News

All 14 blocks on auction in Guyana’s ongoing licensing round have received expressions of interest, the government said in a statement Tuesday. Guyana’s Ministry of Natural Resources has published new model contracts to govern the three deepwater and 11...

Once ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the...

Guyana's Environmental Protection Agency (EPA) has reiterated its commitment to ensuring the country holds no liability in the unlikely event of an oil spill in the offshore Stabroek Block.  Current Permits are held by ExxonMobil Corp. subsidiary, Esso Exploration and...

The Guyana Shore Base Inc. (GYSBI) is stressing the importance of safety after an incident that saw a woman entering an active construction site at Reynstein, West Bank Demerara.  The woman, Elizabeth Deane Hughes, wrote a letter to local...

TotalEnergies said it has launched the fully integrated front-end engineering and design (FEED) for the Papua LNG project. As operator of Papua LNG, Total led its joint venture partners in the selection of a concept including four electrical LNG trains...

Annual greenfield capital expenditure is set to break the US$100 billion threshold this year, according to Norway’s Rystad Energy as offshore development activities surge globally. And investments in Guyana’s offshore Stabroek Block will take up US$7 billion of that...

ExxonMobil Guyana’s proposed 35-well campaign for the Stabroek Block is expected to have little to no adverse impacts on the nation’s fishing industry. In fact, Exxon’s Cumulative Impact Assessment (CIA) Report by ERM Guyana Inc. notes that the nation’s current...

To ensure it stays on track for rapid economic diversification, Vice President, Dr. Bharrat Jagdeo said on March 3 that Guyana is in talks with India to utilise its technological inventions to boost agricultural output. The official said India...

Given the industry-leading rate of discoveries in the Stabroek Block, there may be a need for more than 10 floating, production, storage and offloading (FPSO) vessels to take off the resources. This was confirmed by Hess Corporation’s Chief Executive...

Tullow Oil has written off US$97.7 million in costs related to the Kanuku and Orinduik blocks.  Kanuku block write-offs amount to US$75.3 million, related to unsuccessful well costs, as well as license relinquishments. Repsol, the operator, drilled the Beebei-Potaro well...