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Guyana’s largest shore base facility secures major loan for massive expansion plan
Taken from OilNOW Guyana’s largest oil and gas port facility, Guyana Shore Base Inc. (GYSBI) has secured a US$10 million bridge loan from NCB Merchant Bank out of Trinidad and Tobago. With the bridge loan in hand, GYSBI now has the greenlight to secure further financing to advance its planned expansion, pegged somewhere around nine […]
Exxon’s biggest discoveries in Guyana to date
Taken from OilNOW ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit pay in 2015 after making its first discovery at Liza 1. It is now 2022 and the company has made 33 discoveries amounting to approximately 11 billion barrels of oil equivalent resources. The […]