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‘Arrogance of the first order’ if critics from US, Norway tell Guyana to stop oil production – ex Norway minister

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Former Norwegian Environment Minister Erik Solheim has condemned calls for Guyana to stop producing oil from persons in veteran oil producing countries. Solheim said that people from such nations, including the United States, should not dictate to Guyana or...
News

Halliburton wants to help Guyana bring Texas-stored petroleum data in-country

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Halliburton has submitted a US$1.88 million bid to the National Procurement and Tender Administration Board (NPTAB) of Guyana, aiming to secure a contract for data management services for the country's oil and gas exploration and production operations. The company...
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Biden Administration secures over 50 million barrels for Strategic Petroleum Reserve

OilNOW -
The U.S. Department of Energy (DOE) announced the purchase of more than 3.4 million barrels of crude oil for the Strategic Petroleum Reserve (SPR) following contracts awarded for delivery to the Bryan Mound site from January through March 2025.  This...
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US$8.9 million pumped into training initiatives for Guyana’s oil sector 

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Training initiatives for Guyana’s oil and gas sector have seen an investment of US$8.6 million, according to the recently released Mid-Year Report from the Ministry of Finance.  Labor scarcity in Guyana’s market is a known issue, especially in the oil...
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Exxon, co-venturers have recovered more than US$25 billion of their Guyana investments

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Cost recovery continues to be accelerated for Stabroek Block operator ExxonMobil and co-venturers Hess and CNOOC, surpassing US$25 billion at the halfway point of 2024. According to Mid-Year data from the Guyana government, oil exports from the block have...
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Exxon seeking environmental and socioeconomic consultants for support activities in Guyana

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ExxonMobil Guyana Limited is seeking qualified consultants to support its ongoing environmental and socioeconomic assessments through a new services agreement. The consultants will be tasked with monitoring, assessing, and managing environmental and social risks related to the company's offshore...
Exploration

Exxon’s gas wells take spotlight in global upstream activity for August – Rystad Energy

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ExxonMobil's gas exploration efforts in August were a key focus in oil and gas upstream activities, according to a recent report from Rystad Energy. The U.S. supermajor achieved success with the completion of its non-operated Sloanea-2 appraisal well on...
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Free university education must prioritize quality, says Vice Chancellor

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Professor Paloma Mohamed, Vice Chancellor of the University of Guyana, supports the government’s plan to provide free university education but stresses that quality must not be compromised. As Guyana experiences rapid economic growth driven by oil and gas, she...
News

Leading OPEC+ members agree to postpone proposed increase in oil production

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The OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on September 5, during which the eight...
News

Uaru, Whiptail surpass Yellowtail as largest investments in Guyana’s history

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ExxonMobil’s two latest developments offshore Guyana – Uaru and Whiptail, have surpassed Yellowtail as the largest investments in the country’s history. Each of these projects has an estimated development cost of US$12.7 billion. Yellowtail is estimated to cost US$10 billion....
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‘Arrogance of the first order’ if critics from US, Norway tell Guyana to stop oil production – ex Norway minister

Former Norwegian Environment Minister Erik Solheim has condemned calls for Guyana to stop producing oil from persons in veteran...

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