ExxonMobil's Liza projects have been honored with the International Petroleum Technology Conference (IPTC) Excellence in Project Integration Award, recognizing outstanding achievements in executing oil and gas projects.  The award, presented during the 2024 IPTC in Dhahran, Nepal, highlighted the company's...

White House National Security Communications Advisor, John Kirby, said the United States (U.S.) is closely monitoring Venezuela’s build-up of military forces near the border with Guyana and described the gathering(s) as small in scale.  “Our assessment is that whatever military...

Although ExxonMobil has said it is targeting 1.2 million barrels of oil per day (bpd) by 2027 at the Stabroek Block offshore Guyana, this output could actually edge closer to 1.5 million bpd based on current trends, and projections...

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...