The Payara development, the third project in the ExxonMobil-operated Stabroek Block, is 66 percent complete. This is according to Hess Corporation’s Chief Operating Officer (COO), Greg Hill. During the company’s Q4 2021 earnings call, Hill said Subsea Umbilicals, Risers and...

The Guyana Oil and Gas Energy Chamber (GOGEC) said on Friday it welcomed the country’s 2022 National Budget presented this week, reflecting the government’s commitment to ‘creating a progressive and equitable society’ for all Guyanese. “GOGEC wishes to thank the...

Senior Minister with responsibility for Finance in Guyana, Dr. Ashni Singh disclosed on Wednesday during the reading of the GY$552.9 billion (US$2.76 billion) 2022 national budget that Guyana’s real GDP is projected to grow by 47.5 percent; a rate...

(S&P Global Platts) Peru's government plans to call for bids in June for up to seven crude oil producing blocks on its northern coast as production dwindles. The blocks in the Talara Basin, both onshore and offshore, lie in mature...

Guyana’s Vice President Dr. Bharrat Jagdeo says the administration is leading from the front to ensure the country of just over 750,000 people benefit from the more than 10 billion barrels of oil equivalent resources which have been found...

Response to the International Energy Conference set to take place in Georgetown next month has been overwhelming so far with around 150 companies and four heads of state confirmed for the flagship event. “We have about 150 companies registered, some...

By A. Bacchus Safety is a universal guiding principle in the oil and gas sector, so much so that it has become embedded in the values of all companies operating in the sector. When major industry players like ExxonMobil, Hess...

Guyana’s National Procurement and Tender Administration Board (NPTAB) on Thursday received technical and financial proposals from around 12 companies from across the world, including one local firm, for the review and evaluation of the Field Development Plan (FDP) for...

Tristar has appointed Joel Bhagwandin as its Managing Director. The company said Mr. Bhagwandin, who has held positions in banking and finance during his career in Guyana, is from the West Bank of Demerara which is the "fence line...

By Dr. Lorraine Sobers - OilNOW Guyana is the steward of astounding natural resources, luscious rainforest, gold, diamond, bauxite and hydrocarbon deposits. The industries built on these natural resources all have environmental and stewardship challenges. The excitement of Guyana’s oil...