(ExxonMobil, 27.Apr.2021) — ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced […]
Category: Guyana
Guyana energy
ExxonMobil Pleased With Uaru-2 Appraisal Well: Senior VP Michael Cousins Says
(Energy Analytics Institute, 27.Apr.2021) — ExxonMobil’s Senior Vice President Michael G. Cousins commented on the company’s 19th oil find offshore Guyana in the prolific Stabroek […]
LatAm Briefs: Terpel LPG Station In Cartagena, Hess Conf. Call
(Energy Analytics Institute, 26.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Terpel inaugurating Colombia’s first LPG service station in Cartagena and […]
Guyana Should Consider Oil Hedge Now
(Stabroek News, 26.Apr.2021) — December 20th marked the one-year anniversary of oil being lifted from Guyana’s ocean floor. Who has benefitted the most from our […]
India In Talks With Guyana For Long-Term Crude Supply
(Reuters, 25.Apr.2021) — India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American […]
CGX To Use Maersk Rig For Kawa-1 Well
(CGX Energy, 22.Apr.2021) — CGX Energy Inc. and Frontera Energy Corporation (TSX: FEC), joint-venture partners in the Petroleum Prospecting License for the Corentyne block offshore […]
Statement On Compressor Issue Onboard The Liza Destiny FPSO
(Guyana Ministry of Natural Resources, 16.Apr.2021) — On 11 April 2021, the Government of Guyana (GoG) was notified of an unexpected issue arising with the […]
Guyana Eyes Moves To Offset Oil Cuts
(Argus, 16.Apr.2021) — Guyana is considering unspecified economic measures to cushion the impact of repeated production cuts from US major ExxonMobil’s deepwater Stabroek block, the […]
Frontera And CGX Ink $19mn Loan Deal
(Frontera, 16.Apr.2021) — Frontera Energy Corporation and CGX Energy Inc., joint venture partners (the “Joint Venture“) in Petroleum Prospecting Licenses for the Corentyne and Demerara […]
Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2021) — Energy Analytics Institute (EAI), which provides breakings news coverage of energy markets primarily in Latin America and the […]
Gold Port Says Drill Program Advances
(Gold Port Corporation, 7.Apr.2021) — Gold Port Corporation is providing a corporate update on its operations in Guyana. Groete Gold Copper Project Drill Program Camp […]
Cayman Islands Elections: Report
(Energy Analytics Institute, 31.Mar.2021) — “Determining the appropriate policy reforms to sustainably improve the socio-economic trajectory of the best-run country in the Caribbean, must feel […]
HPCL-Mittal Awaits Guyanese Crude Liza
(Reuters, 23.Mar.2021) — The first cargo from new oil producer Guyana to the world’s third-largest crude importer, India, departed this month from a production facility […]
Guyana Oil Still At Peak Capacity: Hess
(S&P Global, 23.Mar.2021) — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to […]
Guyana Basins Summit (GBS) Energy Highlights
(Energy Analytics Institute, 22.Mar.2021) — Commentaries, quotes, data and other highlights from the Guyana Basins Summit (GBS) held virtually from 17-19 March 2021 and from […]
Guyanese Communities To Benefit From Solar Streetlights
(DPI, 21.Mar.2021) — Minister of Local Government and Regional Development, Hon. Nigel Dharamlall has said more communities across Guyana will soon benefit from the installation […]
Guyana Basins Summit Day 2 Recap
(Energy Advance, 18.Mar.2021) — The Guyana Basins Summit (GBS) was officially inaugurated by Hon. Albert R. Ramdin, Minister of Foreign Affairs, International Business and Cooperation, […]
Hess Divest Interests In Denmark
(Hess, 18.Mar.2021) — Hess entered into an agreement to sell its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, […]
Xi Jinping Urges Joint China-Guyana Ties
(CGTN, 17.Mar.2021) — Chinese President Xi Jinping said Tuesday that China and Guyana should take the 50th anniversary of their diplomatic ties next year as […]
Guyana: Sleeping Giant In Investment Opportunities
(DPI, 17.Mar.2021) — His Excellency Dr Irfaan Ali said that Guyana is poised to become the most exciting investment destination in the Western Hemisphere. The […]
Guyana Basins Summit Day 1 Recap
(Energy Advance, 17.Mar.2021) — Yesterday saw his Excellency Hon. Dr. Mohamed Irfaan Ali, President, Co-operative Republic of Guyana open the Guyana Basins Summit and declare […]
Guyana’s Liza 1 Reaches Full Capacity
(Reuters, 17.Mar.2021) — Guyana’s President Irfaan Ali said on Wednesday that the first phase of the Liza offshore crude project had achieved its intended full […]
Guyana Basins Summit: 17-19 March 2021
(Energy Advance, 17.Mar.2021) — GBS 2021 is the the meeting place for industry executives, experts, government stakeholders, local business owners delivering networking and valuable insight […]
Bulletwood-1 Well Results, Jabillo-1 Ops Update: Guyana
(JHI, 16.Mar.2021) — Bulletwood-1, the first well in the Canje Block, was safely drilled in 2,846 meters (9,337 ft) of water by the Stena Carron […]
Guyana Still Searching For Oil Marketer
(Argus, 11.Mar.2021) — Guyana is preparing a revised tender to market its crude entitlement from the ExxonMobil-operated deepwater Stabroek block after cancelling an earlier request […]
Prospects For Synergies Between Guyana, Suriname
(Stabroek News, 3.Mar.2021) — A letter to the editor of Stabroek News about establishment of the Guyana-Suriname Commission. Dear Editor, The proposed establishment of the […]
Exxon Vows To Lift Returns
(Bloomberg, 3.Mar.2021) — Exxon Mobil Corp. pledged to boost the S&P 500 Index’s third-largest dividend and end two years of cash burn by bringing on […]
Frontera Announces CEO Succession
(Frontera, 3.Mar.2021) — Frontera Energy Corporation announced the appointment of current director Orlando Cabrales Segovia as Chief Executive Officer. The company also provided an update […]
Frontera Releases Resources Details On Guyana Blocks
(Frontera, 16.Feb.2021) — Frontera Energy Corporation and CGX Energy Inc., joint venture partners, announced completion of an independent Prospective Resource study and report in respect […]
Guyana Cautious On 2021 Oil Output, Price
(Argus, 15.Feb.2021) — Guyana forecasts average crude production of 109,000 b/d in 2021, 46.7pc above last year but short of initial expectations because of a […]
Guyana Re-engages India On Support For Renewables
(Guyana Times, 11.Feb.2021) — Guyana has re-engaged the Indian Government through The Energy and Resources Institute (TERI) to provide technological support in several sectors that […]
China Expands Presence In LatAm’s Energy Industries
(IOA, 10.Feb.2021) — China is broadening its presence in Latin America’s energy and strategic minerals sectors, posing challenges to the regional countries themselves as well […]
Hess To Market Guyana Oil
(Reuters, 9.Feb.2021) — U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a […]
CGX Names Professor Mark Zoback To The BODs
(CGX, 8.Feb.2021) — CGX Energy Inc. has appointed Professor Mark D. Zoback to the Board of Directors of the Company and Ms. Jennifer Budlong as […]
ExxonMobil Exploits Divisions In South America
(People’s World, 8.Feb.2021) — Tensions are rising between neighboring Guyana and Venezuela over a piece of land that has been disputed since at least 1835. […]
Taiwan To Open Office In Guyana
(Energy Analytics Institute, 3.Feb.2021) — Taiwan announced plans to establish an office in emerging petro-state Guyana, according to details revealed by the US Embassy in […]
Guyana’s Gas-to-Shore Project Economically Viable
(DPI, 1.Feb.2021) — An analysis carried out by local Financial Analyst, Mr. Joel Bhagwandin, has found that the Government’s gas-to-shore project is financially viable. The […]
Hess Updates On Ops In The US, Guyana And Malaysia
(Hess, 27.Jan.2021) — Hess Corporation provided operational highlights from the fourth quarter of 2020 and its operations in the US Bakken, the US Gulf of […]
Hess Reports 4Q:20 Net Loss
(Hess, 27.Jan.2021) — Hess Corporation reported a net loss of $97mn, or $0.32 per common share, in the fourth quarter of 2020, compared with a […]
Hess Corp.’s 4Q:20 Earnings Call Transcript
(Seeking Alpha, 27.Jan.2021) — A full transcript of the Hess Corporation4Q 2020 earnings conference call from 27 January 2021 at 10:00 am ET follows here. […]
Hess Announces 2021 E&P CAPEX Of $1.9bn
(Hess, 25.Jan.2021) — Hess today announced a 2021 Exploration & Production capital and exploratory budget of $1.9bn, of which more than 80% will be allocated […]
Bankers ‘Bombard’ Guyana With Financing Plans
(Reuters, 21.Jan.2020) — As the former British colony begins its first significant oil production this year, it is wary of avoiding the mistakes made in […]
Guyana And US Ink Agreement In Georgetown
(DPI, 12.Jan.2021) — Chief of Staff of the Guyana Defence Force Brigadier Godfrey Bess and Commander of the U.S. South Command, Admiral Craig S. Faller, […]
Global Witness Withdraws Guyana Report
(Global Witness, 11.Jan.2021) — The climate emergency is the greatest threat facing the world. If we are to prevent its worst impacts we all must […]
Hess Reveals 4Q:20 Earnings Conference Call Date
(Hess, 8.Jan.2021) — Hess will hold a conference call on Wednesday 27 January 2021 at 10 a.m. Eastern Time to discuss its fourth quarter 2020 […]
Exxon Spuds Bulletwood, Offshore Guyana
(Offshore Engineer, 5.Jan.2021) — U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana. The news […]
Forestry Commission To Be Fully Operational Again
(DPI, 4.Jan.2021) — Minister of Natural Resources Hon. Vickram Bharrat has said the capacity of the Guyana Forestry Commission (GFC) has been strengthened and the […]
Guyana Oil Company Doubled Profits In 2019
(The Rio Times, 3.Jan.2021) — GuyOil, the report notes, has been able to maintain a market share of just about 25% and in 2019 sales […]
Guyana Gets Fourth Oil Lift
(Stabroek News, 28.Dec.2020) — At a price of close to US$49.50 per barrel of oil, Guyana has received its fourth one million barrels of oil […]
SBM Offshore Extends Lease For FPSO Espirito Santo
(SBM Offshore N.V., 23.Dec.2020) — SBM Offshore reports a contractual lease extension for FPSO Espirito Santo in Brazil and expects a potential increase in the […]