(Argus, 2.Jun.2020) — Guyana is preparing to launch a tender for a natural gas-to-power project anchored on the ExxonMobil-operated Stabroek block. The project would entail the installation of a 160km subsea gas pipeline from the deepwater block to onshore power generation units and other facilities. Around 30mn-50mn cf/d would be […]
Tag: Mark Bynoe
New Petro-state Guyana Lifts Second Oil Cargo
(Stabroek News, 23.May.2020) — Guyana has lifted its second one-million barrel cargo of crude oil entitlement from ongoing offshore production and the oil tanker Sonangol Namibe departed these shores yesterday afternoon. The entire transfer process, from entry of the vessel into Guyana’s waters to the completion of the lift, was […]
Guyana With No Plans To Cut Oil Output Amid Price Drop
(Reuters, 4.May.2020) — Guyana has no plans to cut crude output despite a plunge in oil prices, the government’s top energy official said on Monday, adding that shutting down production could prove costly and harm future output. Mark Bynoe, the director of the Department of Energy, said the country’s crude […]
Statement From Guyana’s DOE Director Mark Bynoe
(DOE, 4.May.2020) — Good morning ladies and gentlemen I am coming to you at a very interesting time in our country’s history given the furore over our national and regional elections, and the instability created in world market due largely to over-supply of crude and us being in the throes […]
Exxon Could Delay Third Guyana Project
(Reuters, 7.Apr.2020) — Exxon Mobil Corp said on Tuesday the start of production at its Payara project in Guyana, its third major development in the world’s newest offshore oil hotspot, could be delayed as the company scales back spending due to the crude price crash. Payara’s startup had been slated […]
Guyana To Export First Share Of Oil-Official
(Reuters, 12.Feb.2020) — Guyana is getting ready to export in the coming days the first cargo of Liza crude entitled to the government as share of the oil produced by a consortium led by energy giant ExxonMobil, the head of the country’s Energy Department said on Wednesday. The tanker Cap […]
Guyana Searches For Firm To Trade Its Crude
(Reuters, 23.Jan.2020) — Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in an interview. The government is entitled to a portion of […]
Quality Testing Guyana’s First 3 MMbbls
(Demerara Waves, Denis Chabrol, 16.Dec.2019) — The Ministry of the Presidency’s Department of Energy denied breaching the procurement process for sale of Guyana’s first three million barrels of oil aimed at what officials say is the removal of impurities and setting of standard for Guyana to get the best price […]
ExxonMobil To Take 1st MMbbls Of Oil
(Guyana Times, 7.Nov.2019) — With oil production expected to begin later this month, ExxonMobil will be getting the first shipment of oil, while Guyana will have to wait until sometime next year. This announcement was made by the Department of Energy. Making these announcements was Department of Energy Director, Dr […]
Guyana To Sell Share Of Oil Every 8 To 10 Days
(Guyana Standard, 29.Jul.2019) — Head of the Energy Department, Dr Mark Bynoe, disclosed today that Guyana’s share of the oil from the Stabroek Block will be sold every eight to 10 days via Free On Board (FOB). With FOB, the buyer would be responsible for purchasing and delivering it on […]
Guyana To Boost Royalties On Future Oil Licenses
(Reuters, 3.Jul.2019) — Guyana is preparing to raise the take of the government in future oil licences, the director of the South American country’s Department of Energy said on Wednesday. U.S. energy giant Exxon, French group Total and Britain’s Tullow Oil are drilling wells offshore Guyana, where Exxon has discovered […]
Guyana Says Oil Activity Offshore Is Unprecedented
(AP, 30.May.2019 ) — Guyana’s top energy official said Thursday that interest in oil drilling and development operations in the South American country is unprecedented. Department of Energy head Mark Bynoe told The Associated Press that the country has never seen such “interest in deep and ultra-deep concessions” and is […]
Granger Says Guyana Energy Head Fit and Proper
(Department of Public Information, Guyana, Alexis Rodney, 2.Aug.2018) – President David Granger said today that he is confident of the work that will be executed by the recently appointed head of the newly established Department of Energy, Dr. Mark Bynoe as the unit takes off the ground. Department of Energy […]