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Despite its smaller scale and heavier crude, the Hammerhead field is still economically viable, according to John Hess, Chief  Executive Officer of Hess Corporation. Hess is ExxonMobil’s partner in Guyana’s prolific Stabroek Block.   The field is expected to produce 150,000...

Guyana’s Attorney General and Minister of Legal Affairs, Mohabir Anil Nandlall has revealed that a draft for the long-awaited Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill has been completed. During the January 7, 2025, airing of his weekly television...

Guyana is projected to receive US$9.2 billion in revenue from oil sales and royalties in 2030, according to a Rystad Energy analysis.  The energy research firm contrasted this with the US$155 million it said Guyana got in 2020 - the...

The 8th proposed Stabroek Block development could target 240,000 barrels per day (b/d) of production, according to Hess Chief Executive Officer, John Hess.  Longtail was confirmed as the next target following Hammerhead last December.  “We're all about bringing value forward so...

Guyana’s Extractive Industries Transparency Initiative (EITI) report for the fiscal year 2022 noted that the counytry's extractive revenues totaled US$1.58 billion (approx. GY$331.52 billion). The oil and gas sector contributed the majority, accounting for $1.49 billion (GY$313.19 billion) or...

Dear Editor, Having now entered the new year, Guyanese are both anxious and hopeful for their financial future. Since the country began producing oil in 2019, many of us have been at the edge of our seats waiting impatiently to...

The Guyana government said an apparent plan by Venezuela to host an election in the Essequibo region is a clear violation of the Argyle Agreement - an agreement the two countries signed in December 2023 to keep the peace.  On...

Since 2015, Guyana has emerged as the global leader in oil discoveries, with unmatched volumes boosting its position in the energy sector, according to Rystad Energy. The Norway-based intelligence company ranked Guyana against 19 other countries. They estimate that Guyana’s...

Stena Drilling continues to prioritize local talent in its offshore operations, with over 100 Guyanese now forming a key part of its crew complement.  Stena’s International Logistics Manager, Richard Wells shared this detail via a LinkedIn video update.  Stena DrillMAX en...

Stuart Young, Minister of Energy and Energy Industries of Trinidad and Tobago, will be the country’s next Prime Minister. He is set to replace Dr. Keith Rowley, who said last week that he will resign from the post ahead...