News

ExxonMobil’s latest offshore development to start-up in Guyana is producing a lighter and sweeter crude blend which analysts say is less carbon-intensive than other Latin American blends and even a little lighter than the original Liza. According to an ExxonMobil...

London-based IHS Markit says what Guyana has achieved in just under seven years since the first major oil discovery at the Stabroek Block is ‘quite remarkable’ and commended the South American country for pushing the offshore exploration and production...

(Reuters) - Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion...

Following the positive results from the Kawa-1 well after more than 20 years of seismic data acquisition and drilling offshore Guyana, partners Frontera Energy and CGX Energy intend to expend some US$130 million on further exploration at the Corentyne...

To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...

Analysts across the oil and gas industry agree that even with the massive volumes of hydrocarbon found so far at the 6.6 million acres Stabroek Block, explorers have only scratched the surface and that mega resources are yet to...

The flurry of activity in Guyana’s prolific Stabroek Block and more recently, the Corentyne Block has sparked renewed interest in the onshore Takatu Basin, Minister of Natural Resources Vickram Bharrat disclosed on Wednesday. Explorers have had an interest in Guyana’s...

In an exclusive interview with OilNOW on Wednesday on the sidelines of the International Energy Conference, Arthur Deakin, Co-Director of America’s Market Intelligence energy practice reaffirmed the latest estimate for the Stabroek Block to be well over 20 billion...

Guyana’s Vice President, Dr. Bharrat Jagdeo told attendees at the opening of the inaugural International Energy Conference on Tuesday that authorities are considering using the remaining oil blocks to form a National Oil Company (NOC). “At some point in time,...

As oil and gas operations continue to ramp up in Guyana, the number of Guyanese servicing the sector has been rapidly increasing.  Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods said over 3,500 Guyanese have been...