Guyana will issue four production sharing agreements (PSAs) in October under its first offshore licensing round, Natural Resources Minister Vickram Bharrat said on Sunday.
Speaking on the Starting Point podcast, Bharrat said, “About four of those PSAs will be signed...
The Hammerhead Petroleum Production Licence requires the operator to hire an independent third-party consultant three years after first oil to conduct an external audit of resources and reserves.
According to the document, the Licence Holder must procure “an unaffiliated, independent...
The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and Guyana; one is a long-standing oil producer, and the other is a newcomer racing to meet the demands of its...
Today, we continue our series on the Oil Pollution Prevention, Preparedness, Response, and Responsibility Act of 2025 (OPPPRR) by seeking to clarify the nature of, and differences between, two critical concepts: environmental liability and financial assurance.
These concepts continue to...
The Hammerhead Petroleum Production Licence requires that, upon the Minister’s request, an independent third-party consultant be hired to conduct a Gas Utilisation Study after five years of operations.
The Licence states: “The Licence Holder shall procure an unaffiliated, independent third-party...
Oil production offshore Guyana averaged 685,000 barrels per day (b/d) in August, up from 664,000 b/d in July, driven mainly by the start-up of the Yellowtail project. The new development, which began production on August 8, averaged 75,000 b/d...
Chevron has expanded its footprint in South America’s energy frontier, undertaking new exploration in Suriname while consolidating its prized position in Guyana’s prolific Stabroek Block.
In Suriname, the U.S. supermajor will spud the Korikori-1 exploration well in October. The well...
S&P Global Ratings has warned that Trinidad and Tobago’s economy will remain constrained by stagnant oil and gas production and limited success in diversification, even as it affirmed the country’s “BBB- sovereign credit rating” on September 25.
A BBB- sovereign...
TechnipFMC said it has been awarded a substantial contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block.
Exxon announced that it had made a final investment decision (FID) for the project...
Saipem announced today that it has received full authorization from ExxonMobil Guyana Limited to proceed with the execution of the Hammerhead offshore project in the Stabroek Block.
The Milan-based company said the engineering, procurement, construction and installation (EPCI) contract is...
ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring...
