ExxonMobil’s 7th oil discovery off the coast of Guyana at the Pacora reservoir has further emboldened joint venture partners down dip in the Orinduik block. Eco Guyana holds a 40% working interest alongside Tullow Oil (60%) in the 1,800 km2...
An Oil and Gas Master Plan developed by the Mitsubishi and Chiyoda Corporations in collaboration with the Government of Japan provides a technical review of the use of petroleum and its by-products in Guyana and the South American country’s...
US oil major ExxonMobil is targeting production of 2 billion oil equivalent barrels in Guyana over the first three phases of development in the 6.6 million acres Stabroek Block, beginning with Liza Phase 1 in 2020.
In its recently released...
BP and state-owned Brazilian oil company Petrobras have announced they have signed a Memorandum of Understanding (MoU) to form a strategic alliance to jointly explore potential business opportunities both in Brazil and beyond.
Petrobras is globally recognized as the world’s...
Priority is being given in Guyana to the full establishment of a unit that deals specifically with oil and gas within the Guyana Revenue Authority (GRA) – the South American country’s tax agency.
Finance Minister Winston Jordan in an interview...
Guyanese President David Granger says his administration has identified a roadmap towards the creation of a Department of Energy (DoE) under the South American country’s Georgetown based Ministry of the Presidency (MotP).
He gave the brief update on Wednesday, speaking...
The International Monetary Fund (IMF) has found that Guyana’s royalty rate of two percent for its Stabroek Block, while seen as modest, will in fact protect the country from skullduggery in the form of distorted investments and production levels...
The South American country of Guyana intends to spend the billions of dollars that is expected from oil production in the coming years, in the context of its Green State Development Strategy (GSDS).
The GSDS will guide Guyana's economic and...
United States Ambassador to Guyana, Perry Holloway says ‘new experts’ in the South American country have been dwelling on all the worst case scenarios while ignoring the positive impacts significant oil production can bring to the country. See more...
Guyana’s Minister of Foreign Affairs, Carl Greenidge, says as the legal process in the Guyana/Venezuela border case advances at the International Court of Justice (ICJ), additional monies may be required to cover all legal expenses.
He told media operatives, during...
ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring...
