News

With nearly 11 billion barrels of oil equivalent discovered since 2015, ExxonMobil is looking to further increase these volumes at its largest deepwater license offshore Guyana. The US oil major is targeting a new prospect - Yarrow-1 – located approximately...

Following publication of BP’s annual Statistical Review, each year Rystad Energy releases its own analysis of the global energy landscape to provide an independent, data-based comparison and evaluation. Continuing the trend from previous years, Rystad Energy’s 2022 review shows...

Seven giant National Oil Companies (NOCs) can continue to produce at their current rates for another 40-60 years from existing resources, and even longer, if they convert some of what is currently considered contingent resource into commercial. This is...

The start-up of Phase 2 of the Liza Development has pushed daily output in South America’s newest oil producing nation to above 300,000 barrels per day. The Liza Unity floating, production, storage, and offloading (FPSO) vessel arrived at the ExxonMobil-operated...

Months after local content targets were enshrined in new legislation, the Guyana government is looking to remove obstacles to achieving the Local Content Act’s purpose. In some instances, government considers the bundling of contracts to be one of those...

In the move to generate as much revenue as it can to adapt to the changing climate and mitigate against its effects, Guyana plans to gain as much value as possible from the sale of its forest carbon credits. Getting more revenue...

With a delegation of over 40 private sector and government representatives arrived in Georgetown from Saudi Arabia Saturday, the Kingdom is marketing itself to Guyana as a knowledgeable energy partner. Its Deputy Minister for Investors Outreach, Badr Al Badr, said...

Chief Executive of Hess Corporation, John Hess, said Guyana is on its way to becoming one of the world’s largest crude oil producers by 2027. He made the comment Friday during an event at State House in Georgetown. 2027 is...

Maersk Drilling recently reached another safety milestone. Its Maersk Resilient jack up rig went an entire year without lost time incidents. “Another safety milestone has been reached! As a true testament to #MaerskDrilling’s commitment to safety, #MaerskResilient surpassed 1 year without any lost time incidents,”...

Chief Executive Officer of Hess Corporation, John Hess will be plugging nearly US$32 million into a nationwide program to revolutionise public healthcare in Guyana. President Dr. Mohamed Irfaan Ali revealed this during a signing ceremony on Friday for the...