Guyana’s oil exports will generate US$16.8 billion in 2024, according to Ministry of Finance projections. This represents a steep increase from the US$11.6 billion generated from oil exports in 2023.
The 2024 scenario would see oil accounting for 90% of...
ExxonMobil will be taking the Liza field offline to hook up the pipeline for Guyana’s Gas-to-Energy (GtE) project in the latter half of the year, but this is only expected to last weeks.
“I would say it's going to be...
Guyana’s Natural Resource Fund (‘oil fund’) received US$137 million in deposits in January 2024, representing royalties and oil sales.
The fund received GY$13.26 billion (approximately US$64 million) in quarterly royalties. The next quarterly payment of royalties is expected in April....
Eight months after the sod was turned at Port Mourant, Berbice, Guyana's Technical Training College Institute Inc. is finally a reality.
The first phase of the state-of-the-art facility was commissioned on Feb 9 - an initiative largely led by SBM...
ExxonMobil Guyana President Alistair Routledge told Bloomberg that planned drilling offshore Guyana in 2024 will be “well south” of the territory under contention between Guyana and Venezuela.
Venezuela’s maritime claim rests along a “projected” 70-degree line out to sea from...
Guyana’s Ministry of Natural Resources has issued a call for consultants to submit proposals for the auditing of recoverable contract costs and validation of profit oil share related to the Stabroek Block operations for the period 2021-2023. Preference will...
Guyana’s first integrated power plant is not yet ready but the country is already mulling a second, in anticipation of an exponential demand surge. This is according to its President, Irfaan Ali.
“Already, based on our assessment, the power plant...
Guyana can expect a significant spike in its oil revenues as early as 2026/2027 after the ExxonMobil-led Stabroek Block consortium (Exxon 45%, Hess 30% and CNOOC 25%) substantially recovers the tens of billions invested in exploration and development of...
The total output from Guyana’s Stabroek Block developments sits above 600,000 barrels per day (b/d) currently, surpassing projections set by the operator, ExxonMobil Guyana Limited (EMGL).
“Overall, our production capacity across all three facilities is now at 645,000 barrels per...
Chevron announced total earnings of US$2.25 billion in the fourth quarter (Q4) of 2023, reflecting a 64.4% drop from the US$6.35 billion reported in the same period in 2022.
Chevron in its Feb. 1 financial report said the decline was...
