News

Guyana on Monday condemned the treatment of Guyanese fisherfolk by Suriname authorities and urged its Dutch-speaking neighbour to uphold a commitment it had made to issue fishing licenses to them. In a strongly worded statement, the government reminded that Suriname...

Guyana’s Ministry of Finance in its 2022 mid-year report said oil production is expected to surpass one million barrels per day by 2029 at the ExxonMobil-operated Stabroek Block. But based on the pace of project approvals, this is likely to...

Cataleya Energy Limited, a locally owned and controlled partner in the Kaieteur Block, has initiated a free six-month training course for Guyanese, all in an effort to support President Dr. Mohamed Irfaan Ali’s push for a diversified economy. Speaking with OilNOW, Co-Founder & Director of...

Claims have been made that Guyana can conduct ‘real time’ monitoring of costs incurred by ExxonMobil for its offshore Stabroek Block operations. The country's Vice President Dr. Bharrat Jagdeo dismissed these last Friday, explaining that such a system does...

Shell said Monday that its subsidiary, Sarawak Shell Berhad (SSB), made an investment decision to develop the Rosmari-Marjoram gas project. As operator for the project, Shell’s 80% stake is joined with a 20% stake held by PETRONAS Carigali Sdn Bhd, the...

ExxonMobil’s Uaru development is targeting approximately 1.319 billion barrels of oil, making it the largest project the company will be undertaking to date at the Stabroek Block offshore Guyana. The projects already approved and sanctioned offshore the South American country...

Qualco Guyana was established in 2019 on the wave of massive discoveries being made offshore the South American country at the ExxonMobil-operated Stabroek Block. Although its operations were impacted by the COVID-19 pandemic just a year later, activities have...

(Reuters) - Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures advanced by...

The Guyana government said the petroleum sector expanded by 73.5% in the first half of 2022, with 34.6 million barrels of oil produced. It attributed the growth to commencement of oil production at the Liza Unity floating production, storage, and offloading (FPSO) vessel in...

CGX Energy is preparing to spud the Wei-1 well in the Corentyne Block in October, confident in the placement of the prospect in the Northern section of the acreage, where it is flanked on various sides by a series...