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Oil & Gas

34 companies submit expressions of interest to market Guyana’s crude oil

Thirty-four companies on Tuesday submitted expressions of interest (EOIs) to sell Guyana’s oil exports over a period of 12 months. The EOIs were opened by the National Procurement and Tender Administration Board. Already, the Ministry of the Presidency’s Department of Energy has said the company that wins the bid to market Guyana’s crude will not enjoy an automatic right of ...

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Guyana’s oil revenues will decline in short term; ExxonMobil won’t stop production in Guyana

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...

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OPINION: Political dogfight is over (cheap) oil

By GHK Lall We reach for a mirage, we clutch at straws, we sprawl before the world. In my estimation, Guyana’s political junkyard dogfight is all about power. I am unmoving that ascending to power provides the first access to the feverishly desired control and dissipation of that opulent oil ocean out there within this country’s borders. Though those are ...

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Wholly-owned Guyanese oil and gas recruitment company making major inroads; complies with international maritime labour standards

The 100 percent-owned Guyanese recruitment company, Pandora Energy, says it has made significant progress in hiring Guyanese to work on vessels associated with the exploration and production of oil in Guyana and several other countries, after initially experiencing stiff foreign competition. “For some time, we found it difficult to secure contracts to provide manpower services to the offshore clients operating ...

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GuyTIE 2020 participants benefit from capacity building workshops

Over 50 businesses participating in the upcoming Guyana Trade and Investment Exhibition (GuyTIE) 2020 scheduled for May, 2020, benefitted from capacity-building sessions in the key areas of trade facilitation and corporate social responsibility (CSR) over the course of three days. CSR is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. CSR ...

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Guyana to sell 5 million barrels of oil in 2020 -energy chief

Guyana is this year expected to lift and sell five million barrels of crude oil being extracted from the Liza-1 well from the ExxonMobil-led consortium under the banner of Esso Exploration and Production Guyana Limited (EEPGL), Director of government’s Department of Energy, Dr Mark Bynoe said Tuesday. “I am happy to say that Guyana is entitled to approximately five million ...

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