News

Reuters: Guyana opening search for oil firm to trade its crude – official

Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the Director of the Department of Energy, Mark Bynoe, told Reuters in a...

Forbes: first light crude from Guyana signals start of new oil-producing region

(Forbes) As the tiny nation of Guyana sends off its first tanker full of crude, the world welcomes a newcomer to the ranks of high volume oil producers. With fresh discoveries this month off small nearby countries, this small stretch...

Guyana offshore is like a ‘city lit up at night’ – Liam Mallon

In just four years the deepwater off the coast of Guyana has seen a significant uptick in traffic with the ramp up of exploration in the prolific Stabroek Block and the preparation and start of the Liza Phase 1...

DE to collaborate with transparency body for disclosures on Guyana’s oil sales

As the Guyana government prepares to sell its first oil lift from the Liza Phase 1 development in the prolific offshore Stabroek Block, the Department of Energy sees collaboration with the Guyana Extractive Industries Transparency Initiative (GYEITI) as integral...

Equipment operators being sought for ExxonMobil Guyana head office project

Nabi/KCL Oilfield Construction Services Guyana has advertised for a number of construction equipment operator positions as it gears up to begin construction of the head office of ExxonMobil Guyana, operator at the 6.6 million acres Stabroek Block. The positions, totaling...

Guyana enters new era as first oil cargo exported

Guyana’s journey as an oil producer has just begun and promises to bring massive transformation to the tiny South American country. The oil tanker Yannis P set sail on Monday with the first 1 million barrels of oil to...

Bankers ‘bombarding’ Guyana – finance minister tells Reuters

Guyana’s Finance Minister Winston Jordan says bankers are ‘bombarding’ the small South American country which recently became an oil producer and exported its first crude cargo on Monday. Jordan, in an interview with Reuters’ Luc Cohen in Georgetown, said government...

Halliburton records $1.7B loss in Q4 2019

US oil field service company Halliburton (NYSE:HAL) on Tuesday announced a net loss of $1.7 billion, or $1.88 per diluted share, for the fourth quarter of 2019. This compares to net income for the third quarter of 2019 of $295 million, or $0.34 per diluted...

Tanker departs Stabroek Block with first 1 million barrels of Liza crude

The first oil tanker to lift crude from the prolific Stabroek Block offshore Guyana departed the country’s waters on Monday with the first 1 million barrels of oil. The Ministry of the Presidency, Department of Energy (DE) said the oil...

CGX, Frontera looking to identify ‘higher quality ranked list of prospects’ for Guyana drill campaign

CGX Energy and joint venture partner Frontera Energy are looking to complete a 3D seismic program on the northern section of the Corentye block offshore Guyana during the first half of 2020 that will help to determine best prospects...

Latest News

Ali in fiery exchange with BBC journalist about Guyana’s oil

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Shakur, on the sidelines...