Category: Articles

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

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

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

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

Hess Corporation and the Government of Guyana announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana.   Carbon credits are mechanisms used to reduce CO2 emissions. Carbon credits are generated by the avoidance of CO2 emissions. Guyana’s extensive… Read more

The Government of Guyana through the Ministry of  Natural  Resources has announced that BP International Limited has been selected to market Guyana’s share of petroleum from the Liza Destiny and Liza Unity floating production storage and offloading (FPSO) vessels. The award for the contract comes after the completion of a competitive procurement process launched by… Read more

ExxonMobil Guyana renews sponsorship of Energy Conference for second edition in 2023– Government welcomes the International Energy Conference and Expo 2023” says Natural Resources Minister The International Energy Conference and Expo Guyana 2023 (IECEG 2023) today announced ExxonMobil Guyana as the premier sponsor of the second edition of the Conference & Expo. Commenting on the… Read more

The Government of Guyana has paved the way for the gas to shore project to come to life by 2024. The Cabinet today issued a “no objection” to the construction of the first of its kind facility in Guyana. The project includes the construction of a 300mw combined cycle power plant and natural gas liquids… Read more

SBM continues its relationship with ExxonMobil through the signing of a new MOU. SBM Offshore has announced the signing of a Memorandum of Understanding (MOU) with ExxonMobil Guyana for construction of a multi-purpose floater hull for use on a future floating production storage and offloading (FPSO) project. ExxonMobil and SBM Offshore have a long history… Read more

MODEC has announced that it has signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage, and Offloading vessel (FPSO) for the “Uaru” development project. The FEED contract award relates to the initial funding by ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), to begin FEED activities related… Read more