The greenhouse gas (GHG) emissions that would be released from ExxonMobil’s fourth development project at the Yellowtail field will be reduced by 80% as a result of the mitigation measures the company will be utilizing. This was highlighted in...

With the arrival of Liza Unity floating, production, storage and offloading (FPSO) unit, Guyana’s oil production is expected to triple by 2022 as the vessel is set to develop approximately 600 million barrels of oil. ExxonMobil Guyana in a statement...

French multinational manufacturing company Vallourec said Tuesday it has signed a 10-year frame agreement with ExxonMobil Guyana to supply line pipe products for its offshore operations in the new oil producing South American country. The agreement enables long-term line pipe supply...

Mid-Atlantic Oil and Gas, a Junior partner in the Canje Block offshore Guyana, continues to support the efforts of the Extractives Industry Transparency Initiative (EITI) through the work of its local body, GYEITI. The Guyanese-owned company has been submitting all...

By Simon Flowers – Chairman, Chief Analyst & author of The Edge at Wood Mackenzie For over a century, exploration was at the sharp end of the rise of the oil and gas industry. The allure of discovery and huge...

U.S. oilfield services company Schlumberger reported on Friday that it started the second half of 2021 with strong results, delivering another quarter of sequential revenue growth, a fifth consecutive quarter of margin expansion, and a solid free cash flow...

When local and foreign businesses form partnerships to tap into opportunities in the oil and gas sector in Guyana, the Guyanese partner should not just be a majority-owner of the business for it to be considered ‘local’ but should...

Guyana’s President, Dr. Irfaan Ali, told reporters at a press conference in Dubai this week that the new oil producing country is on the verge of realizing its full ‘second to none’ investment potential with the arrival of low-cost...

Guyana's oil sector is set to benefit from the construction of a 20,000 square foot manufacturing facility, resulting from a joint venture between Guyanese owned Global Infrastructure Solutions Guyana Inc. and Emirati owned Unidome Global DWC LLC. The US$5 million...

By Andrew Latham, Vice President, Energy Research - Wood Mackenzie These are challenging times for upstream oil and gas, as the industry navigates unprecedented uncertainty. But the pain is not distributed equally. Growth from deepwater is much faster than from upstream...