S&P Global's Richard Swann has identified Guyana’s oil as a potential replacement for Russia's Ural oil in the global market. The opportunity came about after Russia invaded Ukraine and faced sanctions from Western nations. “... perhaps it's a replacement for...

According to the latest report of Guyana’s Audit Office, GY$108 billion (approximately US$518 million) in tax concessions were granted in 2022 to support booming activities in the oil and gas industry. While this is a significant sum, the nation’s...

While the exploration success carried less momentum, Guyana’s oil and gas sector hit several milestones in 2023. Let’s look back at a few of those in no particular order.  Starting with discoveries…  In January, Hess announced the Fangtooth SE-1 discovery, revealing...

Oil production in Guyana hit the half a million barrels per day milestone at the close of November with the addition of the Prosperity floating production, storage and offloading (FPSO) vessel at the ExxonMobil-operated Stabroek Block. This is according to...

DOF Subsea has recently clinched two significant decommissioning contracts.  The first project involves an exclusive purchase and removal deal (EPRD) for a North Sea operator, encompassing a comprehensive scope of services. DOF will spearhead project management, engineering, logistics, and execution...

The global landscape for high-impact wells (HIWs) in 2024 is poised for significant activity, with a predominant focus on the Caribbean, Latin America and Africa, according to a new S&P Global Commodity Insights report. This follows a successful 2023,...

ExxonMobil Guyana Limited (EMGL) is actively searching for warehouse facilities in strategic locations across Guyana to improve its operational capacity and logistics network.  The company has identified various areas, including: Georgetown: EMGL views the capital as vital for its logistical operations...

TotalEnergies' concerted efforts in expanding its portfolio in Suriname's offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country's offshore oil production landscape. Block 64,...

Twenty-twenty two was hailed as the most successful year for exploration in Guyana's history, marked by a total of nine discoveries in the Stabroek Block and a significant find in the Corentyne Block. This year, the pace has slowed,...

By Cristina Caus - OilNOW The Gas-to-Energy project is an embodiment of Guyana’s mission to transform its historically underperforming economy, now one of the fastest growing, into a world-class and competitive environment. The GtE project represents one of the largest...