Guyanese OnlineGUYANA’S waters is now home to six drill ships, with the recent arrival of Noble Corporation’s Sam Croft, which will be servicing the operations of global oil giant, ExxonMobil, and its affiliates.
The Guyana Chronicle was reliably informed that the vessel arrived recently in Guyana’s waters and is currently at a staging area within the Stabroek Block of Guyana’s Exclusive Economic Zone. Continue reading
Kaieteur News – Mar 28, 2021 –
OIL – EXXON-MOBIL – PAYARA
The Vice President opened his mouth and showed that he is not up to the job of dealing in the big leagues with the big boys. He laments about “enormous pressure” from Exxon to justify his government’s abject failure to seize the moment and rearrange this country’s prospects from greedy Exxon. He kowtowed embarrassingly with that limp one of getting more for Payara.
To the Hon. Vice President, I say this: it is nothing, not near what it should be. Again, I say this to the VP and Guyana, Exxon is a wounded giant, flopping around and hanging on to Guyana for dear life; it is beached on Guyana’s shores, and any swift kick to the behinds of its rapacious leaders will make them rear up in alarm. Continue reading
Mar 21, 2021 –
Kaieteur News – Something rare is done in this space: I focus on recent oil developments and emphasize what disturbs. Gas-to-shore project is the first, local content second, and third is, who really is for the Guyanese people. Should the latter be found, I could use the enlightenment.
A Tuesday news item in KN noted Guyana’s Natural Resources Minister sharing that ExxonMobil is readying to conduct studies on a likely gas-to-shore project here. I would have been surprised if the company was not doing so, not engaging in some preliminary undertaking as to the significance for its prospects. Continue reading
Dr. Ashni Singh
– all transfers, spending to be reflected in Budget — Dr. Ashni Singh
Mar 25, 2021 – Kaieteur News – Despite having an enacted Natural Resource Fund (NRF), with in excess of US$267M deposited in the New York Federal Reserve Bank, the Guyana Government does not intend to utilize any expenditure under the current protocols, but is instead currently examining new rules under which the fund would operate.
This is according to Senior Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh. He, during a live Globespan 24X7 broadcast on Monday last, disclosed that the administration is currently examining the matter and is studying it closely and considering the options. Continue reading
GYSBI General Manager, Sean Hill
Hill shared these critical points during a panel discussion at the Guyana Basins Summit (GBS) last Thursday. This was a virtual three-day oil and gas conference, which concluded on Friday. It was aimed at delivering networking and valuable insight into the region’s potential, its challenges and the road ahead. Continue reading
Staatsolie :Annand Jagesar
Mar 21, 2021 –Kaieteur News – Guyana’s neighbour to the east, Suriname, is able to rake in US$500M annually from its lucrative oil sector. This achievement was not made by luck, but rather through robust policies and measures to ensure that the Surinamese government is in a position to reap significant benefits from the petroleum industry.
Annand Jagesar, the acting Chief Executive Officer and Managing Director of Suriname’s national oil company, Staatsolie, had revealed these figures during his presentation to the Guyana Basin Summit (GSB). Continue reading
President Irfaan Ali (right) and Vice President Bharrat Jagdeo.
Mar 19, 2021 – Kaieteur News – The construction of a deep-water harbour in Berbice is currently engaging the attention of Head of State, President, Irfaan Ali, Vice President, Bharrat Jagdeo, and Canadian oil company, CGX Guyana, along with investors.
This is according to Minister within the Ministry of Public Works with responsibility for the Energy Sector, Deodat Indar, in a live broadcast interview on Monday, facilitated by Globespan24X7. Continue reading
The Liza Unity nearing completion in the Keppel Shipyard in Singapore.
Mar 18, 2021 – Kaieteur News – ExxonMobil and its production partners in the Stabroek Block are on track to triple its production capacity offshore Guyana, as its second Floating Production, Storage and Offloading Vessel (FPSO)—Liza Unity—vessel nears completion.
The massive 220,000 barrels per day (bpd) FPSO is being constructed at the Keppel shipyard in Singapore with SBM Offshore announcing on Tuesday March 16, that the topsides lifting campaign for the Liza Unity FPSO was recently completed. Continue reading
Map showing location of Suriname’s Block 58 and Guyana’s Stabroek Block
Guyana was not the only South American country that struck black gold offshore last year. In fact, our neighbour to the east, Suriname, had announced three consecutive oil finds in its Block 58 in early 2020.
Following this discovery, international oil companies immediately began to flock Suriname, says the former Chief Executive Officer (CEO) of Suriname’s Staatsolie, Rudolf Elias. What Elias thought pertinent to highlight in a Kaieteur Radio interview, is that although the Suriname government has a higher take from its oil resources, and despite the fact that it imposes stricter policies, oil companies are running to set up shop in Suriname waters. Continue reading
![The Noble Sam Croft drillship [Photo courtesy of Noble Sam Croft]](https://guyanachronicle.com/wp-content/uploads/2021/03/Oil.jpg "Oil")
GUYANA: Significant year ahead for local oil exploration activities – Westmount Energy
April 11, 2021- Guyana Chronicle – By Navendra Seoraj
– Westmount Energy predicts
– says Guyana one of the few areas for ‘blue-chip’ interest in high-impact exploration
THE year 2021 is shaping up to be significant for exploration and appraisal operations in the Guyana-Suriname basin, with more than 12 exploration and appraisal wells scheduled for Guyana alone, Westmount Energy has said.
Westmount Energy, a holding company for a group of subsidiaries, which operate in the oil and gas-related industries, owns an indirect interest in the Canje block via a 7.7 per cent shareholding in JHI Associates, which in turn, owns a 17.5 per cent stake in the exploration project. Continue reading →
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