Due to the significant recoverable resources discovered at the Yellowtail field, IHS Markit estimates that total cash flow will amount to almost US$10B when ExxonMobil and co-venturers Hess and CNOCC move to develop the area.
IHS, a global leader in information,...
Guyana’s first offshore development reached peak output last December with production hitting 120,000 barrels of oil per day. These barrels, albeit modest at this early stage of Guyana’s offshore development, will nevertheless add to the global supply this year....
Independent Data Services (IDS) has been awarded a six-figure fleet-wide deal with Stena Drilling, operator of the Stena Carron drillship, which has been on contract with ExxonMobil exploring for oil offshore Guyana.
Following successful six-month operational trials on the Stena...
The Guyana Revenue Authority (GRA) said it will be replacing the current tax administration software - TRIPS II with a new tax software Optimal Revenue Management System (RMS) In February 2021, to improve taxpayer convenience and internal operational efficiencies.
In...
The carbon footprint of exploration and production companies (E&Ps) is having an increasing impact on investment levels, access to capital and – in some regions – the social license to operate. Rystad Energy has conducted a comprehensive company-level analysis...
With limited budgets and rich inventories after a few years of active acreage loading, explorers will drill only the prospects that really matter this year. In its new report on global exploration, UK-based consultancy group Wood Mackenzie said companies...
Governments, particularly those in economies dependent on the oil industry are looking to do their part by ensuring exploration and production activities remain economically feasible in an era where fiscal stress continues to be high, brought on by the...
(S&P Global Platts) Crude oil futures rose in mid-morning trade in Asia Jan. 13 on a larger-than-expected draw in US crude inventories and a weakening US dollar.
At 10:29 am Singapore time (0229 GMT), the ICE Brent March contract was...
The Caribbean Community on Tuesday joined with Guyana and the international community in condemning the move by President of Venezuela, Nicolas Maduro, to claim sovereignty in the waters and seabed adjacent to Guyana’s coast, west of the Essequibo River,...
(AP) — Ford Motor Co. said Monday it will close three plants in Brazil and stop producing automobiles in the South American country where it has been operating since 1919.
The company said in a statement it will cease production...
United States Senator Michael Bennet (Democrat, Colorado) has proposed new legislation aimed at enhancing security cooperation with Guyana, deterring...