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In keeping with the Guyana government’s stated position of accelerating exploration and production activities offshore, ExxonMobil is forging ahead with its 2022 work plan, targeting multiple wells at the prolific Stabroek Block where it has already found more than...

(Reuters) - Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices to near $100...

SBM Offshore Guyana announced on Monday that Guyanese business and finance specialist Mr. Martin Cheong will be appointed to the post of General Manager for its local operations, effective March 1, 2022. Mr. Cheong, whose current role is Project Support...

TotalEnergies and APA Corporation said on Monday they have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi...

The Guyana government appears ready to take more bold but cautious steps in the hydrocarbon arena as it is focusing some of its energy on creating a gas strategy with the assistance of its West African counterpart, Ghana. Confirming this...

The announcement by CGX on January 31 that it had encountered oil at Kawa-1, after more than 20 years of seismic data acquisition and drilling on the Corentyne Block, is being viewed as highly significant by Norway-based energy research...

(Reuters) - Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Brent crude futures and U.S. West Texas Intermediate...

While much of the attention over the past few years has been on the significant Stabroek Block discoveries, the Kawa-1 find in the Corentyne Block was one of the major areas of interest for global players that attended the...

When the first oil discovery was announced in 2015, Guyanese and local businesses were keen to find out how the industry would benefit them. For Puran Brother’s Incorporated, while their services were not directly aligned with the industry, they...

Background Budget 2022 is the largest budget in Guyana’s history and the first to draw down from the oil revenues sitting in the Natural Resource Fund (NRF) that was recently passed in the National Assembly. During the budget debates, a...