Category: Trending
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Businesses must shift mental gears to thrive in Guyana’s new economic era- Expert
In this episode of the Energy Perspectives Podcast – powered by the Guyana Energy Conference and Supply Chain Expo- Robin Singh, a sales expert and professional development strategist of Sandler Mississauga, discusses the critical need for Guyana’s private sector to shift its mindset in response to President Dr. Irfaan Ali’s call to action. As Guyana’s… Read more
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ExxonMobil, Petronas among companies ready to pay Guyana US$100M in signature bonuses for prime blocks
By Kiana Wilburg CEO, Guyana Energy Conference & Supply Chain Expo The companies which secured eight prime blocks offshore Guyana are all ready to pay their signing bonuses totalling US$100 million upon sealing their contracts. This is according to the country’s Natural Resources Minister, Vickram Bharrat. During his mid-year press briefing on August 14, Bharrat… Read more
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Guyana is an investor’s paradise for agriculture, forestry, other industries – GO-Invest official
CEO, Guyana Energy Conference and Supply Chain Expo When one considers the economic boom unfolding in Guyana, the astute leadership of its President, Dr. Irfaan Ali, along with key components of its business-friendly legislative and regulatory framework, it is truly well positioned to serve as an investor’s paradise. This notion was recently expressed by Senior… Read more
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Local Content Law has created tremendous value for Guyana; time for our companies to go regional- Pres. Ali
While the promulgation of the Local Content Law has generated nearly US$1 billion in revenues for Guyanese and has given rise to tremendous capacity building, locals must now address their minds to maximizing the value created therein. This was one of the key messages shared by Guyana’s President, Dr Irfaan Ali on Tuesday. The Head… Read more
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ExxonMobil’s Whiptail Petroleum Licence reflects evolution of Guyana’s permitting process – Senior Petroleum Coordinator
Since assuming office in August 2020, the Guyanese Government has implemented numerous reforms to strengthen the permitting process for oil licences and environmental permits. Senior Petroleum Coordinator at the Ministry of Natural Resources, Bobby Gossai Jr. recently noted that the Petroleum Production License (PPL) that was granted to an ExxonMobil-led consortium for its US$12.7 billion… Read more
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Guyana Shore Base inks 11-year extension contract with ExxonMobil Guyana
Monday 19, july 2022 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… 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