Guyana’s President David Granger says the issue of energy was discussed with a team of United States Congressional officials during a meeting held on Thursday at State House in the country’s capital, Georgetown. Some of the visiting Congressmen, the President...

UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of oil per day by 2027 while estimating total recoverable reserves in the Stabroek Block to...

As discussions continue in Guyana on the prospect of piping liquefied natural gas to shore, a public official with oversight of the electricity sector believes the availability of low-cost power will serve to entice a number of large manufacturers...

In wake of the release of the ExxonMobil contract on December 28, 2017, the Private Sector Commission (PSC) has decried what it describes as a paucity of benefits for the business community and hopes that this can be addressed...

Industry analyst Wood Mackenzie believes oil production in Guyana could reach as high as 400,000 barrels per day by 2026 as multiple phases of development and production come on stream. Pablo Medina, Wood Mackenzie`s senior analyst, Latin America, said ExxonMobil’s fifth...

The recent visit to ExxonMobil’s Houston, Texas campus by a team of Guyanese officials was part of ongoing dialogue, project updates and capacity building related to offshore deep-water activities being undertaken by the US super-major in the South American country. OilNOW...

Petrobras is preparing to drill four wells in Rio de Janeiro as it moves ahead with a pilot project to test carbon capture and storage (CCS) in a saline reservoir. The São Tomé CCS Pilot Project will be the first...

Guyana expects 309 million-barrel cargoes of crude oil to be produced and exported from the Stabroek Block in 2026. But when a tanker arrives to collect roughly one million barrels from one of the floating production vessels offshore, how is...

An oil field does not have to run out of crude for its production to start falling. In fact, declining production is a normal part of an oil field’s life. A reservoir may still contain millions of barrels underground while...

Staatsolie Maatschappij Suriname N.V. is investing in the renovation of two buildings at the Anton de Kom University of Suriname as the country prepares for greater demand for technical skills linked to its emerging offshore oil and gas industry. The...