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Stabroek co-venturer identifies potential 5th and 6th developments

OilNOW -
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...
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Guyana determined to ensure economy not solely dependent on oil

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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...
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Canje Block explorer JHI puts GY$10 million towards flood relief efforts

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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...
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Guyana capacity to support offshore operations growing – ExxonMobil

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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...
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Oil jumps to 2-year high as travel picks up

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(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...
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Guyana’s huge offshore developments take centre-stage at opening of ‘Gateway’ event

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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...
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High-level Suriname delegation visits UK-based EnerMech at Guyana Shore Base

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Chief Executive Officer of Staatsolie Maatschappij Suriname, Mr. Anand Jaggesar and other senior staff, accompanied by Suriname Minister of Foreign Affairs, International Business and International Cooperation Albert R. Ramdin and Minister of Natural Resources David Abiamofo, recently visited EnerMech Guyana Inc....
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Exxon planning to cut staff by up to 10% at U.S. offices over next 3 to 5 years

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(Bloomberg) -- Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to...
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Guyana, Suriname will eat up more deep water investments as majors double down

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Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under...
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Avoid using oil money as ‘emergency slush fund’, urges financial analyst

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Challenges brought on by unprecedented flooding across Guyana and the impact of the COVID-19 pandemic have seen some sections of the populace calling for government to tap into the Natural Resource Fund (NRF) which currently holds over US$344M in...
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Guyana's Oil LedgerKemol King -

ExxonMobil Guyana produced 841,000 barrels of crude per day in October

ExxonMobil Guyana’s offshore oil production averaged 841,000 barrels per day (b/d) in October across the four producing Stabroek Block...

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