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Oil & Gas
US reimposes oil sanctions against Venezuela over election concerns
Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.
Gas-to-Energy project to take cheap power to Linden, Silica City
The highly-anticipated Gas-to-Energy project could also take cheaply generated electricity to the mining town of Linden and to communities along the Soesdyke-Linden Highway, including Silica City, according to Vice President Dr. Bharrat…
Gas-to-Energy Project: Jagdeo says ‘no merit’ to cost overrun claims
Vice President Dr. Bharrat Jagdeo on Thursday said one component of the forthcoming gas-to-energy project is facing a three-month delay but the entire project is still on track for its end of 2025 deadline.
He added that claims for…
SBM secures contract to build Guyana’s 6th FPSO
SBM Offshore on Friday announced that ExxonMobil Guyana has confirmed the award of contracts for the Whiptail development project located in the Stabroek Block in Guyana.
Under these contracts, SBM Offshore will construct and install…
With Gov’t approval, ExxonMobil to move forward with Whiptail project
ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add…
Local, Ghanaian companies in partnership to conduct real-time monitoring of oil, gas production
e-Magic Guyana, known for its expertise in industrial IoT and digital twins solutions, and West Coast Gas Ghana Limited (WCGG), an innovator in hydrocarbon accounting and oil and gas data management have teamed up to launch AnaWorX Inc.…
Guyana gas-to-power project to shave weeks off oil output, hit revenue
- Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year…
Gov’t welcomes 49th oil discovery in Stabroek Block
(Press release from Natural Resources Ministry) - The Ministry of Natural Resources is pleased to announce an oil discovery at the Bluefin well in Guyana’s Stabroek Block, making it the first discovery of 2024.
Located approximately 8.5…
ExxonMobil announces first discovery for 2024 at Bluefin
See the full statement issued below:
ExxonMobil Guyana today announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024.
The Bluefin well encountered approximately 197 feet (60…
Merchant Bank facilitates US$25M financing facility for Vreed-en-Hoop Shorebase
New Hayven Merchant Bank, a leading financial institution committed to fostering economic development, has successfully arranged, acted as collateral, and served as administrative agent for a US$25 million financing facility extended to…