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Investors not attracted to risky basins; Guyana will seek larger share going forward – Bynoe

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While the terms of the Production Sharing Agreement (PSA) Guyana has with ExxonMobil for its Stabroek acreage remain in the spotlight, the head of the country’s Department of Energy (DE) says that government’s take in basins that are not...
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40% of resources to be sanctioned for 2019 gets greenlight

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While large projects such as the Liza Phase 2 development in Guyana are expected to get the greenlight by the of the year, so far sanctioning volumes year-to-date have reached 40% of resources planned to be sanctioned, driven by...
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Iran announces capture of British oil tanker; US officials say two ships seized

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(CNN) Iran announced the capture of one British ship in the narrow Strait of Hormuz Friday, and US officials say that a second has also been seized. Iran's Islamic Revolutionary Guard Corps (IRGC) said on Friday that its navy had...
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Liza Destiny’s helideck receives green light from GCAA

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The Guyana Civil Aviation Authority (GCAA) sent its Chief Air Navigations and Aerodromes Inspector, Mr. Adrian Bassier, to conduct a helideck inspection aboard the Liza Destiny, in Singapore. The inspection was conducted in collaboration with the Ghana Civil Aviation Authority...
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Minister hopes UG’s ‘Intelligent Radio’ brings back smart reporting

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Intelligent Radio Studios is the newest station on the nation's airwaves. On Thursday, July 18, 2019, the University of Guyana (UG), with support from ExxonMobil Guyana, celebrated the revitalization of UG's campus radio programming. The University had established its...
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Ratio Petroleum inks deal with Philippine National Oil Company

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The Philippine National Oil Company (PNOC) on July 12 inked a deal with Israeli firm ration Petroleum to “establish cooperation” for the exploration and development of oil and gas resources in the country, the Energy Department said. According to a...
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Floating oil production platform sets sail for Guyana oil bonanza

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The 120,000 barrels per day Liza Destiny FPSO has departed Singapore for Guyanese waters where it will begin oil production within months at the giant Liza field in the Stabroek Block. Christened on June 22, 2019 by Guyana’s First Lady,...
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Guyana production could help fill ‘giant oil supply gap’ looming

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Chairman and Chief Analyst at Wood Mackenzie, Simon Flowers says a giant oil supply gap is looming. If, as is expected, oil demand peaks at 110 million b/d in 2036, the inexorable decline of fields in production or under...
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Guyana, TT American Chambers stage 1st HSSE conference in Georgetown

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As Guyana prepares for first oil, the need for Health, Safety, Security and the Environment (HSSE) standards was further highlighted on Wednesday when the American Chamber of Commerce Guyana (AMCHAM), in collaboration with its sister organisation in Trinidad and...
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IEA sees oil market oversupplied in 2019 on U.S. production

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(Reuters) - Surging U.S. oil output will outpace sluggish global demand and lead to a large stock build around the world in the next nine months, the International Energy Agency (IEA) said on Friday. The forecasts appear to predict the...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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