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Oil companies give contracts disclosure thumbs up

Making good on its promise to publicly release contracts signed with oil companies operating off the country’s coast, the Government of Guyana has to date published 3 such agreements - a move being commended by explorers. Sustained calls from the...

Exxon-led consortium, Spain’s Repsol submit interest in Greek oil and gas tenders

(Reuters) - Greece has received two expressions of interest for oil and gas exploration and exploitation tenders off Crete and in the Ionian Sea, the country’s oil and gas resources management company (HHRM) said on Monday. HHRM said a consortium...

ExxonMobil gunning for oil at Liza 5

ExxonMobil is set to begin another drilling foray this week in search of more oil off the coast of the South American country of Guyana. The company's affiliate - Esso Exploration and Production Guyana Ltd. will begin a 3-month drill...

Noble Bob Douglas arrival signals start of development for oil production in Guyana

The arrival of the Noble Bob Douglas drill ship in Guyana will signal the start of development of the Liza field which will bring first oil for the South American country in March 2020. The vessel is currently en-route to...

Private Sector body ramping up efforts to prep Guyanese businesses for O&G

Guyana’s Private Sector Commission (PSC) is spearheading a seminar scheduled to be held on Tuesday that will focus on opportunities and perspectives for the local business community in the country’s emerging oil and gas sector. PSC Chairman, Eddie Boyer, told...

Guyana reviewing Japanese O&G ‘Master Plan’

An Oil and Gas Master Plan developed by Mitsubishi Corporation and Chiyoda Corporation in collaboration with the Government of Japan is currently being reviewed by authorities in the South American country of Guyana. According to a statement from the Ministry...

ExxonMobil says it is not responsible for unknown substance on Georgetown seashore

The presence of a thick, black substance at the Guyana seashore is not as a result of oil exploration activities, according to ExxonMobil Guyana. This was confirmed by the company following reports in sections of the Guyanese media about the...

ExxonMobil to join Stanford Strategic Energy Alliance

Exxon Mobil Corporation (NYSE:XOM) announced Thursday that it will become the first founding member of the new Stanford Strategic Energy Alliance, an initiative that will examine ways to improve energy access, security and technology while reducing impacts on the environment. As...

Payara and Pacora to be part of one development – ExxonMobil Guyana

The short distance between the Payara and Pacora reservoirs offshore Guyana allows for a combined development utilizing a single Floating Production Storage and Offloading (FPSO) vessel. This would push the number of development projects offshore the South American country...

Guyana revenue will go up if oil price increases

Under the Production Sharing Agreement (PSA) between ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., its partners Hess and CNOOC Nexen and the Government of Guyana, movements in the price of oil will directly impact the revenue the country...

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US$500M+ United States loan for Guyana gas project clears key hurdle

Guyana's Vice President, Bharrat Jagdeo, announced during a November 28 press conference that the United States Export-Import Bank (EXIM...