As the volume of petroleum resources at the prolific Stabroek Block offshore Guyana continues to increase with yet another discovery announced by US oil major ExxonMobil on Tuesday, the country’s Minister of Natural Resources says the Payara development, which...

Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...

New oil producer Guyana has much to gain from advancing development projects at its vast offshore oil fields where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent resources and other explorers...

Trinidad and Tobago’s Ministry of Energy and Energy Industries on August 11 reported that the Country’s natural gas production plummeted in June to its lowest level since 2016 averaging a mere 3.110 billion standard cubic feet per day (Bscf/D). The...

Guyana’s President, Dr. Irfaan Ali, says his administration is committed to establishing a natural gas facility to meet the energy needs of the South American nation. Dr. Ali's comments come almost a week after President of ExxonMobil Guyana, Alistair Routledge,...

Natural gas from Guyana’s Stabroek Block can be piped to shore by the mid-2020s for the provision of cheap and cleaner electricity and production of valuable liquids such as propane (cooking gas) and butane. ExxonMobil Guyana President, Alistair Routledge, said...

President of ExxonMobil Guyana, Alistair Routledge, said on Wednesday approximately 20 percent of the more than 8 billion barrels of oil equivalent resources found so far at the prolific Stabroek Block, is natural gas. “You'll be familiar with the 8 billion oil equivalent barrels of...

(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...

Chief Executive Officer (CEO) of the Guyana Office for Investment, Owen Verwey, says Guyana is now a prime investment destination for oil and gas as well as a wide cross section of industries that make up the country’s diverse...

Additional challenges with the gas handling system on the Liza Destiny FPSO has resulted in ExxonMobil taking a decision to limit oil production in order to curb flaring. Despite the challenges, the company says it is continuing to safely...