Oil production at ExxonMobil’s Guyana projects hit a combined 19.6 million barrels in May, the highest monthly volume yet, government data shows.
In May, the Liza 1 project averaged 154,000 barrels per day (b/d), totaling 4.78 million barrels. This project...
The Stabroek Block partners’ investments in Guyana’s petroleum sector are paying off with US$6.3 billion (approx. GY$1.3 trillion) in combined profits reported for 2023. Their profits grew 12% from the prior year. This is based on a consolidation of...
Chevron is leveraging new technologies to accelerate offshore energy development, significantly reducing timelines and costs. According to Matt Johnson, a field development and portfolio optimization specialist at Chevron, using field development optimization tools is proving to be a game-changer....
Guyana has commenced engagement with commercial airlines to secure a market within the Aviation sector for its certified carbon units. The South American nation historically became the first country to receive CORSIA (carbon offsetting and reduction scheme for international...
As celebrations rang in for the U.S. 48th independence anniversary, its steadfast support for Guyana was reaffirmed by Ambassador Nicole D. Theriot.
“In the face of bullies and tyrants, the United States will always stand with Guyana,” she said. “We...
The Ministry of Natural Resources has issued a stern reminder to Contractors, Subcontractors, and Licensees in the oil and gas sector about their obligations under the Local Content Act. Companies failing to prioritize hiring and training qualified Guyanese nationals...
Some of the groups Guyana identified as awardees after the country’s first offshore auction, may not end up receiving the blocks.
Guyana Vice President Bharrat Jagdeo said they “have difficulties finding the right partners and raising the fees.” The government...
Guyana's Vice President Bharrat Jagdeo said ExxonMobil has communicated to the government its prioritization of gas development.
“Exxon has said, ‘we have moved this up to a priority now.’ We now have a company that is interested in moving it...
The Caribbean Court of Justice (CCJ) dismissed an appeal filed by Guyanese citizen Ramon Gaskin challenging a local judgment that determined the Stabroek Block partners did not require separate licenses to operate offshore.
Gaskin’s initial application sought to quash the...
Trinidad and Tobago’s Minister of Energy and Energy Industries Stuart Young is confident the country’s gas deals are secure no matter the outcome of elections in Venezuela and the U.S.
Concerns were raised in TT’s parliament on the uncertainty of...
