Guyana Archives - Page 5 of 20 - Energy Analytics Institute (EAI)

Hess Announces Collector’s Edition Ocean Explorer, Now On Sale

(Hess, 15.Sep.2023) — Hess Corporation announced that the special limited Collector’s Edition Ocean Explorer toy, commemorating Hess Corporation’s 90th anniversary, is now on sale exclusively at HessToyTruck.com for $59.99 with free […]

Guyana Receives Bids for Eight Blocks, Including from Exxon, Total

(Reuters, 13.Sep.2023) — Guyana has received offers for eight of 14 offshore oil and gas blocks in a bidding round, including from consortiums of oil […]

EAI’s NRGBriefs: Aug. 2023

(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process […]

Guyana’s Oil Boom Grabs Bigger Share of European Market

(Reuters, 23.Aug.2023) — Guyana has gained a larger share of Europe’s oil market this year, vessel monitoring data showed, driven by rising output by a […]

Exxon Proposes Sixth Oil Project in Guyana for $12.9 Billion

(Reuters, 21.Aug.2023) — Exxon Mobil Corp (XOM.N) and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing […]

CNOOC: Net Production Hit Record High

(CNOOC, 17.Aug.2023) — CNOOC Limited announces its 2023 interim results for the six months ended June 30, 2023. In the first half of the year, the […]

Frontera Announces 2Q:23 Results [PDF Download]

(Frontera, 10.Aug.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended 30 June 2023. All financial amounts in this news […]

Tullow Sells Interest in TGBV to Eco Guyana

(Tullow, 10.Aug.2023) — Tullow Oil Plc agreed to sell its total interest in Tullow Guyana B.V. (TGBV), which includes the Orinduik licence (Tullow 60% operated […]

TotalEnergies Named Most-admired Explorer in WoodMac Survey

(WoodMac, 27.Jun.2023) — French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s […]

CGX and Frontera Find 210 Feet of Hydrocarbon-Bearing Sands in Guyana

(Frontera, 28.Jun.2023) — CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC), the majority shareholder of CGX and joint venture partner of CGX […]

Guyana not interested in joining OPEC, VP says

(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, […]

Guyana Postpones Offshore Auction to mid-August

(Reuters, 16.Jun.2023) — Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country’s oil and […]

Exxon: Over $400mn Spent Locally in Guyana in 2022

(Exxon, 16.May.2023) — ExxonMobil Guyana and its reporting contractors have spent more than GUY$83bn (US$400mn) with more than 1,500 Guyanese businesses in 2022 alone. That […]

MODEC’s Uaru FPSO Proceeds to EPCI Phase

(MODEC, 8.May.2023) — MODEC, Inc. will proceed with engineering, procurement, and construction on the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision […]

Frontera Reveals 1Q:23 Results

(Frontera, 3.May.2023) — Frontera Energy Corporation (TSX: FEC) reported financial and operational results for the first quarter ended March 31, 2023. All financial amounts in this […]

SBM Offshore Inks Deal for its Guyana FPSO Fleet

(SBM, 2.May.2023) — SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for […]

ExxonMobil Advances Fifth Offshore Guyana Development

(ExxonMobil, 27.Apr.2023) — ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects […]

Hess Sanctions Uaru Development Offshore Guyana

(Hess, 27.Apr.2023) — Hess Corporation (NYSE: HES) has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after […]

Hess Reports 1Q:23 Results, Another Find Offshore Guyana [PDF Downloads]

(Hess, 26.Apr.2023) — Hess Corporation (NYSE: HES) reported net income of $346mn, or $1.13 per share, in the first quarter of 2023, compared with net […]

NatGas in Transition to Low-Carbon Economies [PDF Download]

(IGU, OLADE, ARPEL, 17.Apr.2023) — The world needs to transition to low-carbon economies to reduce global warming while continuing to promote sustainable socioeconomic development for […]

SBM Offshore says FPSO Prosperity reaches Stabroek block offshore Guyana

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 11.Apr.2023) — SBM Offshore said the FPSO Prosperity reached the Stabroek block offshore Guyana. The vessel travelled just […]

ICJ Delivers Judgement in Guyana v. Venezuela Case

(ICJ, 6.Apr.2023) — On 6 April 2023, the International Court of Justice, the principal judicial organ of the United Nations, will deliver its Judgment on […]

Border Spat: CIJ Rejects Venezuela’s Objection to Guyana [PDF Download]

(Energy Analytics Institute, 6.Apr.2023) — The court finds that the preliminary objection raised by the Bolivarian Republic of Venezuela is admissible. By fourteen votes to […]

PGS Rejuvenated Data for Guyana Deepwater Block Evaluation

(PGS, 4.Apr.2023) — In collaboration with the Guyana Ministry of Natural Resources (MNR), PGS has released 4460 km of rejuvenated 2D GeoStreamer depth data supporting […]

EAI’s NRGBriefs: Mar. 2023

(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a […]

ONE GUYANA FPSO Reaches Drydock [Video]

(Energy Analytics Institute, 24.Mar.2023) — The ONE GUYANA FPSO has arrived in drydock at Keppel shipyard. This marks a key milestone in the project, this […]

Guyana Gov’t Releases Draft Model Petroleum Agreements [PDF Downloads]

(Ministry of Natural Resources, 14.Mar.2023) — The Ministry of Natural Resources, on behalf of the Government of Guyana, is pleased to announce the release of […]

EAI’s NRGBriefs: Feb. 2023

(Energy Analytics Institute, 23.Feb.2023) — Energy briefs as well as others related to finance and politics during February 2023 including Repsol commenting on improvement of […]

Guyana: FPSO Prosperity Naming Ceremony

(Energy Analytics Institute, 2.Feb.2023) — SBM Offshore held a naming ceremony for the floating production storage and offloading (FPSO) unit Prosperity. “SBM Offshore is extremely […]

Frontera Announces 2023 Capital And Production Guidance

(Frontera, 1.Feb.2023) — Frontera Energy Corporation (TSX: FEC) announces its full year 2023 capital and production guidance and provides an update on its normal course […]

EAI’s NRGBriefs: Jan. 2023

(Energy Analytics Institute, 31.Jan.2023) — Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister […]

New Global Finds Drive Exploration to Value Creation

(WoodMac, 30.Jan.2023) — The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to […]

Hess’ 2023 Capex Budget Favors Bakken and Stabroek

(Hess Corporation, 24.Jan.2023) — Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7bn, of which more than 80% will be […]

CGX and Frontera Spud Wei-1 Offshore Guyana

(CGX Energy, 23.Jan.2023) — CGX Energy Inc. (TSXV: OYL) operator and joint venture partner with Frontera Energy Corporation in the Petroleum Prospecting License for the […]

T&T Energy Chamber Chair Dookie Gives Opening Address at TTEC

(Energy Chamber, 23.Jan.2023) — Energy Chamber of Trinidad & Tobago Chair Jerome Dookie gives his opening speech at the Trinidad & Tobago Energy Conference 2023 […]

Guyana Budget 2023 [PDF Download]

(Guyana Ministry of Finance, 16.Jan.2023) — The Budget 2023 is the fourth budget of this People’s Progressive Party/Civic (PPP/C) government formed in August 2020. ____________________

Hess’ Guyana Developments and Low Breakeven Prices [PDF Download]

(Energy Analytics Institute, 5.Jan.2023) — Hess Corporation’s activities offshore Guyana in the Stabroek Block over the company exceptional reservoir quality and low development costs. The […]

Energy Analytics Institute’s NRGBriefs: December 2022

(Energy Analytics Institute, 31.Dec.2022) — Energy briefs as well as others related to finance and politics during December 2022 including Washington’s easing of sanctions on […]

Hess CEO to Participate in Goldman Sachs Global Conference

(Hess, 19.Dec.2022) — Hess Corporation (NYSE: HES) announced that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the Goldman Sachs Global Energy and Clean […]

Guyana: From Backwater to Deepwater

(Foreign Policy, 16.Dec.2022) — Most South American economies have grown sluggishly this year. But Guyana has been an outlier—both in the region and the world […]

Guyana Presidential Guard Stabbed by Attacker at Official Residence

(Reuters, 15.Dec.2022) — A presidential guard in Guyana was stabbed five times in capital Georgetown on Thursday by a man who demanded to see President […]

Saipem Awarded Deals for $1.2bn in Guyana, Egypt

(Saipem, 15.Dec.2022) — Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately $1.2bn. In Latin America: Guyana The first […]

Trinidad and Tobago Energy Conference 23-25 January 2023

(Trinidad and Tobago Energy Chamber, 15.Dec.2022) — The Trinidad and Tobago Energy Conference takes place at the Hyatt Regency in Port of Spain from 23-25 […]

Contract Inked for $759mn Wales Natgas Plant

(DPI, 13.Dec.2022) — The Government of Guyana and LINDSAYCA/CH4 on Tuesday signed the contract for the construction of the integrated natural gas liquids (NGL) Plant […]

Guyana Launches First Licensing Round for Offshore Oil and Gas E&P

(Ministry of Natural Resources, 9.Dec.2022) — The government of Guyana, today, for the very first time, is announcing the launch of a Licensing Round. The […]

President Ali Launches Bid Round for Offshore Blocks

(Office of the President of Guyana, 9.Dec.2022) — His Excellency Dr Irfaan Ali announced the launch of a competitive bidding process for 14 offshore oil […]

ExxonMobil Reveals Corporate Plan 2027

(Exxon, 8.Dec.2022) — ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and […]

Hess and Guyana’s Gov’t Announce REDD+ Carbon Credits

(Hess, 2.Dec.2022) — Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750mn between […]

Guyana to Earn $750mn in First Carbon Credit Sale

(DPI, 2.Dec.2022) — Guyana is set to earn an income of some US $750 million for its carbon credit from Hess Corporation, His Excellency, Dr […]

Frontera and CGX to Spud Wei-1 Offshore Guyana by Jan. 2023

(Frontera, 28.Nov.2022) — Frontera Energy Corporation (TSX: FEC) and CGX Energy Inc. (TSXV: OYL), joint venture partners in the Petroleum Prospecting License for the Corentyne […]