Guyana on Monday condemned the treatment of Guyanese fisherfolk by Suriname authorities and urged its Dutch-speaking neighbour to uphold a commitment it had made to issue fishing licenses to them. In a strongly worded statement, the government reminded that Suriname...

Qualco Guyana was established in 2019 on the wave of massive discoveries being made offshore the South American country at the ExxonMobil-operated Stabroek Block. Although its operations were impacted by the COVID-19 pandemic just a year later, activities have...

By Joel Bhagwandin - OilNOW Summary The full project lifecycle of the oil and gas business is around 30 years or more. During the exploration and development stage which may span about 20 years before production, the oil companies continuously...

Playing up its extensive forest cover, the Guyana government says the country is already at net zero status. And with ExxonMobil announcing plans to ramp up production offshore, regulators will be keeping tabs on how Stabroek Block operations impact...

Shell and ExxonMobil, joint venture partners in Aera Energy, have decided to sell the company to IKAV, an asset management firm based in Germany. ExxonMobil Corporation disclosed Thursday that its affiliates have signed an agreement to sell all of its...

Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast. Following the announcement of massive...

Noble Corps.’ acquisition of Maersk Drilling has been given the greenlight after the United Kingdom Competition and Markets Authority (CMA) accepted the undertakings provided by Noble to resolve issues that could have resulted from the merger. The CMA had noted...

A batch of 24 Guyanese trainee technicians attached to SBM Offshore are off to Canada for an oil and gas training programme to build their capacity and knowledge for integration into the country’s offshore operations. The certificate programme in Petroleum...

ExxonMobil’s fifth Stabroek Block development – Uaru – is set to target three massive reservoirs, Uaru, Mako and Snoek, according to the final Terms and Scope for the project’s Environmental Impact Assessment, submitted to Guyana’s Environmental Protection Agency (EPA). The...

A final investment decision at Block 58 offshore Suriname could come in 2023, rather than later this year as was previously anticipated. Another drillship will move to the Sapakara field to drill a second appraisal well at Sapakara South, where...