News

Westwood Global Energy Group estimates that all nine discoveries made by ExxonMobil in the Stabroek Block last year were high impact, each amounting to more than 100 million barrels of oil equivalent. The firm also determined that the Barreleye, Patwa,...

Norway’s Ministry of Petroleum and Energy has issued 47 new oil and gas exploration licenses on the Norwegian continental shelf to 25 companies. This move is regarded as critical to Europe’s energy security as Russia continues to hit much...

Dutch Manufacturer, Strohm B.V has won a contract to supply ExxonMobil Guyana with 24 jumpers for its Uaru Project in the Stabroek Block. This marks the second contract for the Dutch firm from Guyana, with the first being awarded...

International Business Professor, Jerry Haar believes that having unattainable standards in Guyana’s Local Content Policy would be counterproductive.  Professor Haar alluded that the targets for the hiring of skilled Guyanese are unrealistic and should be revised if the country wants...

Direct revenues from oil sales, royalties, and interest in the first three years of oil production offshore Guyana amount to more than US$2 billion. Before oil production started, the government had not exceeded such spending in any of its national...

A recent analysis by FocusEconomics, a provider of global forecasts, states that Guyana will lead the list of top five nations with the fastest-growing economies up to 2026. Following its examination of the economic prospects for nearly 200 nations, the...

TechnipFMC said it has been awarded a significant engineering, procurement, construction, and installation contract by Wintershall Dea Norge AS for its Dvalin North project. TechnipFMC considers a contract significant when it is between US$75 million and US$250 million. The contract covers...

The Noble Discoverer is expected to arrive at the Corentyne Block offshore Guyana on Wednesday, January 18, according to vessel tracker, MarineTraffic. The vessel departed Trinidad and Tobago on Wednesday, January 11. The vessel will be used to drill CGX Energy’s...

Guyanese authorities say they are working to empower more women with the skills needed to tap into the growing opportunities in the nation’s booming economy. Since 2015, a series of major oil discoveries and start of production have propelled...

Guyana’s largest planned oil development operation to date, the Uaru project, could export gas in addition to oil, if the partners decide to go that route. The new floating production, storage, and offloading (FPSO) vessel to be used for...