Over 1,000 Guyanese worked on projects that culminated with the commissioning of the country’s first floating production storage and offloading (FPSO) vessel on Saturday, June 22, 2019, in Singapore. The vessel then set sail soon after for the South...
The prolific Stabroek Block offshore Guyana, covering an area of 6.6 million acres, still has multiple exploration prospects remaining with large swathes of the ExxonMobil-operated license still unexplored. This is despite the U.S. oil major and co-venturers Hess and...
After a lull of more than a year for staging oil and gas conferences and exhibitions in Guyana due to the pandemic, several events are being planned, beginning in Q1 2022, that will see a mixture of in-person and...
(Reuters) - Oil prices rose on Wednesday before an OPEC+ meeting in which the producer club is expected to stick to a plan to add 400,000 barrels per day (bpd) each month through to December.
The Organization of the Petroleum...
(S&P Global Platts) In August, average crude production by state-owned PDVSA and its foreign partners fell to 520,000 b/d, slightly below the 524,000 b/d reported for July, and 535,000 b/d below the recovery target announced in April by petroleum...
As the Government of Guyana pushes ahead with the planning and groundwork for the US$900 million gas-to-energy project, Chief Executive Officer of the Guyana Office for Investment (GO-Invest), Dr. Peter Ramsaroop, says the agency is welcoming investors who can...
INEOS E&P A/S, which is a part of INEOS Energy said on Monday it has completed the previously announced agreement to acquire the subsidiary HESS Denmark ApS. for a total consideration of $150 million, effective January 1, 2021.
Hess will...
In approximately 60 days results from the Sapote-1 drill campaign are expected to begin coming in and Eco (Atlantic) Oil & Gas Ltd., which holds an indirect interest in the Canje block, says it is excited and hopeful of...
During the first half of 2021, ExxonMobil Guyana and its contractors spent nearly GY$19 billion with more than 750 Guyanese vendors on goods and services ranging from food stuff to engineering. This has generated, either directly or indirectly, an...
On Friday August 27, production started from the Troll phase 3 project in the North Sea. The project has a break-even price below 10 dollars and CO2 emissions of less than 0.1 kg per barrel oil equivalent. The new wells...
