News

The Yellowtail and Redtail fields will be developed with approximately 41 to 67 development wells drilled from six drill centers, each with separate production, gas re-injection, and water injection manifolds. According to the preliminary field layout for the Project...

(MercoPress) Brazil's oil company Petrobras Monday decreed an increase in the price of gasoline of 7.04% at refineries and 9.15% in the case of diesel fuel, it was announced. These adjustments were to impact the price consumers pay at...

Youth Challenge Guyana (YCG) said on Monday its long-standing partnership with ExxonMobil Guyana continues and will see another group of young men and boys from South Turkeyen and surrounding communities benefitting from technical training and mentorship. Last year’s programme was...

Guyana Logistics and Support Services (GLASS) Incorporated was established in 2011 and serviced the mining industry for some time. However, the business experienced some ‘dormant years,’ according to the company’s Human Resources and Manpower Services Manager, Romona Rahat, who...

While ExxonMobil’s GY$1.8 trillion Yellowtail project is poised to generate significant revenue flows for Guyana, previously sanctioned projects have already pumped billions of dollars into the local economy while enhancing the country’s upstream petroleum industry. According to the Yellowtail Environmental...

Mid-Atlantic Oil and Gas, a Junior partner in the Canje Block offshore Guyana, continues to support the efforts of the Extractives Industry Transparency Initiative (EITI) through the work of its local body, GYEITI. The Guyanese-owned company has been submitting all...

QatarEnergy has signed an agreement with ExxonMobil to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to...

Guyanese consortium NRG Holdings Incorporated, developers of the massive Port of Vreed-en-Hoop Project, has provided GY$5 million to the Guyana Marine Conservation Society to fund a ‘Birding Study’. The donation was received by the Conservation Society on October 15,...

The International Energy Agency (IEA) said in its latest World Energy Outlook (WEO) 2021 report that under its base case 'Stated Policies' (STEPS) scenario, global oil demand exceeds 2019 levels by 2023 then levels off at 104 million b/d...

By Simon Flowers – Chairman, Chief Analyst & author of The Edge at Wood Mackenzie For over a century, exploration was at the sharp end of the rise of the oil and gas industry. The allure of discovery and huge...