Featured

ExxonMobil Guyana has announced 10 meetings it will chair along the Guyana coast to discuss its planned Whiptail Development Project with the public. The meetings, to be held from January 30 to February 7, are meant to solicit inputs...

Halliburton announced total revenue for the full year of 2022 was US$20.3 billion, an increase of US$5.0 billion, or 33% from 2021. Operating income for 2022 was US$2.7 billion, and adjusted operating income was US$3.1 billion, excluding impairments and...

By Utamu Belle and Dr. Terrence Blackman – OilNOW The eighth installment of the GBJ and CPC's webinar series, "Transforming Guyana,” focused on "Investment Attraction and Retention, and the importance of Protection, Regulations and the Business Environment." These webinars bring...

Norway based Rystad Energy said on Wednesday that a map used this week by the Trinidad and Tobago Energy Conference showing a portion of Guyana’s Stabroek Block in Venezuela’s waters was part of an ‘unfinished draft presentation’, and not...

Noble Corporation announced four fully paid scholarships for Guyanese students seeking a bachelor’s degree in Maritime Transportation or Maritime Engineering. Noble said it will cover room and board, books, and round-trip travel to Massachusetts Maritime Academy, a public university in...

Hess Corporation – a 30% stakeholder in Guyana’s Stabroek Block – reported fourth-quarter earnings of US$624 million or $2.03 per common share compared to net income of US$265 million, or $0.85 per common share, in the same period last...

The United States has granted approval to Trinidad and Tobago to develop the Dragon gas field which lies in Venezuela’s territorial waters, Reuters said, allowing business with Venezuela’s state-run oil company, PDVSA. Trinidad Prime Dr. Keith Rowley reportedly said government...

By Dr. Lorraine Sobers In my latest article, I rehashed a selection of themes addressed during 2022. Regular readers and energy sector observers may have noticed the omission of local content, education, ESG criteria, Guyana’s political stability and positioning on...

Fangtooth is the reservoir that keeps on giving as Stabroek Block operator ExxonMobil hit pay once again, early this month. The announcement was made by its partner Hess Corp on Jan. 25.  According to Hess, Exxon made a “significant” oil discovery...

Out of Guyana’s massive GY$781.9 billion budget, the government has allocated GY$500 million towards the improvement of institutional capacity for the management of the oil and gas sector. The funding comes from a World Bank US$20 million loan approved...