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The U.S. Department of Energy (DOE) announced the purchase of more than 3.4 million barrels of crude oil for the Strategic Petroleum Reserve (SPR) following contracts awarded for delivery to the Bryan Mound site from January through March 2025.  This...

Training initiatives for Guyana’s oil and gas sector have seen an investment of US$8.6 million, according to the recently released Mid-Year Report from the Ministry of Finance.  Labor scarcity in Guyana’s market is a known issue, especially in the oil...

Cost recovery continues to be accelerated for Stabroek Block operator ExxonMobil and co-venturers Hess and CNOOC, surpassing US$25 billion at the halfway point of 2024. According to Mid-Year data from the Guyana government, oil exports from the block have...

ExxonMobil Guyana Limited is seeking qualified consultants to support its ongoing environmental and socioeconomic assessments through a new services agreement. The consultants will be tasked with monitoring, assessing, and managing environmental and social risks related to the company's offshore...

ExxonMobil's gas exploration efforts in August were a key focus in oil and gas upstream activities, according to a recent report from Rystad Energy. The U.S. supermajor achieved success with the completion of its non-operated Sloanea-2 appraisal well on...

Professor Paloma Mohamed, Vice Chancellor of the University of Guyana, supports the government’s plan to provide free university education but stresses that quality must not be compromised. As Guyana experiences rapid economic growth driven by oil and gas, she...

The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on September 5, during which the eight...

ExxonMobil’s two latest developments offshore Guyana – Uaru and Whiptail, have surpassed Yellowtail as the largest investments in the country’s history. Each of these projects has an estimated development cost of US$12.7 billion. Yellowtail is estimated to cost US$10 billion....

As of September 2, 2024, 23,800 km² has been explored in the ongoing Suriname Seep Survey, a collaboration between Staatsolie, GeoPartners Limited (UK), and TROIS GeoConsulting (Netherlands).  The research, according to Staatsolie, aims to detect natural oil and gas leaks...

ExxonMobil Guyana is progressing with developmental drilling at the Yellowtail well site in Guyana's Exclusive Economic Zone. According to Guyana's Maritime Administration Department (MARAD), the Noble Tom Madden is leading the operations, which are expected to conclude by October 31. The...