News

CEO of Eco Atlantic Oil and Gas Gil Holzman says that with the rare back to back oil finds in the Jethro-1 and Joe-1 wells in the Orinduik Block offshore Guyana, he believes that this is a portent of...

The World Bank is assisting the Environmental Protection Agency (EPA) in Guyana with the establishment of a Petroleum Unit to address oil and gas matters as first oil approaches in the South American country. However, EPA's Executive Director, Dr. Vincent...

The United States in on a mission to help the South American country of Guyana remain on a democratic path where its newfound oil wealth will benefit all of its people. This commitment was reiterated on September 18 by U.S...

US oil major ExxonMobil is putting up for sale its 50% stake in the Gippsland Basin oil and gas development in Australia’s Bass Strait as part of a broader review of its portfolio of assets around the world. The Gippsland...

The International Monetary Fund is urging the Government of Guyana to implement the recommendations of the first Extractive Industries Transparency Initiative (EITI) report for Guyana, submitted by the Independent Administrator BDO LLC in April 2019. This is according to an...

The International Monetary Fund (IMF) has called Guyana’s medium-term prospects “very favourable” as the South American country prepares for oil production in early 2020. The Fund has projected that oil will account for around 40 percent of the country’s...

Norway-based Rystad Energy says the Joe discovery on the Orinduik block offshore Guyana, announced on Monday, is tens of millions of barrels less than anticipated. The Joe-1 exploration well was drilled to a final depth of 2175 meters and encountered...

The discovery of 52 feet (16 meters) of continuous high quality oil-bearing thick sandstone at the Joe-1 exploration well offshore Guyana is being viewed as a significant development by the explorers on the block, particularly since it opens a...

Sembcorp Marine’s subsidiary Estaleiro Jurong Aracruz (EJA) has crossed a significant operational milestone with the completion of its first floating production, storage and offloading (FPSO) project. P-68, a newbuild FPSO vessel, left the shipyard on Monday and will be deployed...

A number of international experts in oil and gas exploration and production are lending their voices in the conversation of safeguarding Guyana from oil spills and other negative environmental impacts, as the South American nation moves closer to its...