Unbothered seems to be the position of ExxonMobil Guyana Limited (EMGL) in response to the recent grandstanding by Venezuela - the Nicolas Maduro-led nation laying claim to two-thirds of Guyana’s territory.
Irked by the news of the bid round, Venezuela...
The U.S. government has amended the Dragon gas license to allow Venezuela’s state-run PDVSA to receive payment from Trinidad and Tobago in any currency or in humanitarian aid.
The United States had said any cash payments to the Venezuelan government...
ExxonMobil has submitted its field development plan (FDP) for the massive Whiptail project - its sixth for the Stabroek Block offshore Guyana.
This is according to ExxonMobil Guyana Limited's (EMGL) President, Alistair Routledge.
"...so that has commenced the process...
High hopes exist in Guyana for oil production outside of the Stabroek Block.
This is evidenced by recent statements from the Minister of Natural Resources, Vickram Bharrat who said that the Corentyne Block could move to production in the next...
The International Monetary Fund (IMF)’s recent report forecasted a 38.4 percent real Gross Domestic Product (GDP) growth rate for Guyana in the current year, with expectations of a continued expansion at 26.6 percent in 2024. Notably, Guyana stands alone...
In a move that has reverberated across the energy sector, ExxonMobil has solidified its position as the world's first "Megamajor" in the upstream industry through the acquisition of Pioneer Natural Resources for US$64.5 billion.
The deal, according to Wood Mackenzie,...
Guyana, a relative newcomer to the global oil industry, is making strides in terms of its oil reserves and production capabilities. Since its first commercial oil discovery in 2015, the country has become a significant player in the sector,...
Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana's Vice President Bharrat Jagdeo during an October 12 press conference.
Jagdeo was asked to respond to reports about Guyana...
The timeframe to ramp up Guyana projects to peak production is significantly less than neighboring Brazil, according to S&P Global Commodity Insights.
There are only two floating production, storage and offloading (FPSO) vessels operating offshore Guyana, in the Stabroek Block...
Blue Water Suriname, a subsidiary of global logistics company Blue Water, has announced the appointment of Gerson Sporkslede as its General Manager, signifying its readiness for full operations in the region.
In a release on October 13, Blue Water said...
