With high-impact drilling set to make a rebound in 2023, there are several high-impact wells in the Guyana-Suriname Basin to watch out for. Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect, whether...

A new Environmental Impact Assessment (EIA) published by Guyana’s Environmental Protection Agency (EPA) has confirmed that even with ExxonMobil’s aggressive development plans, the country’s carbon sink status would remain. Basically, Guyana’s forests remove a lot more greenhouse gas (GHG) emissions...

Natural Resources Minister, Vickram Bharrat, confirmed on Friday that Guyana and India are exploring a long-term agreement on crude oil purchase as Guyana prepares to bring the Payara Project online.  A statement from the office of India’s Minister of Petroleum...

Eni and energy infrastructure company, Snam, has closed a deal for the latter to acquire 49.9% of the equity interest in companies operating gas pipelines connecting Algeria to Italy. The scope of the transaction includes the onshore gas pipelines running...

Westwood Global Energy Group estimates that all nine discoveries made by ExxonMobil in the Stabroek Block last year were high impact, each amounting to more than 100 million barrels of oil equivalent. The firm also determined that the Barreleye, Patwa,...

Guyanese authorities say they are working to empower more women with the skills needed to tap into the growing opportunities in the nation’s booming economy. Since 2015, a series of major oil discoveries and start of production have propelled...

Ships with a nine-metre draft can now traverse Guyana’s main channel – the Demerara River as NRG Holdings Inc. has completed the first phase of its Vreed-en-Hoop Shore Base project. After six months of work, NRG has managed to extend...

ExxonMobil’s third development project in Guyana’s offshore Stabroek Block – Payara is almost complete and remains on track for its early 2023 start-up. Hess’ Chief Executive Officer, John Hess said the project is around 93% complete. It will take the Stabroek...

ExxonMobil’s proposed Uaru development project is now estimated to cost US$12.683 billion (GY$2.638 trillion). This is stated in the Environmental Impact Assessment (EIA) for the project, compiled by Acorn International. The new cost reflects the impact of inflationary pressures...

S&P Global expects the Amatuk prospect in the Orinduik Block to be the exploration target of Tullow Oil in 2023. The analyst firm named Amatuk in its high impact well (HIW) drilling outlook for 2023, alongside CGX’s Wei-1 well...