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Guyana’s tenth oil discovery makes her a future Latin American powerhouse

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(Merco Press) Due to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said. The super-major announced its tenth Guyana discovery this week, increasing the...
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Exceptional reservoirs in Brazil, Guyana and Mexico will attract the most investment in 2019 – Wood Mac

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The exploration industry has fought its way back to profitability, and is now keen to stay there says industry analyst Wood Mackenzie in December 19 report. Explorers will continue their disciplined and cautious approach to ensure spending remains low...
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‘Political developments’ won’t derail Guyana’s O&G preparations – Persaud

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Guyana's former Minister of Natural Resources and the Environment Robert Persaud believes that the current trajectory that the country is on with regards to its oil and gas preparations will be maintained notwithstanding the recent collapse of the coalition...
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Guyana Opposition Leader prepared to support pact for no campaign financing from oil companies

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As citizens of Guyana prepare for an early General Elections, the Opposition Leader, Bharrat Jagdeo is suggesting that the political parties vying for office sign “a pact” to not accept campaign funding from oil companies. “I think we should be...
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ExxonMobil says exploration and development drilling in Guyana unaffected following Venezuela navy incident

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ExxonMobil said on Wednesday that drilling and development operations offshore Guyana are unaffected by an incident which occurred on Saturday, December 22, in which survey vessels contracted by the company were intercepted in the Stabroek Block by the Venezuelan navy. In...
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CARICOM pledges “full support” for Guyana after Venezuela navy intercepts ExxonMobil survey vessel in Stabroek Block

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The Caribbean Community (CARICOM) on Monday evening said it views with grave concern the “reported interception by the Venezuelan navy on Saturday, 22 December 2018 of a seismic research vessel flagged by the Government of the Commonwealth of The...
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“Not a squeak from CARICOM” on Venezuela’s latest threat to Guyana’s sovereignty – Persaud

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Almost three days after Venezuela’s navy intercepted a survey vessel contracted to ExxonMobil operating in the western portion of Guyana’s Stabroek Block, the 15-member CARICOM body of which Guyana is a founder-member, is yet to issue a statement on...
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DoE expects no disruptions in O&G functions due to early elections in Guyana

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Head of Guyana’s Department of Energy (DoE) Dr Mark Bynoe says his agency will continue to carry out its mandate in preparing the country for first oil in 2020 despite last week’s passage of a No-Confidence motion in the...
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US says Guyana has sovereign right to explore resources offshore as country files complaint with UN

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The United States Department of State on Sunday said through its Deputy Spokesperson, Robert Palladino, that the South American country of Guyana has the sovereign right to explore resources off its coastline. The statement comes in response to what Guyana has...
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International investment community watching Guyana – Kevin Ramnarine

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Former Minister of Energy and Energy Affairs in Trinidad and Tobago Kevin Ramnarine is of the view that the eyes of the international investment community are on Guyana given the events that unfolded in the South American country’s legislature...
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An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

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