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New exploration on western portion of Stabroek Block significant – ASP

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US oil major ExxonMobil’s move to undertake a new 3-D seismic survey covering 12,000 square kilometers on the western portion of the Stabroek Block could be viewed as Guyana and the oil company “building a case for showing their...
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“Staggering” discoveries pushing record production – Hess

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Hess Corporation’s Senior Vice President – Exploration, Barbara Lowery-Yilmaz, says greater than five billion barrels of equivalent resource in four years is “pretty tremendous” referring to the record oil discoveries made off the coast of Guyana. Further, she said that...
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Guyanese business group calls for swift implementation of local content framework

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The Private Sector Commission of Guyana (PSC) is calling for the swift implementation of a local content framework within which local businesses can operate and meaningfully benefit from opportunities in the emerging oil and gas industry. Speaking at the Liza...
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Angola’s Sonangol, ExxonMobil sign oil exploration agreement

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(Reuters) - Angola’s state oil company Sonangol and ExxonMobil on Friday signed a memorandum of understanding for oil exploration in the country’s Namibe basin, the two firms said. Angola, Africa’s second-largest crude producer, is facing a steep output decline unless...
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More project approvals will give Guyanese companies confidence to invest, build capacity – Henson

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ExxonMobil Guyana Country Manager Rod Henson says the next decade will be transformational for businesses in the South American country and with the approval of more projects offshore, these local companies will become more confident to invest and take...
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Institute launched to boost maritime safety in oil and gas industry

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Combining courses being offered in the Maritime and Petroleum sectors, two local institutions have partnered to launch the Maritime Safety Training Institute (MSTI). The institute was on Thursday morning launched by MATPAL Marine Institute which operates out of the Critchlow...
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Guyana “monitoring” Russia/Venezuela military exercises

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The Ministry of Foreign Affairs in Guyana says it is monitoring developments regarding military exercises between Russia and Venezuela in that neighbouring country. International media reported that two Tu-160 bombers landed in Venezuela on Monday in a Russian show of...
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Tullow eyeing potential 4 billion barrel ‘game changer’ off Guyana coast

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United Kingdom based oil and gas exploration company Tullow is confident that it will strike oil off the Guyana coast where it has a 60% equity in the Orinduik Block and 37.5% equity in the Kanuku Block. Tullow’s Executive Vice...
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University of Guyana gets US$40,000 in equipment from ExxonMobil

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ExxonMobil Guyana on Tuesday donated US$40,000 in equipment to the University of Guyana’s Faculty of Natural Science. Since 2015, through its long-standing relationship with the university, the company has supported various projects. The highly specialised equipment included; a Baader Multi-Purpose...
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Brazilian regulator IBAMA denies Total license for offshore drilling

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Brazilian federal environmental regulator IBAMA has denied French oil company Total a license to drill in the environmentally sensitive Foz do Amazonas Basin, accusing the company of failing to submit documents and complete impact studies despite several requests. The discovery...
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Guyana continues to defy expectations, says U.S. market intelligence firm

Americas Market Intelligence (AMI) has once again placed Guyana in a category of its own, labeling it as “great”...

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