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+--- Thread: Guyana OIL : news update ! (/thread-43378.html)
Guyana OIL : news update ! - ketchim - 07-29-2020
https://oilnow.gy/featured/guyanas-oil-resources-well-positioned-to-survive-stranded-assets-phenomenon-cgx-head/
[img ]https://oilnow.gy/wp-content/uploads/2020/07/new_guyana-map-042220-01-2-1068x580.jpg[/img]
Guyana OIL news - ketchim - 07-29-2020
Executive Director of CGX (Guyana) Energy, Professor Suresh Narine
says despite the gradual global transition to renewable energy
the demand for oil will remain high in coming years and as such,
Guyana’s multi-billion barrel resources
are well-positioned to survive the stranded assets phenomenon.
[img ]https://oilnow.gy/wp-content/uploads/2020/07/download-2.jpg[/img]
Guyana OIL news - ketchim - 07-29-2020
Guyana is in a particularly favourable state compared to the oil sands in Alberta
or heavy onshore oil in Suriname.
Guyana’s oil is light, sweet crude, at least what has been commercialized to date.”
Professor Narine said this means that the net amount of energy needed
to convert Guyana’s oil into consumer-ready fuels is less.
Guyana OIL : news update ! - ketchim - 07-29-2020
https://oilnow.gy/featured/liza-production-to-hit-peak-in-august-as-water-and-gas-injection-come-online-hess/
Liza production to hit peak in August as water and gas injection come online
ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online
at its Liza Phase 1 Development located 120 miles offshore Guyana at the Stabroek Block
This will see production climb to its peak of 120,000 barrels of oil per day in August ~
Guyana OIL : news update ! - ketchim - 07-29-2020
Hess Corporation says the focus this year is on execution and the more than 3.2 billion barrels of oil
discovered off the Guyana coast is playing a key role in that regard.
John Hess, Chief Executive Officer of Hess Corporation
[img ]https://oilnow.gy/wp-content/uploads/2018/04/920x920-920x580.jpg[/img]
Guyana OIL : news update ! - chairman - 07-29-2020
spend it on the people
Guyana OIL : news update ! - ketchim - 07-29-2020
https://oilnow.gy/featured/as-guyana-prepares-to-lift-its-3rd-oil-cargo-new-four-month-supply-glut-looms/
By OilNOW July 29, 2020
Guyana will lift its third million-barrel oil cargo next week
just as the upcoming partial return of curtailed OPEC+ oil production from August
is set to create a new four-month supply glut of around 170 million barrels.
Rystad Energy said in a new analysis that after the first five months of 2020
which all registered excess global oil production compared to market demand
June was a month when global stocks saw some relief of 2.2 million barrels per day (bpd)
of implied oil inventory draws.
July, the last month of OPEC+’s record 9.7 million bpd output curtailment commitment
is also set to end with demand surprisingly exceeding supply by 1.9 million bpd.
Guyana OIL : news update ! - ketchim - 07-29-2020
chairman post=383712 Wrote:spend it on the peopleThe payments are in a Trust account in the USA ?
NO government in Guyana !
Guyana OIL : news update ! - ketchim - 08-01-2020
https://guyanatimesgy.com/delayed-elections-results-will-cost-guyana-on-payara-project-exxon-warns/
“Everything we and the partners can do to progress Payara on schedule, we are doing and we’ve done…
We need to be ready to move as soon as the Government is ready and we are ready.
We need an approved development plan
and that approved development plan needs to come from the Government
…It’s very important that we have this development so that that we can FID
(Final Investment Decision) within September timeframe.
There are weather conditions that if you miss a certain window it could result in delay of some months,”
Exxon VP reiterated.
Guyana OIL : news update ! - ketchim - 08-01-2020
“We’re waiting for a resolution like everybody else of the election…
What we know is that all parties in Guyana want to progress this development.
Of course, we’re in regular contact with both President Granger and the APNU/AFC coalition
and we’re also in discussions with the PPP and Dr Irfaan Ali…
What we continue to stress to the Government is that if the project does get delayed,
it’s a loss of value to the country.
It’s very, very clear. The Government understands that "
the Exxon official positioned.