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Stabroek reservoirs expected to deliver high production rates – Hess

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The deepwater reservoirs in Guyana’s Stabroek block where more than 5.5 billion barrels of oil have been found rank among the best in the world for quality and are expected to deliver high productivity. This is according to Chairman...
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Shell sets out oil, gas growth case despite fossil fuel qualms

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(S&P Global Platts) Shell pledged Tuesday to continue growing its oil and gas production over the coming decade by spending more developing its shale assets while holding output steady from deepwater and conventional upstream projects, despite escalating climate concerns...
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Kosmos strikes oil at Gladden Deep

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Kosmos Energy (NYSE: KOS) (LSE: KOS) announced on Tuesday an oil discovery at Gladden Deep in the US Gulf of Mexico (GOM) where the company has a 20% working interest. Gladden Deep is a sub-sea tie back which is expected...
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Staatsolie, TT oil company enter production sharing contract for Nickerie block

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Staatsolie Maatschappij Suriname N.V. and Trinidad and Tobago’s Decker Petroleum Marketing Co. LTD, have signed a production sharing contract for the Nickerie block. Decker will explore the Nickerie block for oil and gas. The duration of the contract, signed on...
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Chevron looks for a way out from U.S.’s Venezuela oil sanctions

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(Bloomberg) Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change. Chevron executives have been telling local staff that the company expects...
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Oil revenues can place Guyana on sustainable development pathway – Dr. Bynoe

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Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe said the sustainable development of Guyana’s hydrocarbon discoveries and the revenues it will generate have the potential to place the country on a sustainable development pathway.  According to a...
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Canje explorers not contacted in ‘oil blocks probe’; says all laws were followed in application for acreage

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As more stakeholders continue to speak out regarding an apparent investigation being conducted by an anti-corruption agency in Guyana over the award of oil blocks in the lead up to the 2015 national elections, two partners in the Canje...
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Former Guyana President says no illegality surrounds award of oil blocks; calls probe ‘political ploy’

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Guyana’s former President, Donald Ramotar, who held direct responsibility for petroleum at the time offshore oil blocks, which are currently the subject of an anti-corruption probe, were awarded, is calling the investigation a political ploy designed to distract from...
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US Gulf of Mexico oil production on track to set new records

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Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, according to Rystad Energy. Thanks to an impressive sprint, Royal Dutch Shell has started producing oil and gas at its Appomattox...
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Energy department says oil benefits for Guyanese is top priority

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Guyana’s Department of Energy (DE) says it stands firmly by the deadline of June 2019 for the finalization of a local content policy framework, which will serve to ensure the people of Guyana benefit from the multi-billion barrel petroleum...
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

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