Guyana’s Appellate Court on Thursday granted ExxonMobil and its co-venturers a stay to the Supreme Court judgment that required it to provide an unlimited Parent Company Guarantee Agreement/or Affiliate Company Guarantee Agreement.
Failure to comply would have resulted in the...
Guyana’s remarkable oil developments have attracted the attention of Black Rock, the world’s largest asset manager, along with other American heavyweights like Bank of America. Top officials from these companies, as well as Hess Corporation, Capital Group, MFS Investment...
Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.
According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.
“We thank all...
Guyana’s fifth profit oil lift for the year was sold for GY$18.17 billion (approximately US$87 million). A Bank of Guyana report indicated payment for the sale of this lift represented the only inflow to the Natural Resource Fund (NRF)...
Builder of Guyana’s fifth production vessel – Mitsui Ocean Development & Engineering Company Inc. (MODEC) – is seeking Guyanese firms that can provide offshore installation of mooring equipment.
MODEC in a public Expression of Interest (EOI) said it is looking...
Top officials at ExxonMobil Guyana are reiterating that stringent measures remain in place to prevent an oil spill at its Stabroek Block operations. Company officials say in the unlikely event there is an incident, a robust set of tools,...
Vice President of Guyana, Dr. Bharrat Jagdeo, on Thursday discussed the challenge the country faces in attracting oil investments, as it contends with 85 other nations vying for similar opportunities via bid rounds. He made the comments in response...
Authorities in Africa, India, and the United Arab Emirates (UAE) are stepping up to help Guyana strengthen its oil sector capabilities, said Vice President Dr. Bharrat Jagdeo during a press engagement on Thursday in Georgetown.
The chief policymaker for the...
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners to navigate with extreme caution, as ExxonMobil moves to commence pipelaying activities.
MARAD has provisioned June 1 - November 1 as the period for these activities. It said the shallow...
Petrobras, Brazil’s state oil producer, has decided not to participate in the ongoing offshore licensing round in Guyana. Vice President of Guyana, Dr. Bharrat Jagdeo told reporters on Thursday he had a meeting with Petrobras officials in New York,...
