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Top related persons:
Bharrat Jagdeo - 1 Sabrina Valle GEORGETOWN - 1 Jagdeo - 1 Abdulaziz bin Salman - 1 Haitham - 1 Meghan Macdonald - 1 Kiana Wilburg - 1 Sabrina Valle - 1
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REUTERS - 1 Organization of - 1 Petroleum - 1 OPEC - 1 The - 1 Natural Resources - 1 Street - 1 Exxon Mobil Corp - 1

Search resuls for: "Meghan Macdonald"


3 mentions found


☆ Guyana not interested in joining OPEC, VP says
  + stars: | 2023-06-26 | by ( Kiana Wilburg | ) www.reuters.com   time to read: +2 min
[1/2] Guyana's Vice President Bharrat Jagdeo poses for a photo during an interview with Reuters in Georgetown, Guyana, February 16, 2022. REUTERS/Sabrina ValleGEORGETOWN, June 26 (Reuters) - Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators. The Wall Street Journal reported on Monday that Saudi Arabia's energy minister, Abdulaziz bin Salman, and Haitham al-Ghais, OPEC's secretary-general, have invited Guyana to join the cartel. Guyana is planning an oil auction within a couple of months in hopes it can bring in other oil and gas companies. "We are committed to responsibly developing the resources offshore Guyana to maximize value for all stakeholders, including the government and people of Guyana," said Exxon spokesperson Meghan Macdonald in response to questions about the country and OPEC.
Persons: Bharrat Jagdeo, Sabrina Valle GEORGETOWN, Jagdeo, Abdulaziz bin Salman, Haitham, Meghan Macdonald, Kiana Wilburg, Sabrina Valle, Julia Symmes Cobb, Sandra Maler Organizations: Reuters, REUTERS, Organization of, Petroleum, OPEC, The, Natural Resources, Street, Exxon Mobil Corp, Exxon, Thomson Locations: Georgetown, Guyana, American, Vienna, Saudi
☆ Exclusive: Guyana aims to reclaim, offer 20% of Exxon oil block
  + stars: | 2023-02-17 | by ( Sabrina Valle | ) www.reuters.com   time to read: +5 min
The group's contract allows Guyana to reclaim unexplored portions this year, Jagdeo said in an interview from the country's capital. Guyana is pursuing a multi-pronged strategy to lessen the consortium's grip on the country's oil resources, Jagdeo said, and spur new oil production. The decision to reclaim existing Exxon blocks signals urgency to speed development. Guyana also has development areas outside the soon-to-be-auctioned 14 blocks, and is prepared to offer them to "these countries on a bilateral level." The PSA draft will go through public consultation through March 8 and is expected to be finalized before an April 14 auction, Jagdeo said.
☆ EXCLUSIVE Exxon boosts Guyana oil output, undecided on future auction bid - source
  + stars: | 2022-09-20 | by ( Sabrina Valle | ) www.reuters.com   time to read: +3 min
An Exxon-led consortium discovered oil in the deep waters off Guyana's coast, launched first production in 2019 and now controls all output in the tiny nation. Those finds have turned Guyana into an emerging oil power with an estimated 11 billion barrels of recoverable oil discovered so far. But Guyana, which lacks the financial power to develop its natural resources by itself, has struggled to decide how to distribute oil properties outside of Exxon's blocks. It did not say when the new terms would be released, but stressed they will not replace Exxon's current deal. Guyana currently keeps less than 15% of the oil proceeds with the Exxon's consortium keeping the rest while also paying for costs of building the country's oil infrastructure.
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