As the week-long high-level Guyana-United States meetings continued in Washington, President Dr. Mohamed Irfaan Ali, on Wednesday spoke about the need for a balance between oil and gas development and climate aspirations. In this regard, he reaffirmed Guyana's commitment...

ExxonMobil generated earnings of $17.9 billion and cash flow from operating activities of $20 billion in the second-quarter 2022 as a result of increased production, higher realizations and margins, and aggressive cost control. The company said on Friday it increased...

Notwithstanding a major slowdown in 2020 because of the pandemic’s global demand destruction, drilling and completion activities in South America are expected to bounce back significantly this year. The driving forces will be increased activities in Guyana and neighbouring Brazil,...

By Dr. Carolyn Walcott and Dr. Terrence Blackman - OilNOW In May 2015, when the government of Guyana, through global oil investors, announced that oil was discovered in significant quantities offshore, economic transformation and development became state actors' preoccupation. The...

Guyana’s Natural Resources Minister Vickram Bharrat told Members of Parliament last week that the change of government in a country should not result in instability and lack of predictability, particularly regarding agreements that were in place and on which...

Tullow Oil is preparing to submit drilling commitments to the Government of Guyana for the Orinduik Block. In a release shared by Orinduik's 15%-stakeholder, Eco-Atlantic Oil & Gas, Dr. Michael Green of Align Research said progress is being made on...

The recent spate of prolific discoveries in the Stabroek Block and the steady pace of Final Investment Decisions (FID) are positioning Guyana to reap the rewards of these finds with cumulative revenues totaling US$157 billion by 2040. This is...

Even as Guyana forges ahead with multiple discoveries and approvals for offshore oil and gas production operations, authorities remain keen on ensuring the South American country has a robust system in place to minimise the impact these activities are...

TotalEnergies said Monday it started production at the Ikike field, 20 kilometers (km) off the coast of Nigeria. The Ikiken platform meets a depth of about 20 meters and is tied back to the existing Amenam offshore facilities through...

Guyana's Prime Minister is working to rally support in the region against Venezuela's claim on its territory. In his address to the Presidential Forum for the Progress and Integration of South America (PROSUR) Summit, Phillips told the union that the...