News

The Guyana government expects crude oil exports this year to generate US$11.3326 billion in 2023, a 14% increase from the 2022 figure, according to budget documents.  These revenues are expected from oil production at the ExxonMobil-operated Stabroek Block, from the...

In a major breakthrough for the Norwegian oil and gas industry, Wellesley Petroleum AS has made the largest discovery on the Norwegian Continental Shelf in a decade. Its partner, DNO ASA, announced the significant gas and condensate discovery on...

Trinidad and Tobago and Suriname have laid the foundation for energy cooperation with a new Memorandum of Understanding (MoU) signed on July 6.  TT’s Prime Minister Dr. Keith Rowley and Surinamese President Chandrikapersad (Chan) Santokhi witnessed the signing by Trinidad’s...

The Office of the Prime Minister's Industry and Innovation Unit's Innovation Challenge 2023 reached its exciting conclusion on Sunday at the Arthur Chung Conference Centre. The event, sponsored exclusively by SBM Offshore Guyana, showcased the innovative talents of local...

Former government minister, David Patterson, said Members of Parliament (MP) from his political party, Alliance for Change (AFC), will propose amendments to the Petroleum Activities Bill. The government is preparing to take the Bill to Parliament for scrutiny and...

Local suppliers in Guyana will have an opportunity to connect with two of ExxonMobil’s biggest drilling contractors - Noble and Stena - at a Business Forum set to take place on Wednesday. The event will be hosted at Duke Lodge...

The US Department of Energy is seeking another six million barrels of oil to add to its Strategic Petroleum Reserve (SPR) replenishment. By August, the DOE’s total purchase will stand at 12 million barrels, according to a July 7...

The precise location of new drilling prospects in ExxonMobil’s 35-well Stabroek Block campaign is yet to be determined. The all-clear was given on July 4.  In its updated Cumulative Impact Assessment (CIA), Exxon said that the majority of the wells...

Set for Friday July 14, ERM Guyana Inc. will be hosting a virtual sensitisation session on ExxonMobil’s Whiptail project - the 6th Stabroek Block development.  The project was screened by Guyana's Environmental Protection Agency (EPA) which determined that an Environmental...

As anticipation builds for an upcoming roundtable discussion on the opportunities in Guyana's upstream petroleum industry, officials are gearing up to utilise the event as a platform to promote Guyana and attract international interest in its burgeoning oil sector....