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Oil & Gas
‘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…
Guyana’s production helps Exxon end 2023 with US$36 billion profit
Increased production in Guyana and the Permian Basin, found in the southwestern part of the United States (US), has helped ExxonMobil net US$36 billion (or about G$7.5 trillion) profit for 2023.
ExxonMobil’s Chief Executive Officer…
Ghana oil refinery to train 12 Guyanese after President Ali’s visit
The Ghana Chamber of Commerce Guyana has announced that in collaboration with Sentuo Oil Refinery, 12 Guyanese will be trained at the facility.
This follows President Irfaan Ali’s visit to the refinery last Friday for its commissioning.…
Over 21 countries, 19 sectors part of 2024 Energy Conference, Expo
With an expanded focus and already a premier event in the region, the third edition of the Guyana Energy Conference and Supply Chain Expo will attract participation, at the highest level, from more than 21 countries and will see 19 sectors…