Tag: Guyana

• Friday, April 7th 2023 - 10:07 UTC

  New ICJ ruling against Venezuela in Essequibo case

  

  The Venezuelan administration of President Nicolás Maduro was dealt another international setback Thursday when the International Court of Justice (ICJ) on Thursday turned down new objections filed by Caracas regarding the territorial dispute with Guyana over the oil-rich Essequibo.

• Friday, December 16th 2022 - 12:51 UTC

  Italian contractor to build oil offshore structure, 2,000 meters deep in Guyana's profitable Stabroek block

  

  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

• Tuesday, November 29th 2022 - 10:19 UTC

  BP awarded contract by Guyana to market its share of oil from two platforms

  

  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.

• Friday, November 18th 2022 - 09:56 UTC

  Venezuela after Guyana's oil claiming border dispute in The Hague

  

  “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.

• Wednesday, October 5th 2022 - 13:30 UTC

  Guyana expected to deliver 810,000 bpd of light sweet crude by 2025

  

  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.

• Thursday, September 29th 2022 - 10:01 UTC

  Guyana to offer training to unskilled Venezuelan migrants

  

  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.

• Saturday, May 7th 2022 - 10:27 UTC

  Bolsonaro makes trip to Guyana to expand business opportunities

  

  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.

• Tuesday, April 26th 2022 - 09:43 UTC

  Guyana's first million barrels sale from the Liza Unity production platform

  

  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.

• Wednesday, April 6th 2022 - 09:44 UTC

  Massive investments in Guyana's oil and gas industry by Exxon-Mobil

  

  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.

• Thursday, February 3rd 2022 - 09:33 UTC

  Further oil and gas discovery off the coast of Guyana

  

  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.