A look back - 2018 highlihts

2018 has been an eventful year in the developing oil and gas sector in Guyana.
We take a look at some of the major stories.

Guyana has more barrels of oil per capita than any country...

2
With eight commercial oil discoveries made since 2015 and just two dry holes, Guyana’s success rate stands at a record 80% while the industry...

ExxonMobil makes 10th discovery offshore Guyana

1
US oil major ExxonMobil has made yet another discovery off the Guyana coast at the Pluma well making it a record 10 finds so...

Guyana can become richest corner of the continent

2
(Rigzone) Following Exxon Mobil Corp.’s latest Hammerhead-1 discovery, the company’s ninth discovery offshore Guyana, it’s believed the country will create the greatest value of any...

Guyana oil industry should not be Trinidad’s ‘next meal’ – Persaud

10
Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has shot down a suggestion made over the weekend by Trinidad and Tobago’s...

ExxonMobil strikes oil again in 9th discovery off Guyana coast

2
ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year...

Guyana tops the world in discovered resources for first half 2018

2
Guyana leads the top five countries in the world in terms of total discovered resources added in the first half of 2018, followed by...

New Guyanese recruitment firm eyeing opportunities in O&G

0
100% Guyanese-owned Strategic Recruitment Solutions (SRS) is gearing up to offer a range of manpower services with special focus on the South American country’s...

Business group sounds warning over agreement to be signed between Guyana...

0
A sound warning was issued on Wednesday afternoon by the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana over a reported decision by...

Exxon makes ‘significant’ oil discovery at Ranger-1 offshore Guyana

0
US oil major ExxonMobil announced today positive results from its Ranger-1 exploration well, marking the company's sixth oil discovery offshore Guyana since 2015. The Ranger-1...

Guyana poised to be world’s largest oil producing country per person...

0
Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among...

Guyana oil reserves now exceed 4 billion barrels; daily estimated production...

1
UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of...

Major partnership to see Guyanese receive hands-on FPSO training in Nigeria,...

1
Guyanese will soon begin to receive specialized training to work on Floating Production Storage and Offloading (FPSO) vessels through a Strategic Partnership Venture (SPV)...

15 Guyanese receive training to work on Noble Bob Douglas Drillship

0
A total of 15 Guyanese recently completed courses in Basic Safety Training (BST) and Ship Security Awareness (SSA) as part of the requisite training...

Oil galore in Guyana but not a drop found yet offshore...

0
The Guyana-Suriname Basin is said to contain 13 to 15 billion barrels of oil but so far the basin seems to be tilted in...

Guyanese engineering company enters major agreement with Fugro, WorleyParsons

2
Guyana-based Ground Structures Engineering Consultants Inc. (GSEC) has entered a major agreement with Dutch multinational company Fugro and Australian professional services firm, WorleyParsons for...

CGX contract outlines 53% profit oil, 1% royalty for Guyana

0
The petroleum agreement between the Government of Guyana and Canadian-based CGX Resources Inc. (CGX Energy) stipulates 53 percent profit oil and 1 percent royalty...

ExxonMobil says exploration and development drilling in Guyana unaffected following Venezuela...

0
ExxonMobil said on Wednesday that drilling and development operations offshore Guyana are unaffected by an incident which occurred on Saturday, December 22, in which...

CARICOM pledges “full support” for Guyana after Venezuela navy intercepts ExxonMobil...

0
The Caribbean Community (CARICOM) on Monday evening said it views with grave concern the “reported interception by the Venezuelan navy on Saturday, 22 December...

Guyana ahead of USA and Russia in 2018 oil discoveries

0
Guyana leads the way ahead of industry giants the United States of America and Russia in terms of barrels of oil equivalent (boe) petroleum...

Kanuku and Orinduik are next blocks to watch offshore Guyana

0
Stabroek is the “gift that keeps giving” offshore Guyana, but industry analyst Wood Mackenzie reminds that “it’s not the only block in the country”...

Pact between Guyana and ExxonMobil ‘more than commercial’ in nature

0
The decision by US oil major ExxonMobil to conduct a new 3-D seismic survey on the western portion of the Stabroek Block offshore Guyana...

Exceptional reservoirs in Brazil, Guyana and Mexico will attract the most...

0
The exploration industry has fought its way back to profitability, and is now keen to stay there says industry analyst Wood Mackenzie in December...

‘We will have a SWF long before first oil’ – Trotman

0
Minister with responsibility for petroleum in Guyana, Raphael Trotman, has assured that the South American country will have a fully established and functional Sovereign...

Guyana, Chile to step up cooperation on energy

0
A Statement of Intent for cooperation on energy was on Thursday signed between the Governments of Guyana and Chile.  The signing between Guyanese Foreign...