Although already delayed since 2019, if the Payara development is approved by the end of September, this will ensure that the 2023 timeline for oil production start-up remains on track, adding another 220,000 barrels of oil per day to...
The Energy Chamber of Trinidad and Tobago on Wednesday launched its Local Content Management System (LCMS), the first of its kind in the region, which seeks to establish a robust framework to estimate the proportion of a dollar spent...
Kosmos Energy on Wednesday said that it has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC, to farm down interests in a portfolio of frontier exploration assets for approximately...
UK-based Tullow Oil said on Wednesday it is still processing data from the discoveries it made last year at the 1,800km2 Orinduik block offshore Guyana.
The block partners had found oil at the Jethro-1 and...
As the volume of petroleum resources at the prolific Stabroek Block offshore Guyana continues to increase with yet another discovery announced by US oil major ExxonMobil on Tuesday, the country’s Minister of Natural Resources says the Payara development, which...
Guyana’s new Minister of Labour, Joseph Hamilton has been engaging oil companies to address issues in the oil and gas sector such as equal pay for Guyanese workers. According to the official, companies including ExxonMobil and Tullow Oil have...
Guyana’s Minister of Natural Resources Vickram Bharrat said on Tuesday that the recently appointed Local Content Advisory Panel has already commenced work and will soon be holding consultations and workshops with the relevant stakeholders.
He was at the time speaking...
Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years, Rystad Energy said in a report on Tuesday. With auctions already adopted throughout Latin America, the Norway-based...
Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource
ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
Authorities in Guyana said on Monday no revenue from the country’s growing Natural Resources Fund (NRF) account will be used for an emergency budget set to be presented this week.
In December 2019, Guyana began producing oil at the ExxonMobil-operated...