News

Over 70 contractors participate in Exxon safety workshop

ExxonMobil Guyana held a safety workshop on Thursday for companies that provide onshore services to support its operations. The workshop focused on life saving actions, learning from incidents, field leadership and workforce engagement. Staged at the Pegasus Hotel in Kingston,...

ExxonMobil confirms sale of Norway upstream operations for $4.5 billion

ExxonMobil announced on Thursday that it has signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion...

Election could take place by March 2 in S/America’s newest O&G hotspot

Guyanese could go the polls by March 2, 2020 to elect a new government. This was announced by the country’s President, David Granger, in an address to the nation on Wednesday evening. The President said after speaking with the country’s...

Exxon evaluating multiple wells to firm-up future development plans in Guyana

ExxonMobil is evaluating several wells on its multi-billion-barrel Stabroek block offshore the South American country of Guyana where it has made a record 14 discoveries since 2015. As the US oil major looks for new plays in different areas on...

Exxon is back in Brazil – and betting big on deepwater oil

(Bloomberg) In November 2010, Exxon Mobil Corp. dispatched workers to a platform off the coast of Brazil, hoping to strike oil in one of the energy industry’s most anticipated drilling programs. About 2,300 meters (1.4 miles) below the surface,...

Guyana among countries set to transform Latin America into oil production powerhouse

Mexico and Venezuela have long been key oil producers of Latin America but with political uncertainty and market volatility mounting, a new generation of oil producing countries are set to transform the region. This includes the tiny country of...

CGX hires PGS for Corentyne survey, defers rig contract

Canadian oil and gas company CGX Energy has hired PGS to conduct a 3D seismic survey over its Corentyne Block offshore Guyana. CGX has also deferred all operational obligations under its drilling rig contract for the Ralph Coffman jack-up...

Thousands of expatriates in Guyana with high demand for numerous services

The emerging oil and gas sector in Guyana is giving rise to numerous opportunities for business ventures ranging from small to large-scale enterprises. Many of the growing opportunities are also outside of mainstream oil and gas activities and this...

Costa Rica could take 2nd referendum in country’s history to pursue oil production

Costa Ricans could get the chance to vote on the future of their country’s oil and gas exploration policy after a court on September 20 authorized pro-exploration activists to gather signatures for what would be only the second referendum...

Eco Atlantic boss not sure market fully understands significance of Joe discovery

Chief Executive Officer of Eco Atlantic Oil & Gas, Gil Holzman says he is not sure the market fully understands the significance of the company’s second oil discovery at the Joe-1 well offshore Guyana. Speaking on a recent podcast, Proactive...

Latest News

‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...