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Guyana calls Venezuela’s latest move “illegal expansionism” in ramped up appeal to int’l community

The Venezuelan National Assembly's adoption of a law declaring Guyana's Essequibo region as part of Venezuela has been sternly rebuked by the Guyana government. Guyana has appealed to the international community to reject Venezuela's "illegal expansionism" and to support...

Guyana to introduce landmark oil spill legislation this year – VP Jagdeo

The Guyana government will this year table in its parliament, a landmark legislation that will address liabilities and other matters associated with oil spills. This announcement was made on Thursday by the country’s Vice President and chief policymaker for...

Guyana local content head visits KOTUG state-of-the-art tug

KOTUG Guyana, a local subsidiary of KOTUG International, on March 20 welcomed Dr. Martin Pertab, Director of the Local Content Secretariat (LCS), and his team aboard the SD Power, a state-of-the-art Offshore Terminal tug, at the Guyana Shore Base...

Exxon emphasizes safety of pipeline as scores of Guyanese turn up to learn more about gas project     

ExxonMobil’s open day on the West Bank of Demerara in Guyana drew scores of visitors who were eager to ask the company about the progress of its work on the landmark Gas-to-Energy project.  The event, while not mandatory, was held...

All Stabroek Block co-venturers have now joined arbitration fight over Hess stake

All Stabroek Block co-venturers have now filed for arbitration in wake of the 2023 announcement by Chevron that it struck a deal to acquire Hess Corporation. A big part of the deal for the U.S. major is the 30%...

Touchstone’s Cascadura field drives 151% surge in quarterly production

Touchstone Exploration Inc. has released its financial and operating results for the three months and year ended December 31, 2023. The company reported significant achievements and milestones in its annual performance.  In the fourth quarter of 2023, Touchstone said it...

Norway firm forecasts five more FPSO awards for Guyana in five years

Norway-based energy research and business intelligence company, Rystad Energy, expects there to be five new awards for floating production, storage and offloading (FPSO) vessels over the next five years for Guyana.  This was stated in a January 2024 whitepaper South...

Eco Orinduik Block partner could secure 75% stake ahead of campaign targeting 700 million barrels

Eco Atlantic Oil & Gas' Chief Executive Officer (CEO) Gil Holzman says its future partner in the Orinduik Block offshore Guyana could secure as much as 75% stake in the acreage.  Eco is the sole owner of the block but...

MAN Energy to deliver compressor trains for Equinor’s Brazil-bound Raia FPSO

MAN Energy Solutions said it was commissioned by MODEC to deliver eleven RB-type compressor trains for a Brazil-bound floating production, storage and offloading (FPSO) vessel.  Offshore Frontier Solutions Pte. Ltd. a MODEC Group company, was started in partnership with Toyo...

Feb. Data: Production steady at Exxon’s Stabroek Block projects

Data from Guyana’s Ministry of Natural Resources indicates that in the month of February, ExxonMobil’s Liza 1 and 2 developments demonstrated the steadiest output at their respective peak ranges since production began. Payara was also stable with just a...

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Ali in fiery exchange with BBC journalist about Guyana’s oil

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Shakur, on the sidelines...