News

Crude oil production at the ExxonMobil-operated Stabroek Block decreased significantly in July due to temporary shutdowns at the Liza field. Government data shows output at 427,000 barrels per day (b/d) in July, down 34% from 644,000 b/d in June. Monthly...

bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited (EOG) have announced a joint venture to develop the Coconut gas field, located off the southeast coast of Trinidad in the Columbus Basin.  The partnership, structured as a 50/50 joint...

Guyana now produces more hydrocarbons in the Caribbean region than veteran producer Trinidad and Tobago (TT).  Data from TT's Ministry of Energy and Energy Industries shows oil and condensate production of 50,246 barrels per day (b/d) in the first four...

Block 52 off the coast of Suriname is showing some promise with discoveries made by Malayasian operator, Petronas. So much so that the company is mulling what could be Suriname’s first standalone gas development.  Petronas already hinted at a floating...

Guyana’s Natural Resource Fund received US$1.38 billion (GY$288.35 billion) in revenue from oil sales and royalties in the first half of 2024. This amounted to approximately US$7.6 million (GY$1.58 billion) per day.  Payments were included for 15 million-barrel lifts of...

ExxonMobil has made over 30 discoveries in Guyana’s Stabroek Block, but none have managed to boot the Ranger-1 well from its rank as the deepest to ever be drilled. The Ranger discovery, made in 2018,...

ExxonMobil is set to relinquish a portion of the 6.6-million-acre Stabroek Block in October, as it moves on to the final phase of the exploration period. The petroleum agreement governing operations at this block dictates that Exxon should relinquish at...

Innovative telehealth solutions are revolutionizing remote medicine in oil-rich Guyana, but their adoption in the U.S. is stifled by over-regulation. By Arick Wierson, Observer Despite all the astonishing advancements in medicine in the U.S. in recent years, policymakers and health care providers have yet to come...

If there is one thing the government is sure of, it’s the successful execution of Guyana’s Gas-to-Energy project, with or without the loan it requested from the U.S. Exim Bank.  The delays in its approval have caused some uncertainty.  But according...

For TotalEnergies' Block 58 project, drill cuttings from the four wells near environmentally sensitive areas may be disposed of onshore in Guyana or Trinidad and Tobago. This is according to the environmental and social impact assessment submitted to Suriname’s...