News

Guyana offshore is set to get even busier in the coming months as preparations for Liza Phase 2 continue and preliminary activities for a third project at the Payara field get underway. This is in addition to an aggressive...

An oil supply shortfall is coming and with OPEC+ expected to provide just a fraction of the demand, barrels from producers outside of the alliance, such as Guyana, would be needed even more. Already, dated Brent has soared past...

MatPal Marine Institute has joined the growing list of ISO 9001:2015 Certified companies in Guyana, through the support of Global Compliance Service (GCS), the only Accredited ISO Certification Body with a resident office in the new oil producing South...

By 2025, Guyana could be producing approximately 1.2 million barrels of oil per day (bpd) from five floating vessels in the Stabroek Block. Making this latest disclosure was Chief Executive Officer (CEO) of Hess Corporation, John Hess during his...

While the Stabroek Block co-venturers are pleased with the recent appraisal results at Longtail-3, the 20th commercial discovery on the offshore concession, it is highly likely that two other prospects will be next in line for development says Chief...

Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, said on Wednesday that even though oil production will transform Guyana’s economy, petroleum will not be its lone driver. He said the Irfaan Ali...

JHI Associates Incorporated, holder of a 17.5% stake in the Canje Block offshore Guyana, donated GY$10 million to the Civil Defence Commission (CDC) in support of its national flood relief efforts on Tuesday. The donation was made through Guyana...

The giant Liza discovery in 2015 was Guyana’s first step into the world of oil and gas. With very limited industrial activity and virtually no experience in the petroleum industry, capacity in some areas had to be built from...

(Reuters) Oil rose above $75 a barrel on Wednesday, reaching its highest since late 2018, after an industry report on U.S. crude inventories reinforced views of a tightening market as travel picks up in Europe and North America. The American...

Guyana’s massive hydrocarbon resources and offshore development plans were the key focal points at the opening of the 4th Annual Aberdeen-Guyana Gateway event on Tuesday, June 22. The 2-day event is bringing together the Aberdeen and Guyana energy communities...