Monday, February 6, 2023

Latest News

Exxon cops OTC award for Liza developments offshore Guyana

The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso Exploration and Production Guyana Limited’s...

2022 was standout year for exploration – WoodMac

UK-based consultancy group Wood Mackenzie has dubbed 2022 a standout year for exploration – the strongest in more than a decade. The global exploration sector,...

OPEC expects Guyana to up 2023 crude production by more than 90,000 bpd

The Organisation of Petroleum Exporting Countries (OPEC) expects Guyana to add about 90,000 barrels of crude per day (bpd) to its current output, according...

TT Energy Expert urges cautious approach to Dragon Gas Deal

Energy Strategist and Advisor Anthony Paul has urged Trinidad and Tobago to get its proverbial ducks in order before approaching the Dragon gas deal...

Exxon made US$56 billion last year. So, what?

ExxonMobil made a US$55.7 billion profit in 2022. That is a huge number. So, when Guyanese media outlets report on the oil major’s earnings,...

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Local Content

Food supply to FPSOs could generate up to US$30M annually for Guyanese consortium – Dr. Pertab

Efforts by authorities in Guyana to establish a consortium of caterers for three of the nation’s floating production, storage and offloading (FPSO) vessels operating...
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Latest News

2022 was standout year for exploration – WoodMac

UK-based consultancy group Wood Mackenzie has dubbed 2022 a standout year for exploration – the strongest in more than a decade. The global exploration sector,...

Energy Insights

Guyana goes after reforms to modernise oil sector

In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and...

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Exxon made US$56 billion last year. So, what?

ExxonMobil made a US$55.7 billion profit in 2022. That is a huge number. So, when Guyanese media outlets report on the oil major’s earnings, many locals are quick to assume that these earnings are Esso Exploration and Production Guyana Limited (EEPGL)’s earnings, instead of ExxonMobil – the multinational oil and gas corporation.     This sort of thing happens when the earnings of many of the leading international oil companies (IOC) and service companies operating in...
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