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Why oil is pushing towards US$100

By Simon Flowers - Chairman, Chief Analyst & author of The Edge at Wood Mackenzie Brent is trading near an eight-year peak, putting oil once again front and centre for investors, consumers and the global economy. Where does the oil...

IHS Markit applauds speed of Guyana’s deepwater developments, environmental commitments

London-based IHS Markit says what Guyana has achieved in just under seven years since the first major oil discovery at the Stabroek Block is ‘quite remarkable’ and commended the South American country for pushing the offshore exploration and production...

Oil headed for weekly fall

(Reuters) - Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion...

CGX, Frontera to inject up to US$130M for more exploration at Corentyne block

Following the positive results from the Kawa-1 well after more than 20 years of seismic data acquisition and drilling offshore Guyana, partners Frontera Energy and CGX Energy intend to expend some US$130 million on further exploration at the Corentyne...

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...

Motherlode of crude remains at giant Stabroek block: analysts say resources will balloon

Analysts across the oil and gas industry agree that even with the massive volumes of hydrocarbon found so far at the 6.6 million acres Stabroek Block, explorers have only scratched the surface and that mega resources are yet to...

Guyana’s oil story not confined to deepwater, explorers looking inland – Bharrat

The flurry of activity in Guyana’s prolific Stabroek Block and more recently, the Corentyne Block has sparked renewed interest in the onshore Takatu Basin, Minister of Natural Resources Vickram Bharrat disclosed on Wednesday. Explorers have had an interest in Guyana’s...

AMI reaffirms over 20-billion-barrel boe at Stabroek Block, Guyana’s growing gas potential

In an exclusive interview with OilNOW on Wednesday on the sidelines of the International Energy Conference, Arthur Deakin, Co-Director of America’s Market Intelligence energy practice reaffirmed the latest estimate for the Stabroek Block to be well over 20 billion...

Guyana could use remaining blocks to form National Oil Company – Jagdeo

Guyana’s Vice President, Dr. Bharrat Jagdeo told attendees at the opening of the inaugural International Energy Conference on Tuesday that authorities are considering using the remaining oil blocks to form a National Oil Company (NOC). “At some point in time,...

Over 3,500 Guyanese, 800 local businesses supporting O&G operations – Exxon CEO

As oil and gas operations continue to ramp up in Guyana, the number of Guyanese servicing the sector has been rapidly increasing.  Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods said over 3,500 Guyanese have been...

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Letter to the Editor: Higher production does not automatically erase the cost bank

Dear Editor, Recent commentary has suggested that because Guyana is producing more oil and earning significant revenues, the outstanding costs...