Guyana Archives - Panorama Insurance Brokers

For Guyana ‘light is right’ – the crude quality of choice

The following is an opinion piece by Arthur Deakin, Analyst at Americas Market Intelligence (AMI) where he conducts political, economic, and other risk analysis activities for the mining, energy and infrastructure sectors in both Latin America and Africa. Arthur Deakin Starting in January 2020, the International Maritime Organization required ships to reduce sulphur emissions by 80… Read More

Dreams of oil riches and prosperous times could be dashed when expectations are unrealistic

Transforming billions of barrels of oil resources deep beneath the surface into cash in hand which can be used to directly benefit a country and its people comes with a multitude of challenges, which if overlooked, can see the initial euphoria from the promised oil riches lead to disappointment and anger. “The mere mention of… Read More

Guyana government mulling overseas training in oil and gas for ‘hundreds of the brightest students’

Authorities in Guyana are looking to build a local group of core professionals that would ultimately take over the management of the oil and gas sector. This could see hundreds of Guyanese students being sent overseas to acquire the requisite skills so that they can return to take up key positions in the new oil… Read More

CGX Energy gets 1-year extension on deadline to drill Guyana well

CGX Energy has been granted a one-year extension on its schedule to drill a well on its Corentyne block offshore Guyana. The company along with Joint Venture (JV) partner Frontera Energy Corporation said Friday discussions with the Guyana government were constructive, leading to the rescheduling of their work programme. “The Joint Venture has remained committed… Read More

Oil Plus looking to bring North Sea experience to South America’s newest crude producer

Rockway Oilfields Services (ROS) has entered a strategic alliance with global oil and gas support company, Oil Plus Ltd, to provide oilfield solutions in the areas of Production Chemistry and Microbiology, Maintenance and Asset integrity and Process Engineering solutions. Founded in 1978, Oil Plus specialises in providing solutions for Produced Water Treatment, Injection and Production Chemistry issues…. Read More

High costs of transitioning to renewables give Guyana more time to monetize oil – AMI Analyst

Despite the economic attractiveness of Guyana’s oil sector, the Inter-American Development Bank (IDB) recently issued a warning that the nation’s window of opportunity to properly govern the industry as well as monetize its resources in an efficient manner is “very narrow” especially when one considers the fact that the world is transitioning to renewable energy…. Read More

Energy, infrastructure take centre stage in high-level Guyana, Brazil meeting

Guyana’s President, Dr Irfaan Ali on Thursday announced an amplification in bilateral relations between Guyana and Brazil after a meeting among high level government officials from both countries, the Office of the President said in a press statement. The Guyanese President, who returned this morning from Suriname after a four-day official state visit said that… Read More

Maduro seeking meeting with T&T gov’t officials, report says

The Government of Venezuela has invited Trinidad and Tobago (T&T) Government officials to a meeting to discuss matters between the two countries, the Trinidad and Tobago Guardian reported on Wednesday. According to the Guardian, the request was made by President Nicolas Maduro and was confirmed by Venezuela’s Foreign Minister, Jorge Arreaza. “On the instructions of… Read More

Bulk of oil supply next 20 years will come from ‘advantaged barrels’ – Guyana now has over 9 billion

Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040. UK-based global energy group Wood Mackenzie says exploration will be critical in meeting this future demand. While doubters see a world of risk, declining demand, enormous existing resources, and a supply pecking order… Read More

Guyana is now the destination of choice for oil and gas companies, investment chief says

Investors and governments from around the world have been discussing various opportunities with Guyanese authorities in recent months that could potentially see hundreds of billions of dollars being plugged into South America’s newest oil and gas hotspot. Chief Executive Officer of the Guyana Office for Investment (G-Invest) Dr. Peter Ramsaroop has disclosed that several companies… Read More