By Vijaya Ramachandran, the director for energy and development at the Breakthrough Institute. This article was first published by Foreign Policy.  With natural gas prices at record highs in Europe, Norway is raking it in. The country is Europe’s second-largest...

In February 2021, the new Guyanese government released the first draft of their proposed local content policy for the energy sector. Local content regulation defines how much local labor is utilized during the development of an industry—a fundamental policy...

Gaico Construction, one of the leading local firms servicing the oil and gas sector, is already positioning itself to take advantage of the revenue-making opportunities to flow from the US$900M gas-to-energy project. By 2023, the company is poised to...

Eco Atlantic Oil and Gas Limited, one of the joint venture partners on the Orinduik Block offshore Guyana, disclosed to the market on Monday in an Operational Update and Notice of AGM, that work is still progressing on target...

Even though it has been six years since the world-class Liza-1 discovery, the Guyana-Suriname Basin continues to hold captive, the interests of explorers as it manifests the hallmarks of a prolific emerging hydrocarbon province, says Gerard Walsh, Chairman of...

The countdown to the United Nations 26th Conference of Parties (COP26) has come to an end. In Glasgow, Scotland, world leaders, diplomats, ambassadors, members from the global civil society and all manner of stakeholders prepare for the second day...

By A. Bacchus Back in 2015, when the first oil discovery was announced, I was blissfully unaware of the workings of the petroleum industry. In fact, in my mind, oil production in Guyana would look like a scene out of...

Ten billion barrels of oil equivalent and counting. The Guyana basin has gone from zero to prolific in just six years and from all indications, the volumes being discovered have not yet peaked. In fact, experts see much more...

ExxonMobil has failed to encounter commercial crude at its third well on the Canje Block offshore Guyana – Sapote-1, drilled by the Stena DrillMax. The well was drilled in 2,549 meters (8,362 feet) of water and safely reached a total...

ExxonMobil says it truly believes that building local capacity will play a key role in maximising benefits to the people of Guyana and fully supports a pragmatic and collaborative approach aimed at achieving this objective. “This year, we have participated...