In a year marked by steady development of existing projects, ExxonMobil Guyana made just one new discovery to its Stabroek Block pile - Bluefin-1.
The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by...
Guyana Vice President Bharrat Jagdeo said Thursday he is doubtful Guyana’s next auction of offshore acreage will happen before the 2025 General Election.
Government says voters will head to the polls in November 2025.
The second auction is expected to benefit...
Global energy technology company SLB has announced a contract award by Petrobras for two subsea raw seawater injection (RWI) systems. The systems, secured by SLB’s OneSubsea™ joint venture, will enhance recovery from the Búzios field, following a competitive tender...
Guyana Vice President Bharrat Jagdeo is adamant that CGX Energy’s license for the Corentyne Block has expired. The company and its joint venture partner, Frontera Energy, said Thursday that they believe their license still stands.
A 60-day clock is ticking...
CGX Energy has announced that the Berbice Port, managed by its subsidiary Grand Canal Industrial Estates Inc., is now fully accredited and operational. The facility began operations on Sunday, December 8, 2024, when a 90m by 25m vessel carrying...
CGX Energy said on December 12 that it sent the Guyana government a letter activating a 60-day period to “amicably resolve all disputes via negotiation” pertaining to the Corentyne Block.
Such a period is provided for in the Corentyne Block...
ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of oil per day by 2030. This is part of the company’s broader Corporate Plan to 2030, which aims to deliver...
Once its Hammerhead development is off the ground, ExxonMobil Guyana President Alistair Routledge said the company intends to target Longtail next. Routledge confirmed this on a recent Energy Perspectives podcast.
“Even earlier this week, I think the Minister of Natural Resources,...
Guyana is currently the world’s third largest per capita oil producer, according to scientific publication Our World in Data (OWID).
The country’s rapid ascent to this position comes just five years after ExxonMobil started crude oil production in December 2019....
Guyana’s export value surged by a record 77% in 2024, powered by the country’s rapidly expanding oil and gas sector, according to the Economic Commission for Latin America and the Caribbean’s (ECLAC) latest trade report.
This performance secured Guyana’s position...