Guyana Oil and Gas News

By Arthur Deakin The International Energy Agency (IEA) recently set out a narrow roadmap for the world to reach net-zero carbon emissions by 2050.

The International Energy Agency (IEA) recently warned that exploration and development of new oil and gas fields must stop this year if the world is to reach net-zero emissions by 2050.

Over 1,000 persons have been interviewed over the last two days for 150 oil and gas jobs at the Guyana Shore Base Inc (GYSBI).

Introduction Today’s column focuses on the third and fourth broad areas of coverage related to the Buxton  Proposal, as indicated in my first column on this topic two weeks ago.

US oil major ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels. 

ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barrels. 

Even as it expands its services and has applied for permission from the Environmental Protection Agency (EPA) to set up a medical lab in Kingston, Georgetown, United States-headquartered remote medical services provider, RemoteMD, has come under fire for the disparity in pay for locals.

Frontera Energy Corporation on Friday disclosed that it has entered into a term sheet for a US$20 million rights offering bridge loan that will enable CGX Energy to continue to fund its share of costs related to the Corentyne, Demerara and Berbice blocks, the Berbice Deepwater Port, and other budgeted costs in Guyana.

The EPA on Friday said that no Environmental Impact Assessment (EIA) is required for a 12-well oil exploration programme in the offshore Kaieteur Block.

Part 1 Introduction In this week’s column I start my effort to re-address the Buxton Proposal.

The US oil company ExxonMobil is in the process of further deepening its footprint in Guyana by seeking to move a greater volume of its services from Trinidad and Tobago to Guyana, according to an Oil Now report.

UK oil company Tullow Oil last week disclosed that while it will be focussing its exploration expertise on unlocking additional value from the company’s asset base, it is also limiting its capital exposure in Guyana and Argentina.

Guyana will get a total of five lifts of one million barrels of oil this year and not the anticipated six after production was scaled back earlier this year due to the flash gas compressor problems aboard the Liza Destiny FPSO, according to Minister of Natural Resources Vickram Bharrat.

Introduction Today’s column concludes the mini-series discussion of the three texts, which I have indicated has had an immense influence in shaping my understanding of, and providing insights into, the rapidly evolving global energy dynamic.

WASHINGTON,  (Reuters) – U.S. Democratic lawmakers today asked the chiefs of four major fossil fuel companies and two lobbying groups to testify next month on whether the industry led an effort to mislead the public and prevent action to fight climate change.

Already coming out with the best responsive bid during evaluation for the one-year contract to market Guyana’s oil, Saudi Arabian company, Aramco Trading Limited, was also awarded the single-lift slated for this month to avoid this country having to forfeit its one million barrels of crude, Minister of Natural Resources Vickram Bharrat says.

ExxonMobil’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL) has been given approval to flare for a third time but will have to pay US$45 per tonne of carbon dioxide equivalent.

Introduction In Apocalypse Never, Michael Shellenberger displays great personal courage in admitting to his intellectual dishonesty up till then.

The Liza Unity Floating Production Storage and Offloading (FPSO), which has begun its voyage to Guyana from Singapore, has been awarded a SUSTAIN-1 notation by the American Bureau of Shipping (ABS).

HOUSTON,  (Reuters) – Exxon Mobil Corp today said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers.