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Elections timeline remain in limbo in oil-rich Guyana

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Speaker of the National Assembly in Guyana, Dr Barton Scotland has chosen not to reverse his position on the vote of no-confidence which was carried on December 21, 2018, effectively bringing the life of the APNU+AFC coalition government to...
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CNOOC Limited’s Egina Field commences production

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CNOOC Limited, a 25 percent stakeholder in Guyana’s prolific offshore Stabroek Block along with ExxonMobil (45 percent) and HESS (30 percent), announced on January 2, 2019 that its Egina Field, located in deepwater offshore Nigeria, has commenced production. The company...
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Fire at Noble well site in Texas damages three oil tanks

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While there have been no reported injuries, a fire on January 2, 2019 at a Noble Energy site in Reeves County, Texas damaged three oil tanks which were still burning late Wednesday morning, a report from Upstream Online stated. Three...
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Granger says gov’t will uphold constitution, commits to talks with the opposition in 2019

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President of Guyana, David Granger, says his government remains committed to upholding the constitution and will be pursuing discussions with the opposition in 2019 to determine the way forward for the oil-rich South American nation. The President made these remarks...
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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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ExxonMobil’s Longtail project to operate for 30 years, producing premium condensate and gas

ExxonMobil’s next development offshore Guyana, the Longtail project, is being designed to operate for three decades, making it the...

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