A Memorandum of Understanding (MoU) signed between Texan company, Excalibar Minerals LLC and Guyana’s Ithaca Energy Partners Inc. (IEP) will soon see the establishment of a barium manufacturing facility in the South American country to service the oil and gas sector. The MoU was signed...

While participating at the Offshore Technology Conference (OTC) in Houston on Wednesday, May 4, Guyana’s Private Sector Commission (PSC) and the United States Bilateral Chamber of Commerce agreed by way of a Memorandum of Understanding (MoU) to advance trade...

ExxonMobil’s fifth proposed development offshore Guyana could produce as much as 275,000 barrels of oil per day (bpd) and could achieve first oil as early as the fourth quarter of 2026, according to the project summary seen by OilNOW. Guyana’s...

China's offshore oil giant CNOOC offshore assets in South America, led by the Stabroek Block in Guyana and Brazilian Libra and Buzlos Surplus projects, have been identified as important sources of future reserve and production growth for the company, according...

Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far. More exploration activities are on the...

Guyana has suffered from brain drain for a very long time. The bulk of these migrants have gone on to live in the United States and Canada primarily, for better opportunities. But with the discovery of oil and gas resources,...

While the International Monetary Fund (IMF) has advised that a business case does not exist for a National Oil Company (NOC) in Guyana, Vice President, Dr. Bharrat Jagdeo firmly asserts that the financial body does not decide or determine what is...

With a robust market outlook for the remainder of 2022, TechnipFMC’s subsea opportunities are being led by Guyana, Brazil, and West Africa with massive oil and gas projects set to bring in almost US$20 billion. TechnipFMC’s Chairman and Chief Executive...

Though still in the planning stages, ExxonMobil Guyana has indicated that its Uaru Project in the Stabroek Block is expected to carry similar development and production characteristics as its massive US$10B Yellowtail venture. According to ExxonMobil Guyana in its Environmental Impact...

After streamlining the 165 megawatts (MW) Amaila Falls hydropower project for 2027, the Guyana Energy Agency (GEA) has started site evaluations for a second hydropower project, its chief executive officer Dr. Mahender Sharma said recently. Amaila had chosen to be the...