By Dr. Lorraine Sobers - OilNOW There was greater Trinidad and Tobago presence at this year’s International Energy Conference and Expo Guyana 2023, than in 2022. Trinidad and Tobago Prime Minister, Dr. the Hon. Keith Rowley, was one of...

Guyana’s Maritime Administration Department (MARAD) issued a notice that ExxonMobil Guyana is continuing drilling operations at Fangtooth_2 within the Stabroek Block.  Fangtooth-1 unlocks new play; will ‘add significantly’ to 10-billion-barrel oil resource – Hess This further demonstrates the Exxon-led consortium’s prioritisation...

While he acknowledges that there is a paucity of technical skills, Vice President, Dr. Bharrat Jagdeo said the country cannot wait until capacity is picture-perfect to develop the massive oil and gas resources in the Stabroek Block. The high-ranking...

Guyana’s new offshore model petroleum agreements have added a unitisation clause to treat with reservoirs that straddle multiple contract areas, or that straddle a contract area and an open area.  The clause dictates that a Contractor shall notify the Minister...

Chief Executive Officer of Hess Corporation, John Hess, said one exploration well will be drilled this year in Block 42 offshore Suriname.  Hess, Chevron and Shell, the operator, are equal stakeholders in the Block which lies north of Block 58,...

Halliburton - one of the world's largest providers of products and services to the energy industry - is preparing to tender for catering services in support of its activities in Guyana. In a public Expression of Interest (EOI), Halliburton outlined...

Though many countries have agreed to protect and monetise forest services, Vice President Dr. Bharrat Jagdeo recently lamented that few have stepped up to put real action behind their words. In fact, the chief policy maker for Guyana’s oil...

Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL) is on the hunt for vehicle and telecommunications suppliers in the Georgetown area.  In public requests for information (RFIs), EEPGL said it plans to put in place agreements for the...

Guyana’s hydrocarbon story has been dominated by oil so far, but its new model petroleum agreements have established a framework that will compel the utilisation and commercialisation of its natural gas resource. Once contractors discover natural gas fields or excess...

Guyana’s new petroleum agreements seek up to US$85 million in investments into environmental and social projects.  For each of the 14 contracts on offer, the new agreements seek US$1 million in investments into a Fund every year. 11 shallow water contracts...