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Oil & Gas
As electricity gets cheaper, President Ali wants electric vehicles manufactured in Guyana
By Vishani Ragobeer
Vishani@newsroom.gy
The cost of electricity in Guyana is expected to reduce significantly by 2025 as the Wales gas-to-energy project becomes operational and the country’s President Dr. Irfaan Ali believes that…
$2.6B Port Mourant training facility an investment in Guyana’s future – President Ali
The first phase of the Guyana Technical Training College at Port Mourant, Region Six (East Berbice- Corentyne) was commissioned on Friday, a move President Dr. Irfaan Ali describes as an investment in the country’s future.
The first…
Exxon says new drilling is ‘well south’ of Essequibo territory
(Bloomberg) Exxon Mobil Corp.’s exploratory drilling off the coast of Guyana will be “well south” of the disputed territory that Venezuela claims as its own, according to a senior company executive.
Venezuela’s maritime claim rests along…
‘Gas-to-energy project will be built’ – Jagdeo unfazed by attempts to block financing
Vice President Dr. Bharrat Jagdeo on Thursday remained optimistic that the loan from the U.S. Exim Bank will be secured in 2024 for the hallmark gas-to-energy project being developed at Wales, Region Three (Essequibo Islands-West Demerara).…
More than half of money spent in Stabroek Block recovered so far – Exxon President
ExxonMobil Guyana Limited alongside its coventurers, Hess and CNOOC, have so far been able to recover about US$19 billion out of the US $29 billion it spent in the prolific Stabroek Block offshore Guyana.
This is according to the…
With MoU approved for signing, India wants long-term oil purchasing arrangement with Guyana
Minister of Natural Resources Vickram Bharrat held talks with India’s Minister for Petroleum and Natural Gas Hardeep Singh at the sidelines of the ongoing India Energy Week in Quitol, Goa yesterday.
During that meeting, Singh noted…
Guyana producing at least 640,000 barrels of oil daily
At least 640,000 barrels of oil are being produced in the prolific Stabroek Block offshore Guyana, which, according to ExxonMobil Guyana Limited’s new Production Manager Huzefa Ali, is a substantial increase from earlier projections.…
Exxon targets new gas finds, more oil in western portion of Stabroek Block
ExxonMobil Guyana is expected to drill and appraise at least seven wells in the offshore Stabroek Block this year but the company sees itself shifting towards determining what natural gas resources are available while venturing more into…
Guyana engaged in ‘healthy’ cooperation with US, other nations – Exxon boss
President of ExxonMobil Guyana, Alistair Routledge said Tuesday that the company was largely unfazed by Venezuela’s aggressions last year because it believes its contracts in Guyana are “valid.”
And now that tensions between the two…
First Lady’s Menstrual Hygiene Initiative gets boost with $10M donation from CNOOC
See the press release from CNOOC Petroleum Guyana Limited (CPGL) below:
The Menstrual Hygiene Initiative being undertaken by First Lady Arya Ali to end period poverty in Guyana, was given a boost on Monday when CNOOC Petroleum Guyana…