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Guyana welcomes new oil discovery, expects total volumes to increase

Guyana’s Ministry of Natural Resources said Thursday it is pleased with the announcement of the country’s latest oil discovery by ExxonMobil affiliate Esso Exploration and Production Guyana (EEPGL) and partners at Pinktail Offshore Guyana, within the Stabroek Block. The ministry...

Giant Liza Unity FPSO sets sail for Guyana

Dutch floater specialist SBM Offshore announced on Thursday that the Liza Unity FPSO has started its voyage to Guyana, having departed from Keppel shipyard in Singapore. The FPSO is expected to arrive in Guyana late this year. Once the...

Multi-billion-dollar Vreed-en-Hoop port facility gets greenlight from EPA

The multi-billion Guyana dollar ‘Port of Vreed-en-Hoop’ facility that will feature a major shore base at Foreshore, Plantation Best on the West Bank of Demerara has been given the greenlight by the Environmental Protection Agency (EPA). The project will see an...

Exxon targeting 2022 start-up for major 12-well campaign at Canje Block

ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) has submitted a Project Summary to the Environmental Protection Agency (EPA) in Guyana for its 12-well exploration and appraisal campaign on the 26,806 km2 Canje Block. Pending approval, drilling operations...

Exxon in search of Quayside and Laydown Area on West Bank of Demerara River

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has put out a Request for Information (RFI) seeking detailed operational and technical information from suppliers for meeting its bid selection requirements for a Quayside and Laydown Area on the...

EPA collected around GY$400M in payments for flaring from ExxonMobil – Parsram

Guyana's Environmental Protection Agency (EPA) has collected approximately GY$400M in payments from ExxonMobil for flaring to date. Head of the agency, Kemraj Parsram, made the disclosure on Thursday during a local radio programme - Guyana’s Oil and You. This follows...

Real time technology will soon be used to monitor flaring, produced water – EPA Head

The Environmental Protection Agency (EPA) will soon implement a real-time technology system that will allow it to monitor flaring levels and the amount of produced water being dumped into the ocean by oil companies operating offshore Guyana says Executive...

Uncompetitive fiscal regimes, poor reservoir quality behind stalled development of over 11 billion barrels of oil

Updated September 2, 2021 A study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries - >100 million boe in size - made between 2008...

Oil exports remain key driver of Guyana’s GDP, says IDB in latest report

The main driver of Guyana’s GDP in the medium term continues to be oil exports, which the International Monetary Fund (IMF) estimates will represent 38.2 percent of GDP in the 2020 –2021 period. This is according to the Inter-American...

Louisiana economic groups, GCCI talk up major trade mission

Participants from the state of Louisiana Economic Development (LED) international department, the South Lafourche parish economic department and the Greater Lafourche Port Commission met with representatives of Guyana’s Georgetown Chamber of Commerce and Industry (GCCI) last month on the sidelines...

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Vessel to push Guyana oil production past 1 million bpd weeks away from arriving

The Errea Wittu floating production, storage and offloading (FPSO) vessel is currently in West African water on its voyage...