News

ExxonMobil Guyana President Alistair Routledge said Thursday that the company has registered for the offshore licensing round the government launched in December. “We’re always interested in new acreage,” he said during a media conference in Georgetown. “And clearly, we’ve had...

With flow tests completed at Shell’s Pensacola gas prospect in the North Sea, Deltic’s Chief Executive Officer (CEO) Graham Swindells said it is shaping up to be one of the largest discoveries there in decades. Deltic is Shell’s partner on...

ExxonMobil Guyana President, Alistair Routledge defended the stability of the Stabroek Block production sharing agreement (PSA) during a media conference in Georgetown on Thursday. “We’ve made now over US$30 billion worth of investment to the country based on the contract...

APA Corporation (Nasdaq: APA) on Wednesday announced the successful drilling and flow testing of the Sapakara South-2 (SPS-2) appraisal well, the second appraisal well to test the previously announced discovery. The well is located approximately 4.6 kilometers (3 miles)...

Already well into its massive 2023 development plan, the Guyana government has withdrawn US$200 million from the Natural Resource Fund (NRF). Senior Finance Minister, Dr. Ashni Singh made the announcement Thursday afternoon. The Minister said that pursuant to Section 16 of...

European major, TotalEnergies, reported a profit of US$20.5 billion to International Financial Reporting Standards (IFRS). The company said this includes nearly US$15 billion in provisions related to Russia, for an adjusted net income of US$36.2 billion. Return on equity was...

With more than 30 discoveries made offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027, a goal that is expected to see oil production exceeding...

Counterproductive. That is how ExxonMobil describes windfall taxes. And it is sticking to this position, so much so that it filed a lawsuit against the European Union (EU) back in December to challenge its introduction. The EU windfall tax allows...

GO-NDE Inc. – a partnership between Trinidad’s Non-Destructive Testers Limited (NDT) and Guyana Oil and Gas Support Services Inc. (GOGSSI) has become the first Guyanese oil service company to be ISO 29001:2020 certified. ISO 29001 is an international standard that...

BP has extended its contract for utilisation of the mobile offshore drilling unit (MODU) Stena IceMAX, Stena Drilling said Tuesday. This extension shall see the MODU mobilise to the United States Gulf of Mexico in direct continuation of the initial...