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Distilling Guyana’s Oil and Gas Regulatory Framework: The Introduction

OilNOW -
By Chevy Devonish ExxonMobil Guyana Limited (ExxonMobil), and its partners Hess and CNOOC started oil and gas exploration in Guyana in 2008, and the first significant discovery, Liza-1, was made in 2015. In his 2024 budget speech, Dr. Ashni Singh, Senior...
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Exxon data reveals 80% average annual growth in spend on Guyanese suppliers for 2017-2023

OilNOW -
ExxonMobil and its contractors grew their spend on Guyanese suppliers by an average of 80% annually, its 2023 Annual Report revealed. Spend grew from US$23 million in 2017 to US$641 million in 2023. Recent growth in spend picked up, particularly...
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Omni is first company in Guyana to receive ‘Great Place To Work®’ certification

OilNOW -
Omni Helicopters International said its operations in Guyana, through Omni Helicopters Guyana Inc (OHGI), have been Certified™ by San Francisco firm Great Place To Work®.  Great Place to Work Certification is a benchmark for recognizing outstanding employee experience. Every year,...
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ExxonMobil Guyana to enhance logistics with new freight forwarding agreement

OilNOW -
ExxonMobil Guyana Limited (EMGL) is gearing up to finalize an agreement for freight forwarding services to seamlessly move company materials, equipment, and supplies to and from designated origins and destinations.  According to a public request for information (RFI), under the...
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‘The devil is in the details’ – petroleum geologist says of CGX’s Guyana discovery

OilNOW -
Editor-in-Chief at GEO ExPro, Henk Kombrink, questioned why companies would announce a discovery when the actual proof is not there, following a March 18 release from Vancouver-based explorer MCF Energy that announced a “significant gas discovery” at its Welchau-1...
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ExxonMobil Guyana seeks providers for platform and fast supply vessels

OilNOW -
ExxonMobil Guyana announced plans to establish enabling agreements for the provision and operation of platform supply vessels (PSV) and fast supply vessels (FSV) in Guyana waters. The company’s Request for Information (RFI) indicates the vessels need to be delivered by...
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Analyst sees new Canadian pipeline stirring up competition with Guyana barrels on U.S. West Coast

OilNOW -
As the Canadian Trans Mountain pipeline expansion project nears completion, likely in Q2 2024, an analyst from S&P Global Commodity Insights forecasts a shift in the dynamics of crude oil imports into the U.S. West Coast. This suggests a...
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Guyana is in Exxon’s top three deepwater developments around the world – Upstream President 

Shikema Dey -
ExxonMobil has placed Guyana in the ranks of its top three deepwater developments around the world, according to the President of its Upstream Company, Liam Mallon.  But in a few years, with the way producing is heading, its rank can...
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Guyana will be carbon negative even when producing oil at 1.5 million b/d – Jagdeo

Kemol King -
Even with world-leading per capita oil production aspirations, the Guyana government believes the country can keep its long-standing environmental credentials. According to Vice President Bharrat Jagdeo, “We will remain carbon negative even when we are producing 1.5 million barrels...
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World Bank projects Guyana alone will nearly double Caribbean region’s growth

OilNOW -
The World Bank's Global Economic Prospects Report, published in January 2024, has projected that Guyana's economy is set to grow 38.2% in 2024. This figure not only surpasses the International Monetary Fund's (IMF) December projection of 26.6% but also...
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Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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