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Guyana’s Ministry of Natural Resources has issued a call for consultants to submit proposals for the auditing of recoverable contract costs and validation of profit oil share related to the Stabroek Block operations for the period 2021-2023. Preference will...

Guyana's Vice President Bharrat Jagdeo said the government expects the United States Export-Import Bank (EXIM) to decide on a US$660 million loan request from Guyana in the first or second quarter of 2024. It is meant to support the...

Guyana’s first integrated power plant is not yet ready but the country is already mulling a second, in anticipation of an exponential demand surge. This is according to its President, Irfaan Ali.  “Already, based on our assessment, the power plant...

The first module has been lifted onto the topsides of the ‘ONE GUYANA’ floating production, storage and offloading (FPSO) vessel for the massive Yellowtail development, according to ExxonMobil Guyana President, Alistair Routledge. Providing an update on the US$10 billion project,...

ExxonMobil Guyana President, Alistair Routledge, said the company is writing off its Kaieteur Block expenses, having decided last year to withdraw from the license. In addition to the Stabroek Block, the company operates the Canje block and, up until...

TotalEnergies and offshore drillship operator Vantage Drilling have announced the signing of a binding agreement to establish a new joint venture (JV) aimed at acquiring the Tungsten Explorer drillship from Vantage. Under the terms of the agreement, TotalEnergies will acquire...

Pipeline installation for Guyana’s Gas-to-Energy (GtE) project has significantly progressed, according to new updates provided by ExxonMobil Guyana on Feb. 6.  By the end of the year, Exxon is expected to be ready to bring gas onshore.  The company is responsible...

The total output from Guyana’s Stabroek Block developments sits above 600,000 barrels per day (b/d) currently, surpassing projections set by the operator, ExxonMobil Guyana Limited (EMGL).  “Overall, our production capacity across all three facilities is now at 645,000 barrels per...

Minister for People’s Power for Foreign Affairs of Venezuela, Yvan Gil received letters of credence from Dr. Richard Van West Charles, Guyana’s Ambassador to Venezuela, recently.  The two engaged cordially. A Guyana government release said Ambassador Van West-Charles affirmed the...

Venezuela is set to receive almost half of the income from the Dragon Gas deal with Trinidad and Tobago.  According to a Feb. 3 Reuters article, the terms were outlined in a license, published by Venezuela’s official gazette. “In no...