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Oil & Gas
Prosperity achieves background flare
ExxonMobil Guyana is pleased to announce that the Prosperity floating, production, storage and offloading (FPSO) vessel, utilised in the Payara project, has achieved background flare in 39 days, well within the 60-day target outlined in the…
Gov’t to seek proposals to monetise Guyana’s natural gas quickly- President
The government will soon request proposals detailing how Guyana’s natural gas resources can be harnessed and monetised quickly, President Dr. Irfaan Ali announced Tuesday night.
Guyana started producing oil in 2019. That oil is harnessed…
Gov’t makes final 2023 withdrawal from oil fund
See below full release from the Ministry of Finance:
It would be recalled in 2021, Government amended the Natural Resource Fund (NRF) Act to bring greater transparency and accountability in the management of Guyana’s oil resources,…
COP28: The ‘beginning of the end’ for fossil fuels?
By Vishani Ragobeer
vishani@newsroom.gy
This year’s global climate talks, COP28, came to an end on Wednesday with countries agreeing to gradually stop using harmful fossil fuels, though some believe this agreement is not enough to help…
‘Heated’ debate on fossil fuels as COP28 winds down
By Vishani Ragobeer in Dubai
vishani@newsroom.gy
Fossils fuels- the main contributor to the climate crisis- were always going to be the hot topic at this year’s global climate talks in Dubai, COP28, with sweltering temperatures…
‘Guyana isn’t standing on its own’ – Exxon boss says
By Vishani Ragobeer
vishani@newsroom.gy
Chief Executive Officer (CEO) of ExxonMobil Darren Woods says he doesn't believe Guyana is standing on its own in light of increasing aggressions from the Nicolas Maduro government.
He did…
Guyanese investors told to form partnerships in agri, renewable energy ahead of Offshore Tech…
The Georgetown Chamber of Commerce and Industry (GCCI) is gearing up for its participation at the Offshore Technology Conference (OTC) billed for May 2024.
In its preparations, member companies and local investors are urged to pitch…
COP28: Suriname, like Guyana, says its vast forests will be protected as oil sector develops
By Vishani Ragobeer in Dubai
vishani@newsroom.gy
At the northern edge of the South American continent sit two countries, Guyana and Suriname, with vast forest covers and nascent oil and gas sectors. As world leaders meet in Dubai to…
With 7th withdrawal, Gov’t transfers $176.8 billion from oil fund this year
See below full statement issued by the Ministry of Finance:
It would be recalled in 2021, Government amended the Natural Resource Fund (NRF) Act to bring greater transparency and accountability in the management of Guyana’s oil…
CNOOC and Chinese Medical Team donate equipment to GPHC
On November 14, 2023, a quantity of acupuncture and Chinese massage equipment, was donated by the Stabroek Oil Block partner, CNOOC Petroleum Guyana Limited (CPGL), and handed over to the Traditional Chinese Medicine Center at the…