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An ExxonMobil-led liquid natural gas (LNG) development could be a possibility, with further assessment of what lies in Guyana’s Stabroek Block. That point was made by Exxon’s Vice President of Global Exploration, John Ardill during a recent discussion with...

Staatsolie announced that after the signing of production sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V., nearly 46% of Suriname's offshore area is now under contract.  PetroChina, a subsidiary of China National Petroleum Corporation (CNPC), obtained...

ExxonMobil Guyana Limited (EMGL) has put on record that no crude produced in the Stabroek Block is utilised for its operations there.  The Friday afternoon statement from Exxon sought to clarify a local media report that questioned how many barrels...

ExxonMobil and its co-venturers, Hess and CNOOC, are set to add US$19 billion to their cost recovery bank, in addition to the approximately US$7 billion that remains to be recovered from existing investments in the prolific Stabroek Block offshore...

The United States Export-Import Bank (EXIM) is working to take a loan request from Guyana for US$646 million, to its Board in October. This is according to the country’s Vice President, Bharrat Jagdeo.  The funding is being pursued in support of...

Staatsolie, Suriname’s state oil firm, has announced plans to issue bonds in 2025 as part of its strategy to finance participation in the first offshore oil production field in Block 58. The company is entitled to a maximum 20%...

Former Norwegian Environment Minister Erik Solheim has condemned calls for Guyana to stop producing oil from persons in veteran oil producing countries. Solheim said that people from such nations, including the United States, should not dictate to Guyana or...

Halliburton has submitted a US$1.88 million bid to the National Procurement and Tender Administration Board (NPTAB) of Guyana, aiming to secure a contract for data management services for the country's oil and gas exploration and production operations. The company...

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...