Updated March 1, 2020
The South American country of Guyana, where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent, is set to elect a new government on Monday March 2, just months...
They say it is the mother of all elections. The contest, mainly between two factions who at their core have been in battle for the better part of half a century, will come to a climax when Guyanese cast...
In a market-oriented framework, it is partly up to customers themselves to determine what degree of security they want – for example, they can install back-up systems, they can physically contract for gas and/or become actual or virtual storage...
Caribbean petroleum producer Trinidad and Tobago is facing an unprecedented economic crisis fueled by a downturn in LNG and oil prices which former energy minister Kevin Ramnarine says only careful planning and a reality check can avert.
“Folks we are...
Following a significant discovery at the Maka Central-1 well at Block 58 offshore Suriname, Apache Corp. is now gunning for oil at a second prospect on the block which reports indicate look promising.
John J. Christmann IV, CEO and President...
Ocean Infinity, a next generation subsea marine robotics company, has been awarded a contract with ExxonMobil, for high-resolution Autonomous Underwater Vehicle (AUV) geophysical and geotechnical data acquisition within the Stabroek block offshore Guyana.
Ocean Infinity will simultaneously deploy their advanced AUVs...
At election time, it is easy to tell which ethnic group dominates each of the villages strung out along Guyana’s Atlantic coast even without looking at the people. Where Afro-Guyanese are the main group, the green-and-yellow banners of the...
Guyana could be on course to become the second largest oil producing country in Latin America by the end of this decade, particularly if conditions in neighbouring Venezuela fail to improve and Mexico's decline in output progresses.
Oil production in...
Mature oil and gas provinces such as the North Sea will be able to maintain output levels into the mid-2020s but new producers such as Guyana will play a key role in helping to counter declines in a number...
UK-based energy consultancy group Wood Mackenzie says the warning signs are everywhere – “the industry isn’t finding enough oil.” The analyst, in a new report, said Guyana is one of the very few locations in the world where giant...