JOINT COMMUNIQUE ISSUED ON THE CONCLUSION OF THE OFFICIAL VISIT TO GUYANA BY HIS EXCELLENCY CHANDRIKAPERSAD SANTOKHI, PRESIDENT OF THE REPUBLIC OF SURINAME  AUGUST 17-20, 2021 At the invitation of His Excellency Dr Mohamed Irfaan Ali, President of the Cooperative...

The Guyana Shore Base Incorporated (GYSBI) is elated over the “overwhelming interest” its operations, and the country by extension, has received at the Offshore Technology Conference (OTC) in Houston, Texas which concludes today. “So far, it’s been three days of non-stop...

Guyanese firm GAICO Construction Services signed a Memorandum of Understanding with Myer Marine Services and Hargrove EPC on Wednesday at the Offshore Technology Conference in Houston, Texas. The signing occurred with David Myer, President of Myer Marine Services, Ralph Hargrove,...

Officials from the Georgetown Chamber of Commerce and Industry (GCCI) and the Greater Houston Partnership held discussions this week on the sidelines of the Offshore Technology Conference. GCCI President, Timothy Tucker, told OilNOW on Tuesday the discussions focused on strengthening...

By Terrence R. Blackman, Ph.D. – OilNOW ExxonMobil initiated oil and gas exploration activities in Guyana in 2008. The company drilled, safely, its first exploration well, Liza-1, in 2015. The Payara, Snoek, Liza Deep, and Turbot discoveries followed in 2017,...

President of the Guyana Oil & Gas Energy Chamber (GOGEC), Manniram Prashad on Tuesday signed two Memorandums of Understanding at the Offshore Technology Conference (OTC) in Houston, Texas. GOGEC said the MOUs are underpinned in the spirit of mutual...

A technical session on Guyana’s Liza project drew a capacity audience on Monday at the Offshore Technology Conference (OTC) being held in Houston, Texas. Presentations were made by several ExxonMobil representatives covering the company’s exploration history in the Guyana basin,...

Just a little over six years ago, Guyana’s economic prospects were based entirely on its traditional sectors such as gold, diamond, other mineral production, forestry and agriculture. Oil and gas production played no role in the country’s development. Then...

Updated August 15, 2021 Over 100 exploration wells are expected to be drilled in South America outside Brazil over the next 5 years and Norway-based Rystad Energy has said most of the action could be found off the northern shelf...

The deepwater plays in Guyana, Brazil and Mexico will provide significant opportunities for these countries to help meet the oil and gas demand in coming years as supply shortfalls due to energy transition trends take hold. "Demand for oil will...