Guyana Government Accepts PSAs for Offshore Exploration Guyana’s government has accepted production sharing agreements (PSAs) with multiple energy companies for the exploration of five offshore oil and gas blocks, reported Reuters, citing the energy ministry. Companies Involved in the Agreements The companies that have reached agreements include Cybele Energy, Delcorp, International Group Investment, Petronas, Qatar Energy, and TotalEnergies. Exploration of Shallow and Deep Waters These agreements are crucial for the exploration of new offshore areas in both shallow and deep waters. This development follows a 2022 tender that attracted bids for eight blocks as part of efforts to diversify Guyana’s...
The Surprising Small Nation with World-Leading Economic Growth
Ever wondered which country holds the title for the fastest-growing economy in the world? It may come as a surprise, but the frontrunner in recent years is a small nation that many are unfamiliar with. Guyana, located in South America, is projected to experience an astounding 42.8 percent economic growth in 2024, up from the impressive 33 percent growth it achieved last year. This growth rate is one that most industrialized nations and emerging economies in the Far East can only aspire to. According to Bloomberg, Guyana’s President, Mohamed Irfaan Ali, has revised his annual growth projections upward, anticipating increased...
OES and AMSI form new Joint venture in Guyana
Ocean Edge Services ( OES ), a U.S.-based offshore and onshore service provider, has partnered with Guyana’s Atlantic Marine Supplies ( AMSI ) to form a new joint venture ( JV ) and corporation in Guyana, called Ocean Edge Services ( Guyana ) Inc. Described by the U.S. player as an expansion of a three-year working relationship with AMSI, the new entity formalizes the joint venture between the two companies. Based on current plans, the corporate headquarters will be built within six months in Georgetown, Guyana, to offer services to the country’s booming oil and gas industry. Raouf Hadad, OES...
ExxonMobil’s in Guyana enables Strohm largest pipe deal
Dutch thermoplastic composite pipe (TCP) technology player Strohm has picked up the largest commercial award for pipe supply in its 16-year history, thanks to a new contract for an oil development off the coast of Guyana with ExxonMobil Guyana Limited, a subsidiary of the U.S.-headquartered energy giant ExxonMobil. The Netherlands-based manufacturer’s latest TCP ‘jumper on demand’ contract is for the supply of TCP for the Whiptail development, which is ExxonMobil’s sixth project in the Stabroek block offshore Guyana. A final investment decision (FID) to develop the project was made at the end of last week upon the receipt of all regulatory approvals. Strohm’s new contract brings the project...
Oil block in Guyana awarded to Cybele Energy Limited
Ghanaian oil company Cybele Energy Limited is among six firms that have been awarded oil blocks in Guyana. The South American country opened bids for 14 offshore oil blocks available for exploration and development in December 2022, in a bid to ramp up its oil production. Six companies and groups submitted bids for the available blocks after the bidding process was postponed three times to provide more time for interested parties to evaluate the blocks’ data. After completing the evaluation of the bids submitted for eight of the 14 oil blocks, the Government of Guyana awarded eight of the blocks...
Cybele Energy Ltd Partners with GWCL for Site Visit
Cybele Energy, in collaboration with its esteemed partners, recently conducted a site visit to the Ghana Water Company Limited (GWCL) water treatment plant located in Koforidua, Eastern Region. This visit underscores our commitment to supporting and enhancing critical infrastructure projects that contribute to sustainable development and improved quality of life. A Collaborative Effort The visit was made possible through the dedicated support and cooperation of GWCL leadership, both at their headquarters and the Koforidua facility. Their efforts in facilitating this site visit were instrumental, showcasing their dedication to maintaining and improving the region’s water treatment capabilities. Exploring New Horizons During...
CEO of Cybele Energy limited advice young women
Mrs. Beatrice Jones Mensah Tayui, the CEO Of Cybele Energy limited has advised young women to back whatever they do up with substance and make sure to stay knowledgeable. ‘You must back it up with substance and the tense to be this rush to becoming something that you don’t even understand and especially to young women your equity is up here (pointing to her brain) and so if you are able to make sure that you stay knowledgeable’ she passionately said in an interview on the Daakye Kanea Leadership Podcast. She continued by saying that, anything fancy will come to...