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Senior Vice President of Exploration and New Ventures at ExxonMobil, Mike Cousins, says partnering with the people of the new oil producing South American country of Guyana has been a privilege for the company which has found over 9...

President of Guyana Dr. Mohamed Irfaan Ali categorically asserted on Friday that the country's climate agenda, as well as its activism, will not change or be eclipsed by its fervent desire to develop the more than nine billion barrels...

Dutch floater specialist SBM Offshore announced Thursday that it has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The facility was secured by the special purpose company which will own FPSO Almirante Tamandaré....

CGX Energy Inc. said on Friday that well results so far from Kawa-1 are consistent with pre-drill expectations, signaling potential positive results from its first campaign offshore Guyana in over 9 years. “The well results thus far are consistent with...

A growing number of companies operating in Guyana’s oil and gas industry are moving more of their supply operations from Trinidad and Tobago and other locations to the South American country, as local capacity to execute projects increase. ExxonMobil Guyana...

Touchstone Exploration Inc. announced on Friday that it has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Royston-1 was drilled to a total...

A new storage facility to service Guyana’s growing oil and gas industry was opened at McDoom on the East Bank of Demerara, on Thursday. ChampionX, a contractor of ExxonMobil Guyana, said it is committed to operating in a manner...

BDO LLP, a consultant firm based in the United Kingdom, is the only company to successfully submit a tender to prepare Guyana’s third Extractive Industries Transparency Initiative (EITI) report. This consultant’s tender was opened on Tuesday at the National Procurement...

Despite the challenges of the COVID-19 pandemic and growing pains related to oil production in a new area, analysts say Guyana offshore activities will remain robust and continue to grow. Speaking on a podcast focusing on upstream developments offshore Guyana...

According to the Payara Petroleum Production Licence, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is expected to provide Guyana with US$400,000 (GY$82,800,000) annually for five consecutive years to support independent audits to be carried out by the...