Latest News

ExxonMobil completes US$1.23 billion Prosperity FPSO purchase from SBM Offshore 

ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore. The Dutch FPSO-builder announced...

Guyana government reaffirms that no discussions are underway with CGX

CGX Energy published its 2024 third-quarter financial statements on November 7, during which it said it is the operator of the Corentyne Block. This...

Guyana, Norway have outsized impact on Noble’s backlog profile – CFO

Noble Corporation's Chief Financial Officer Richard Barker discussed the significant influence of its long-term commitments in Guyana and Norway on the company’s backlog profile...

NGC can lend expertise to Guyana, Suriname for gas projects – Chairman

The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in...

Primera to drill three wells at Rio Claro license Block onshore Trinidad

Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has formally commenced the Rio Claro license, it said on November 5.  The six-year...
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Stories beyond the barrel

Crafting success: Guarantee International Crating Inc.’s journey in Guyana’s oil and gas sector

Guarantee International Crating Inc. (GIC Inc.) emerged onto the scene of Guyana's oil and gas sector with a vision to provide reliable and compliant...

Local Content

Regulator approves MODEC’s plan for local content in Guyana through 2028

Guyanese regulators have approved MODEC’s Local Content Master Plan 2024-2028.  The plan outlines MODEC's push to integrate Guyanese companies and nationals into its operations for...

Sponsored Content

Excel Guyana targets workforce development to meet oil & gas demands, sets sights on new manpower division

Excel Guyana Inc. is expanding its workforce solutions to bridge critical skills gaps in Guyana’s oil and gas industry, preparing to launch a new...

Latest News

ExxonMobil completes US$1.23 billion Prosperity FPSO purchase from SBM Offshore 

ExxonMobil Guyana has completed a US$1.23 billion purchase of the Prosperity floating production, storage and offloading (FPSO) vessel from SBM Offshore. The Dutch FPSO-builder announced...

Guyana Oil Ledger

ExxonMobil Guyana reached new monthly production high in September

ExxonMobil is gradually increasing production offshore Guyana reaching an average of 660,000 barrels per day (b/d). Liza 1 and 2 averaged approximately 160,000 b/d...

Energy Insights

CCJ ruling confirms process by which Stabroek co-venturers apply for and are granted project approvals is lawful

By Chevy Devonish In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency...

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Stories Beyond the Barrel

CinNex Inc: Navigating Guyana’s multimedia industry with vision and tenacity

CinNex Inc., a name synonymous with multimedia innovation in Guyana, stands as a testament to resilience, adaptability, and foresight. At the helm of this dynamic company is John Duncan, the Chief Executive Officer (CEO), whose journey from a technical assistant to Chief Executive Officer and co-owner offers valuable insights into the evolving landscape of the multimedia industry in Guyana. Duncan's entry into the world of business was driven by both opportunity and ambition. Reflecting on...

Opinions

Oil sector to require $17.4 trillion investment by 2050 to meet rising demand – OPEC 

The oil industry will need cumulative investments of $17.4 trillion by 2050 to meet growing global demand, the Organization of Petroleum Exporting Countries (OPEC) said in its annual long-term outlook. This translates to an average annual investment of around $640 billion, based on 2024 US dollars. Most of this funding—US$14.2 trillion—is required for upstream activities, averaging US$525 billion annually. The downstream and midstream sectors will need US$1.9 trillion and US$1.3 trillion, respectively, over the same...

Guyana

Business Wire

Sensorion Announces New Positive Secondary Efficacy Endpoints Data From SENS-401 Phase 2a Clinical Trial For The Preservation Of Residual Hearing Loss

MONTPELLIER, France--(BUSINESS WIRE)--Regulatory News: Sensorion (FR0012596468 – ALSEN) a pioneering clinical-stage biotechnology company which specializes in the development of novel therapies to restore, treat and...

Vale, Sir Roderick Carnegie AC – Rio Tinto statement

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto extends its condolences and deepest sympathies to the family of former Conzinc Riotinto of Australia Limited (CRA) Chief Executive, Chairman...
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