ExxonMobil Receives Approval For Development of Payara Oil Field
ExxonMobil has received the approval of the new government of Guyana for development of the Payara field, much to the angst of many advocates. Payara is the third project in…
STEM Education Is Not A Fad; “all developing countries are investing in their youth”
For the first time ever, in the history of the world, anyone with access to an internet connection, self confidence, the ability to think critically and to innovate, has the…
Hess CEO ‘optimistic’ new Guyana government will approve project license
(Reuters) – Hess Corp’s HES.N chief executive on Wednesday said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for…
Exxon downsizes global empire as Wall Street worries about dividend
By Jennifer Hiller Thomson Reuters HOUSTON (Reuters) – Ill-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters…
New Asphalt Plant key to Guyana’s infrastructural development
The soon to be operationalised fully-automated asphalt plant will have the capacity to produce 160 tonnes per hour and a storage chamber that holds 40 tonnes. This is in comparison…
Civil Strife Will Drive Investors Away; FDI looks Increasingly Risky
Successful investors master the art of predicting and managing risk and return on investment. Those who seek to invest in foreign countries often weigh the costs of the unknown against…
How Guyana could improve transparency amid oil windfall
(Reprint from https://www.bnamericas.com/) Guyana has a very narrow window to further adopt best practices to ensure long-lasting value from the development of the country’s hydrocarbons resources. So reads an IDB…
Guyana misses latest oil production target
(Republish from https://www.argusmedia.com/) Guyana is producing around 85,000 b/d of crude, 35,000 b/d short of an August target because of a prolonged gas compression issue on the ExxonMobil-operated Stabroek block.…
Guyana borrows $20M USD loan from OPEC Fund to provide COVID-19 support; Bangladesh, Benin, Dominica also benefits
Vienna, Austria, August 24, 2020. The OPEC Fund for International Development (the OPEC Fund) has extended four loans to support COVID-19 response efforts in Bangladesh, Benin, Dominica and Guyana. The…
Stena Carron Drillship Set to Begin Drilling at Kaieteur Block, Offshore Guyana; Deepest Well Yet
(Reprint from https://www.oedigital.com/) U.S. oil major ExxonMobil is set to begin drilling at the Kaieteur Block offshore Guyana, hoping to replicate successes made in the adjacent Stabroek block where it…