News

Guyana will be the focus for UK-based Tullow Oil’s exploration drilling programme in 2019 as the company gears up to drill the Jethro prospect in the second quarter of the year, as the first of two planned wells on...

Thirteen companies have submitted Expressions of Interest (EOI) and five have been shortlisted with evaluations set to commence soon, for the award of a contract for the execution of ExxonMobil Guyana’s cost-recovery audit. Director of the Department of Energy in...

Ahead of its April 25, 2019 reporting deadline, the Guyana Extractive Industries Transparency Initiative (GYEITI) on Tuesday met with stakeholders at Cara Lodge, Quamina Street, Georgetown. After becoming a candidate of the Extractive Industries Transparency Initiative (EITI) in October 2017,...

Guyana could soon have its first open bid round for oil blocks by Q1 2020 the Director of the Department of Energy (DoE), Dr. Mark Bynoe, told reporters on Monday. An overhaul of the 1986 Petroleum Exploration and Production Act,...

In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018, says Westwood Global Energy Group. One of...

As Guyana prepares for first oil in 2020 from the Liza Phase 1 Development, and multiple additional projects on the horizon, with an estimated ramp up to 750,000 bpd by 2025, its western neighbor Venezuela, could see production drop...

A review of Guyana’s 1986 Petroleum (Exploration and Production) Act is underway as the country moves to modify and modernize the document which is the basis for a number of Petroleum Agreements it has signed with oil companies exploring offshore. This is according...

Head of Guyana’s Department of Energy (DoE), Dr. Mark Bynoe, says that renegotiation of the Production Sharing Agreement (PSA) between US oil major ExxonMobil and the South American country is not currently being discussed and reiterated that such a course...

(Reuters) - Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production. The...

The Guyana International Petroleum Exhibition (GIPEX), originally scheduled to be held in March 2019, has been postponed to the 3rd quarter of the year. The inaugural event, held from February 7 to 9, 2018, at the Guyana Marriott Hotel, was...