News

The Guyana government published payments received in the Natural Resource Fund (NRF) in the final quarter of 2022 (October-December), revealing that the final profit oil lift sold in December returned US$83.808 million.  In December, US$207.6 million was also withdrawn as...

ODITC – the 3T EnerMech OPITO Training Centre of Excellence is planning to introduce a new course in collaboration with the Guyana government, on basic oil and gas safety training for Guyanese looking to pursue careers in the sector. Alan...

ExxonMobil’s Fangtooth discovery is being targeted for the seventh development offshore Guyana at the prolific 6.6 million acres Stabroek Block. The magnitude of the reservoir is likely to facilitate a standalone Floating Production Storage and Offloading vessel.  This disclosure was...

Guyana’s Environmental Protection Agency (EPA) has announced that the 300 megawatts (MW) natural gas power plant is exempt from the requirement to conduct an Environmental Impact Assessment (EIA). It made this decision on the basis, it said, that the proposed...

Chevron Corp. and ExxonMobil – two of the biggest oil and gas majors on the globe have been pulling the plug on mega international projects to focus attention on more lucrative ventures in the Americas. The Wall Street Journal is...

With construction for Guyana’s Gas-to-Energy (GtE) project set to begin this year, the government is moving to put associated infrastructure in place. Among these is the Guyana National Control Centre (GNCC) and smart grid project. For phase 1 of...

TotalEnergies made an additional hydrocarbon find while appraising its Isabella discovery (P1820) in Block 30/12d-12, located in the Central North Sea of the UK Continental Shelf. This was reported by its partner in the license, Ithaca Energy. Hydrocarbons were encountered in...

SBM Offshore said it had another successful year in Guyana in 2022. In a video published on its Facebook page, the company said it achieved major milestones including the start-up of the Liza Unity floating production storage and offloading...

By Ronald Taylor  With over 75% of its population living on the coastland of about 1.5 meters below sea level, Guyana continues to face the brunt of rising sea levels. The coastland holds significant value and is protected by sea...

S&P Global has determined that six discoveries made in Guyana’s Stabroek Block, are among the 12 most valuable oil discoveries made in 2022. In descending order, these are Lau Lau-1, Seabob-1, Barreleye-1, Fangtooth-1, Kiru Kiru-1 and Sailfin-1. They were ranked...