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Private refiners in Guyana will have to buy oil at market cost

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The Government of Guyana will not sell oil at a subsidized cost to any private investor who undertakes to build a refinery in the South American country. “Anyone who wishes to open a refinery can do so but they will...
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Guyana should seek broader alliance with US military to ward off threat from ‘desperate Venezuelan regime’ – Former Minister

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A former Guyanese government official believes that a sustained programme to facilitate military tactical support and coordination between Guyana and the United States of America would help to deter further aggression from Venezuela. Former Minister of Natural Resources and the...
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Venezuela becoming increasingly aggressive in push for more territory

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Reports indicate that Venezuela has signaled its intention to remap its Caribbean oil and gas prospects which is a move that could further escalate rising tensions between that country and neighbouring Guyana, which has of late become an oil...
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CNOOC Limited’s Egina Field commences production

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CNOOC Limited, a 25 percent stakeholder in Guyana’s prolific offshore Stabroek Block along with ExxonMobil (45 percent) and HESS (30 percent), announced on January 2, 2019 that its Egina Field, located in deepwater offshore Nigeria, has commenced production. The company...
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Guyana’s tenth oil discovery makes her a future Latin American powerhouse

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(Merco Press) Due to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said. The super-major announced its tenth Guyana discovery this week, increasing the...
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‘Political developments’ won’t derail Guyana’s O&G preparations – Persaud

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Guyana's former Minister of Natural Resources and the Environment Robert Persaud believes that the current trajectory that the country is on with regards to its oil and gas preparations will be maintained notwithstanding the recent collapse of the coalition...
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“Not a squeak from CARICOM” on Venezuela’s latest threat to Guyana’s sovereignty – Persaud

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Almost three days after Venezuela’s navy intercepted a survey vessel contracted to ExxonMobil operating in the western portion of Guyana’s Stabroek Block, the 15-member CARICOM body of which Guyana is a founder-member, is yet to issue a statement on...
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Guyana for early elections

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Just over a year before the South American country of Guyana welcomes its proceeds from offshore oil and gas resources, it has been plunged into political turmoil. The Guyana Government which enjoyed a one-seat majority, was on Friday night defeated...
News

ExxonMobil named Explorer of the Year

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ExxonMobil said today that it has been named 2018 Large Cap Company of the Year and Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. Brad Corson,...
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Guyana ahead of USA and Russia in 2018 oil discoveries

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Guyana leads the way ahead of industry giants the United States of America and Russia in terms of barrels of oil equivalent (boe) petroleum discoveries for the year 2018. According to a report from Rystad Energy, “2018 stands already as...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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