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Guyana has raked in over US$1.1 billion in oil revenue so far this year

OilNOW -
As of November 30, Guyana received US$1.17 billion from oil sales and royalties so far this year, according to reports from the Central Bank. The sale of 10 lifts in the period, representing Guyana’s share of profit oil, returned US$1.015...
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Guyana Appeals Court rejects another challenge to Hess, CNOOC Liza permit

OilNOW -
The Guyana Court of Appeal has ruled that Hess and CNOOC, the non-operating partners in the Stabroek Block, do not need separate environmental permits for the Liza Phase One project. The court on Wednesday found that the licence obtained by...
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Guyana, Suriname bid rounds to fuel new competitive oil market – S&P Global

OilNOW -
S&P Global believes bid rounds in Guyana and Suriname will attract further investments that are needed to drive the development of a competitive global oil environment. Given the trail of economic damage left by the COVID-19 pandemic and the Russia-Ukraine...
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Early investments by Exxon pushing development of local capacity in Guyana – Routledge

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, believes that early capacity building investments are paying dividends as seen in the growth of local content numbers in the local oil and gas industry. The company said on Wednesday that more than...
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Guyana Rides the Tide of Foreign Investment

OilNOW -
By Scott B. MacDonald - OilNOW Foreign direct investment (FDI) in the Caribbean has seen some lean years and some bountiful years. 2020 was a brutal year due to the Covid-19 pandemic; 2021 was much better, with FDI bouncing back...
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EPA greenlights Guyana’s first Rope Access Training centre

OilNOW -
Qualco Guyana has received authorisation from the Environmental Protection Agency (EPA) for the country’s first rope access training facility located at Supply, East Bank Demerara. “This permit covers the company’s activities for a workshop and equipment storage facility at the company’s operations...
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Eco increases shares in Africa’s newest exploration hotspot

OilNOW -
Eco Atlantic Oil and Gas has successfully upped its participating interest share in Block 3B/4B offshore South Africa by 6.25%. The company in an announcement on Monday said it received all the requisite regulatory approvals from the Department of Mineral Resources and...
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Exxon produced 10.78 million crude barrels offshore Guyana in November

Kemol King -
ExxonMobil Guyana produced 10.78 million barrels of crude in November 2022, according to public data from the government’s Petroleum Management Programme. Total production averaged 359,490 barrels per day (bpd). This comprised output from the Liza Phases One and Two projects...
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OPEC sees world oil demand up by 2.2M barrels per day in 2023; Guyana still on track to drive growth

Shikema Dey -
OPEC – the Organisation of Petroleum Exporting Countries – forecasts a hike in the world oil demand in 2023 by at least 2.2 million barrels per day (bpd) year-on-year, according to its latest Oil Market Report. OPEC said that Organisation...
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Oil wealth must drive inclusionary growth; steer clear of corrupt vices – US Ambassador to Guyana

OilNOW -
As Guyana continues efforts to build out a robust regulatory and legislative framework for the oil industry, it would also be wise to keep its eyes on policies and programmes that target inclusionary growth. United States Ambassador to Guyana,...
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Symmetry Group Inc. acquires majority stake in ISS Guyana advancing local content in Guyana’s oil & gas sector

Symmetry Group Inc. (SGI) and Inchcape Shipping Services (ISS) today announced a strategic joint venture in Guyana, with SGI...

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