There is a Letter to the Editor published in Sunday’s Stabroek News under the headline, “Guyana is losing US$35B by failing to negotiate a fair royalty”. While I can sympathize with the sentiment behind the letter, I believe that...
More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise amid a coming shortfall in supply.
According to the findings of a Reuters Poll published on Friday, oil prices will stage a...
The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November last year, Reuters said in a...
(Bloomberg) --Exxon Mobil erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before seen in the company’s modern history.
Exxon counted the equivalent of 15.2 billion barrels of reserves...
U.K. based multinational oil and gas exploration company Tullow Oil said on Friday it has been able to finalise a more than US$1 billion reserve-based loan agreement with banks. The company has been reviewing its business plan and operating...
The Stena Carron drillship is wrapping up operations at the Bulletwood-1 prospect offshore Guyana on the Canje Block where the well was spudded approximately 57 days ago.
The Maritime Administration Department said in a notice on Wednesday that the Stena...
For the first time, local organisers will be fully spearheading an energy conference that is set for September 28-29, 2021, and that event—the Guyana Energy Conference and Exhibition (GEC-X ’21)—will place keen focus on Guyana’s energy mix as a...
(S&P Global Platts) Brazilian independent oil and natural gas producer Enauta restarted a single production well at the offshore Atlanta Field, pumping about 10,400 b/d as expected, the company said Feb. 22.
The 7-ATL-4HB-RJS well was restarted after swapping out...
South America continues to be a major player in the global arena for deepwater discoveries, with Guyana pushing big volumes and massive potential finds remaining. According to Norway based Rystad Energy, the South America/Caribbean region was the clear winner...
Having recognised that Guyana is now building the human resource capacity to service the oil and gas industry; the government has laid out the expectation that oil and gas companies will place capacity building of Guyanese on the front...
