreements for offshore licenses ahead of its second licensing round.  Vice President Bharrat Jagdeo told a gathering at the Guyana Energy Conference and Supply Chain Expo on Tuesday, “We’ve heard that the...

How many of Guyana’s barrels are being used for CARICOM’s energy security? – TT Minister

Trinidad and Tobago seems to want Guyana to use some of its own barrels to help achieve energy security in the Caribbean Community (CARICOM). Its Minister of Energy and Energy Industries, Stuart Young, made this point known during his...

Energy conference set to wrap up with major local content seminar by SBM Offshore Guyana

SBM Offshore Guyana is set to host a ‘Let’s Talk Local Content’ seminar today at the Guyana Energy Conference and Supply Chain Expo, in Georgetown. The seminar, scheduled for 13:00hrs in the main ballroom of the Guyana Marriott Hotel, presents...

Guyana sets the “gold standard” for stable policy to attract high-quality investments – S&P VP 

Guyana has been praised for having a stable environment for investment, but S&P Global Vice President, Daniel Yergin, took it a step further; branding it “the gold standard.”  Appearing virtually at Guyana Energy Conference and Supply Chain Expo on Feb....

Exxon says first pipeline is start of potentially bigger gas development in Guyana

Guyana’s focus is beginning to shift to its natural gas potential. While there has been talk from government that ExxonMobil may be slow to go down this development path, the Corporation’s Upstream President, Liam Mallon stated clearly that its...

Gov’t to meet H1 2025 target for power from Gas-to-Energy project – Brassington 

By the first half of 2025, Guyana will be able to enjoy reliable power from its Gas-to-Energy project. That update was provided by Government Consultant, Winston Brassington on day two of the Guyana Energy Conference and Supply Chain Expo.  In...

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Berbice gas development pipeline could cost US$2B, ‘not a small investment’ – says ExxonMobil Guyana President

The pipeline to support Guyana’s gas development in East Berbice-Corentyne (Region Six) could cost about US$2 billion or more....