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Exxon launches countrywide “Big Red Bus Tour” with GY$10M in giveaways

ExxonMobil Guyana on Saturday, January 27, launched “The Big Red Bus Tour” aimed at boosting community engagement. Part of it was a GY$10 million giveaway competition, with an MG car as the grand prize. Local artistes, Poonam Singh, Jackie Jaxx...

ExxonMobil files lawsuit to block push by investors for stricter emissions targets, says agenda ‘extreme’

Exxon Mobil Corp. has taken an unprecedented legal step to thwart a shareholder vote on more stringent emissions targets set for its May meeting.  Filing a lawsuit in a Texas court, the oil giant is challenging a proposal by investors,...

Guyana oil production peaked at 589,000 b/d in December 2023 

The Stabroek block in Guyana produced 589,000 barrels on December 26, 2023 from three projects - Liza 1 (155,000 barrels), Liza 2 (253,000 barrels), and Payara (181,000 barrels).  This marks the highest total production from the Stabroek block, thanks to...

Guyana publishes final model contracts for new licensees 

Guyana’s Ministry of Natural Resources published the final model contracts to be awarded to winners of its first offshore licensing, on Jan. 26.  The contracts are expected to be applied to eight blocks - two deep water and five shallow...

Biden withholds approvals for new LNG gas export projects

The U.S. government has announced a temporary halt on new gas export projects pending a thorough evaluation of their economic and environmental implications. The decision, outlined in a statement by President Joe Biden on Jan. 26, is aimed at...

Tullow Oil plc anticipates robust free cash flow generation in 2024

Tullow Oil released a statement ahead of its 2023 full year results, highlighting its operational and financial performance in 2023 and outlining its outlook for 2024. During 2023, Tullow achieved a full-year working interest production average of approximately 63,000 barrels...

OMNI Helicopters hits one year mark, over 50,000 passengers transported for Exxon’s Stabroek block operations 

Since its first flight on Jan. 1, 2023 - six weeks ahead of schedule, OMNI Helicopters Guyana Incorporated (OHGI) has built a resilient team with 60 Guyanese in its employ.  Hitting the one-year existence mark, OHGI boasted of conducting 2,300...

Guyana, Venezuela continue to pursue good relations after Brasilia talks 

Guyana's Vice President Bharrat Jagdeo said his country has to have a relationship with Venezuela beyond the Essequibo border controversy, and that this is being pursued through the Argyle Declaration. His remarks, made during a Jan. 25 media conference,...

45 Guyanese companies graduate CLBD’s HSSE Management System Mentorship Programme 

The Centre for Local Business Development (CLBD), through the support of the Greater Guyana Initiative (GGI), plays a critical role in helping Guyanese companies understand and access increasing opportunities in the oil and gas industry, while improving their overall...

Gas-to-Energy contractor on hiring drive ahead of Q2 construction start 

LNDCH4 Guyana, the joint venture between CH4 and Lindsayca, has kickstarted a hiring drive in Guyana as it gears up for the construction of an integrated facility as part of Guyana’s Gas-to-Energy project. This facility, a cornerstone of Guyana's...

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Explained: How oil resources become reserves in the Stabroek Block

Oil and gas discoveries at the ExxonMobil-operated Stabroek Block are estimated to hold approximately 11 billion barrels of oil-equivalent....