To ensure it stays on track for rapid economic diversification, Vice President, Dr. Bharrat Jagdeo said on March 3 that Guyana is in talks with India to utilise its technological inventions to boost agricultural output. The official said India...
Given the industry-leading rate of discoveries in the Stabroek Block, there may be a need for more than 10 floating, production, storage and offloading (FPSO) vessels to take off the resources. This was confirmed by Hess Corporation’s Chief Executive...
Since the commencement of operations in 2015 to support ExxonMobil Guyana’s two offshore production vessels, the nation has earned in excess of GY$720 billion (US$3.45 billion). Should the Environmental Protection Agency (EPA) grant approval for the oil major’s 35-well...
Jean Paul Prates and Wael Sawan - the Chief Executive Officers (CEO) of Petrobras and Shell respectively inked a five-year deal that will see both oil companies joining forces to identify potential upstream opportunities.
The deal - signed on the...
Hess Corporation’s Chief Executive Officer (CEO), John Hess has assured shareholders that the Guyana government will not be swayed by calls for a change of terms in the Stabroek Block Production Sharing Agreement (PSA).
During a recent energy conference, Hess...
Hess Corporation, a 30% stakeholder in Guyana's Stabroek Block, has assured the market that the co-venturers stand ready to comply with the relinquishment provisions in the 2016 Production Sharing Agreement (PSA). The company also told shareholders that the 20%...
Development drilling at ExxonMobil Guyana’s Payara field continues in preparation of the Prosperity floating production, storage and offloading (FPSO) vessel’s arrival from Singapore.
MarineTraffic estimates the vessel will arrive in mid-April.
According to Guyana’s Maritime Administration (MARAD), the development activities...
A recent report for one of ExxonMobil’s proposed well-campaigns for the Stabroek Block has placed the spotlight on the key reason behind the nation’s dwindling fish stock. Though there are concerns that the oil industry is a contributing factor,...
By Dr. Meredith Arnold McIntyre - OilNOW
Guyana’s medium-term prospects are highly favourable and driven by fast expanding oil production. To date, international oil producers have discovered 11 billion barrels of commercially recoverable oil and gas that promise to transform...
As its maiden licensing round gets underway, Guyana’s Vice President, Dr. Bharrat Jagdeo said the country could launch another as soon as next year to keep the momentum of its oil and gas development.
Dr. Jagdeo told Bloomberg on March...
The partnership between the Iwokrama International Centre for Rainforest Conservation and Development and ExxonMobil Guyana is delivering measurable results...
