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Drilling continues at Carapa prospect – results expected this month

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The search for hydrocarbons continues at the Carapa—1 prospect located in the Kanuku block offshore the South American country of Guyana, with results expected over the next several days. “Repsol is currently focused on drilling the Carapa exploration well with...
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Bidders for lifting Guyana oil cargo include Exxon, Chevron

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Several international oil companies including majors such as ExxonMobil and Chevron are bidding for the opportunity to lift Guyana’s first share of oil cargoes from the Liza field at the Stabroek Block early next year, the country’s Department of...
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‘Clear de way, Guyana coming back’

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By Professor Anthony T Bryan (Jamaica Observer) Clear de way, Guyana coming back is the title of a lively vintage calypso by Dave Martins and the Tradewinds about several Caribbean nations in a virtual horse race competing for prominence. Perhaps...
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Revenue management laws should sanction conflict of interest, corruption – Economist

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A Guyanese economist believes his country, an emerging oil and gas hotspot which is due to begin oil production potentially within the coming days, should endeavour to ensure that the relevant revenue management laws being crafted have sufficient provisions...
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300 women part of local workforce supporting ExxonMobil operations in Guyana

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At the close of the third quarter of 2019, more than 1,700 of the workers supporting project development activities at the Stabroek Block offshore Guyana are Guyanese, 300 of which are women in both the professional and technical fields. ExxonMobil...
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Dept. of Energy assures it is pursuing best value for Guyana’s crude

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Guyana’s Department of Energy (DE) on Sunday issued a statement responding to concerns in sections of the media about the approach being taken to sell the country’s first three lifts of crude from the Liza Phase 1 Development set...
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Measures to introduce Liza grade crude to market consistent with Petroleum Agreement – Dr. Bynoe

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As Guyana gears up for oil production, possibly within days, the Department of Energy (DE) is pursuing discussions with a few companies for the potential placement of the country’s first 3 cargoes from its entitlement, as part of measures...
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Traders expected in Guyana within days to bid on oil cargoes

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At least half a dozen traders from Houston, Geneva and London are set to arrive in Guyana this weekend to bid on some of the first oil cargoes to be produced by the tiny South American nation. "After careful consideration,...
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Global upstream investments set to decline in 2020

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Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4%. Investments in shale/tight oil are expected to contract the most next year by almost 12%. Rystad Energy believes that the lower oil price and...
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Mexico’s major oil find could strangle foreign investment for years: analyst

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(S&P Global Platts) Pemex's massive new oil discovery at the Quesqui field might paradoxically prove to be the worst news of 2019 for Mexico's energy sector, as it will be used to justify a shunning of badly needed private investment...
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ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge,...

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