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Exxon drilling in area that could contain 1 billion barrels

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(Reuters) - U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful,...
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Guyana oil production volumes exceeding expectations

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ExxonMobil sees its production volumes from the Permian Basin and offshore Guyana potentially combining for close to 2 million b/d of oil equivalent well before the end of the decade, S&P Global Platts said in an article earlier this...
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Living above means tanked Guyana’s economy in the past, VP vows country not returning to that era

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In a scathing rebuke of an opposition proposal to give every Guyanese adult GY$200,000 (US$1000) on a quarterly basis, Vice President Dr. Bharrat Jagdeo said Guyana cannot build its future if it takes such an approach. The proposal is in...
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Liza Unity delivering the goods for Guyana, Stabroek co-venturers

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The Liza Unity floating production storage and offloading (FPSO) vessel, which is poised to reach nameplate capacity of around 220,000 barrels of oil per day this year, is set to almost triple Guyana’s oil revenue and is already strengthening...
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As barrels build up in Suriname, calls for creation of oil fund will increase – Rystad Energy

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Suriname has taken another stride towards rivaling emerging hydrocarbons powerhouse and neighbor Guyana after TotalEnergies revealed yet another oil and gas discovery on Block 58, its fifth on the prolific tract and Suriname’s sixth offshore, Rystad Energy said in...
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Guyana will not be bullied on Local Content Policy – VP Jagdeo

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Guyana’s Vice President, Dr. Bharrat Jagdeo has indicated that the government will not be moved to weaken in any way, shape, or form, the powers enshrined in the new Local Content law which seeks to protect the rights of...
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Guyana business chamber pledges sustained campaign for fairer treatment among CARICOM states

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President of the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana, Timothy Tucker on Thursday said the business service organization will continue its campaign for equitable treatment of Caribbean Community (CARICOM) member states by the regional body and...
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Guyana seeking financial guarantee from Exxon for entire Stabroek block in event of oil spill

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Guyana’s Vice President, Dr. Bharrat Jagdeo revealed on Thursday evening that the government is working with ExxonMobil, the parent company of Esso Exploration and Production Guyana Limited (EEPGL) to secure an insurance guarantee for the entire Stabroek Block. The former...
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Guyana wants assurances its sovereignty not part of US discussions with Venezuela – VP Jagdeo

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As United States President Joe Biden looks for ways to lower gas prices, Guyana wants to make sure the North American nation’s support for its territorial integrity will not be made to hang in the balance. This was related to...
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Guyana pursuing ‘full indemnification’ in insurance agreement with Exxon – EPA Chief

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As Guyanese await the completion of an agreement to strengthen insurance guarantees from ExxonMobil, Executive Director for the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that “full indemnification” is being pursued. He said ExxonMobil affiliate, Esso Exploration and Production...
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Guyana to fast-track second gas power plant as energy demand rises

Guyana’s government plans to accelerate construction of a second gas-fired power plant, President Irfaan Ali said this week, as...

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