Saipem, the Italian energy industry services company, has secured offshore oil and gas field construction contracts in Guyana and Egypt worth some US$ 1.2 billion in total
UK's British Petroleum has been awarded a contract to market Guyana's share of oil produced at the Liza Destiny and Liza Unity platforms, reports Oilprice. With 11 billion barrels found to date, Guyana is home to one of the largest oil discoveries over the last decade.
We will demonstrate Guyana's claim is inadmissible, Venezuelan Vice President Delcy Rodríguez said on Thursday to the International Court of Justice in The Hague, which is the United Nations' highest for resolving disputes between states.
The former British colony of Guyana, to the north of Brazil and on the Caribbean has emerged as one of the continent’s top oil producers and is poised to become a leading global energy exporter. Since 2015 an Exxon Mobil-led consortium has made a swathe of high-quality oil discoveries in offshore Guyana in the 6.6-million-acre Stabroek Block, with the latest announced in July 2022. It is estimated those finds have uncovered nearly 11 billion barrels of recoverable oil resources in the Stabroek Block with further oil discoveries to come.
Venezuela's Ambassador to Guyana Carlos Amador Pérez Silva and Labor Minister Joseph Hamilton discussed the status of Venezuelan migrants and possible measures that can be taken to improve their living conditions.
Brazilian President Jair Bolsonaro and his Guyana counterpart Mohamed Irfaan Ali signed a series of cooperation agreements on mutual legal assistance in civil and criminal matters in Georgetown.
Guyana has sold a cargo of one million barrels of its newest crude to ExxonMobil for US$106 per barrel, which was the first share for the government from the newly operational Liza Unity production platform operated by Exxon, according to Tsvetana Paraskova from Oilprice.com.
Exxon Mobil is investing heavily off the coast of Guyana expecting future production of some 1,2 million barrels per day of oil and gas by 2027. According to the company the fourth oil project production off Guyana will receive an investment of US$ 10 billion.
More oil reserves discovered in Guyana, Canada's CGX Energy reported that together with parent Frontera Energy discovered an oil and gas reservoir off the coast of Guyana and anticipated drilling on a second well could begin later this year.
Brazil is betting strongly to become the main player in the development of oil and gas production in its northeast corner, where the state of Amapá shares proximity with French Guiana, Suriname, and Guyana, these two of which are set to become significant players in the hydrocarbons business.