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Guyana gov’t disagrees with Court on Exxon’s insurance obligations for offshore operations

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The Guyana government and the Environmental Protection Agency (EPA) are set to appeal a recent Guyana Supreme Court ruling that determined that the EPA and ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), breached the terms of the...
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Report assigns 1 billion boe of prospective resources for Eco Atlantic in Block 3B/4B off South Africa

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Eco (Atlantic) Oil & Gas Ltd. recently announced that RISC Advisory (UK) Limited, an independent oil and gas advisory firm, has estimated the total Unrisked Gross P50 Prospective Resources at approximately 4 billion barrels of oil equivalent (BOE) in...
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500+ million barrels already pooled for Total’s potential Suriname development

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TotalEnergies CEO Patrick Pouyanné has announced that 2023 is set to be a big year for Suriname, as the company looks to consolidate its oil pool offshore. Speaking about the company's activities, Pouyanné explained that an appraisal well is...
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bp nets US$8.2 billion in Q1 profits

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London-based bp reported a dip in its first quarter profits after raking in big bucks in 2022 because of the Russia-Ukraine war. Bp said it earned US$8.2 billion in Q1 profits, down from US$10.8 billion in the last quarter.  Its...
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ExxonMobil’s advantaged assets in Guyana, Permian Basin pushing it well ahead of competition

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With prime assets in Guyana and the Permian Basin supporting a multi-billion dollar balance sheet each quarter, Chief Executive Officer (CEO) and Chairman of ExxonMobil Corporation, Darren Woods said his company's performance remains rock-solid and well ahead of the...
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Georgetown, Louisiana businesses to explore partnerships

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The Georgetown Chamber of Commerce & Industry (GCCI), a key private sector group in Guyana, signed a Memorandum of Understanding (MOU) with the South Louisiana Economic Council (SLEC) at the Annual Offshore Technology Conference in Houston, Texas. This move,...
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Revision of Liza development plan complete – Jagdeo

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Guyana's Vice President Dr. Bharrat Jagdeo said April 27 that the review of the field development plan for the Liza project has been completed, to give effect to the Gas-to-Energy (GTE) project.  “The field development plan for Liza has been...
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Uaru development to be first use of TechnipFMC’s Subsea 2.0™ system by ExxonMobil

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Oil and gas engineering firm TechnipFMC has been awarded a large contract to provide the subsea production system for ExxonMobil Guyana's Uaru project. The contract covers the supply of 44 subsea trees, 12 manifolds, and associated equipment. This is the...
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UPDATE: Venezuela Chamber meeting was courtesy visit – GO-INVEST

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Guyana Office for Investment (GO-INVEST) said Tuesday that a meeting held with the Venezuela Chamber of Petroleum was merely a courtesy visit with no substantive outcome at this juncture.  GO-INVEST had posted about the meet which occurred on April 1...
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Dutch FPSO builder SBM Offshore in 10-year maintenance deal with Stabroek Block operator

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SBM Offshore has announced a new 10-year Operations and Maintenance Enabling Agreement with ExxonMobil Guyana, for the operations and maintenance of floating production, storage and offloading (FPSO) vessels Liza Destiny, Liza Unity, Prosperity and ONE GUYANA.  This agreement has set...
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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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