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Touchstone makes major discovery in Trinidad at deepest exploration well to date

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Touchstone Exploration Inc. announced on Friday that it has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Royston-1 was drilled to a total...
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Oilfield services company, ChampionX, opens Guyana storage facility

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A new storage facility to service Guyana’s growing oil and gas industry was opened at McDoom on the East Bank of Demerara, on Thursday. ChampionX, a contractor of ExxonMobil Guyana, said it is committed to operating in a manner...
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Lone company submits bid to prepare Guyana’s third EITI report

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BDO LLP, a consultant firm based in the United Kingdom, is the only company to successfully submit a tender to prepare Guyana’s third Extractive Industries Transparency Initiative (EITI) report. This consultant’s tender was opened on Tuesday at the National Procurement...
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Guyana oil will find its way to market one way or another – IHS Markit Analysts

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Despite the challenges of the COVID-19 pandemic and growing pains related to oil production in a new area, analysts say Guyana offshore activities will remain robust and continue to grow. Speaking on a podcast focusing on upstream developments offshore Guyana...
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Exxon to provide over GY$400 million to support government audits for Payara project

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According to the Payara Petroleum Production Licence, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is expected to provide Guyana with US$400,000 (GY$82,800,000) annually for five consecutive years to support independent audits to be carried out by the...
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Crude oil futures stable to higher

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(S&P Global Platts) Crude oil futures were stable to higher during mid-morning trade in Asia trade Sept. 23 amid supply constraints and a draw in US crude stocks. At 10:10 am Singapore time (0210 GMT), the ICE November Brent futures...
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Some Guyana wells at ‘bleeding edge of technology’ – Rystad Energy

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Drilling a well thousands of meters below the surface guided by data analysis is never a guarantee that large volumes of hydrocarbons will be found, which has so far been the case with prospects drilled outside of Guyana’s prolific...
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Rome court says no to extradition of Venezuela ex-oil czar

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(AP) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s record in violating human rights, his Italian lawyer said Monday. Rafael Ramirez, the longtime head of...
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Guyana President, OAS Secretary General discuss Venezuela border controversy

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President of Guyana Dr. Mohamed Irfaan Ali and several members of his government met with the Secretary-General of the Organization of American States (OAS), Mr. Luis Almagro on Tuesday. The Office of the President in Guyana said a number of...
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Oil producers Guyana and Ghana agree to enhance collaboration

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Guyana’s President, Dr. Mohamed Irfaan Ali and his Ghanaian counterpart, Nana Addo Dankwa Akufo-Addo held discussions on Tuesday and agreed to work closer together. According to a press release from the Office of the President, high on the agenda is...
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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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