Author: Gec
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SBM Offshore completes US$1.75 billion financing of FPSO ONE GUYANA
SBM Offshore has announced that it has completed the project financing of FPSO ONE GUYANA for a total of US$1.75 billion., According to a press release from the company, the project financing was secured by a consortium of 15 international banks. SBM expects to draw the loan in full, phased over the construction period of the FPSO. The financing… Read more
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ExxonMobil makes two more discoveries offshore Guyana
IRVING, Texas – ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25. The Seabob-1 well encountered… Read more
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Crude ramp-up to reflect 57.8% economic growth in Guyana
Monday 11, july 2022 Non energy sectors also expected to grow Guyana has been producing crude since 2019 and since then the country has been one of the top performing economies in Latin America. When production began, Exxon had one floating production (FPSO) unit in place, Liza Destiny. This had production capacity of 120,000 barrels… Read more
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Crude ramp-up to reflect 57.8% economic growth in Guyana
Non energy sectors also expected to grow Guyana has been producing crude since 2019 and since then the country has been one of the top performing economies in Latin America. When production began, Exxon had one floating production (FPSO) unit in place, Liza Destiny. This had production capacity of 120,000 barrels of oil per day.… Read more
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Barbados Signs Cooperation Agreements With Guyana and Suriname
Wednesday 06, july 2022 The Barbados Ministry of Foreign Affairs and Foreign Trade has announced that Barbados has signed new agreements with two CARICOM neighbors. According to the Ministry, the new agreement provides for enhanced cooperation between the governments and the exploitation of opportunities in several areas of economic activity for their people. The Agreement… Read more
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Barbados Signs Cooperation Agreements With Guyana and Suriname
The Barbados Ministry of Foreign Affairs and Foreign Trade has announced that Barbados has signed new agreements with two CARICOM neighbors. According to the Ministry, the new agreement provides for enhanced cooperation between the governments and the exploitation of opportunities in several areas of economic activity for their people. The Agreement for a Strategic Dialogue… Read more
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Petrobras buys Guyana crude for refining
Wednesday 29, june 2022 Guyana’s market reach expands with its first sale of crude to Petrobras, Brazil’s state oil company. According to Reuters, Petrobras has secured its first cargo of Guyanese crude, with the intention of refining it domestically. Guyana has been ramping up production, with the start of a second floating production facility in… Read more
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Petrobras buys Guyana crude for refining
Guyana’s market reach expands with its first sale of crude to Petrobras, Brazil’s state oil company. According to Reuters, Petrobras has secured its first cargo of Guyanese crude, with the intention of refining it domestically. Guyana has been ramping up production, with the start of a second floating production facility in February. It now has… Read more
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Guyana Shore Base inks 11-year extension contract with ExxonMobil Guyana
Guyana Shore Base Inc. (GYSBI), a pioneering Guyanese company in the local oil and gas sector has announced that it has inked an 11-year extension contract with Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil affiliate for the provision of shore base management and operations services. According to a release from the company, the… Read more
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Guyana Opens Offshore Bid Round
Guyana President Dr. Mohamed Irfaan Ali has launched Guyana’s competitive bid round for 14 offshore oil blocks, comprised of eleven shallow water blocks and three ultra-deepwater blocks. Officially open today, December 9th 2022, the bid round is expected to be open for 4 months and will close on April 14th 2023. With the massive potential for “25… Read more