News

CGX Energy Inc. said on Friday that well results so far from Kawa-1 are consistent with pre-drill expectations, signaling potential positive results from its first campaign offshore Guyana in over 9 years. “The well results thus far are consistent with...

A growing number of companies operating in Guyana’s oil and gas industry are moving more of their supply operations from Trinidad and Tobago and other locations to the South American country, as local capacity to execute projects increase. ExxonMobil Guyana...

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...

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...

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...

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...

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...

(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...

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...

(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...