TechnipFMC's Brazil location delivered its 100th subsea tree system for offshore projects in Guyana's Stabroek Block. This latest milestone points to the company's commitment to client success and its contribution to the development of Guyana's oil sector.
“Achieving together is...
Following a recent controversy surrounding an audit of Exxon’s expenses, ExxonMobil Guyana has issued a statement affirming its cooperation with the process. The company noted that it has provided the required responses and documents to address the points highlighted...
Guyana's Vice President, Dr. Bharrat Jagdeo, stated unequivocally that the government does not condone rogue behaviour, stating, “There's no room for maverick action here in this government.”
The statement came as he addressed concerns about the Petroleum Unit of the...
Guyana’s Ministry of Natural Resources has invited bids for the provision of marketing services for the country’s oil entitlement from ExxonMobil’s Stabroek Block production. The contract is expected to be awarded late October to early November.
The notice said the...
Guyana's Vice President, Dr. Bharrat Jagdeo, announced during a recent press conference that the country is set to release a draft of its gas strategy within the next two weeks for public consultation. This comes as part of the...
An Environmental Impact Assessment (EIA) submitted by ExxonMobil for its latest proposed project in Guyana shows that the country's regulations for flaring at the start-up phase of oil production are stricter than those of the United States.
ExxonMobil’s Whiptail Project,...
Shell would have brought some much-needed competition to the Guyana basin by throwing in a bid in the country’s first licensing round. But when the bids were opened on Sept. 12, the major’s name was noticeably absent, leaving one...
In a recent interview with the BBC's Gideon Long, Guyana’s President Dr. Mohamed Irfaan Ali reaffirmed his government's position of upholding the Stabroek Block Production Sharing Agreement even as calls persist for the renegotiation of the 2016 deal with...
Tullow Oil has released its half-year results for 2023, revealing revenue amounting to US$777 million, a gross profit of US$351 million, and a profit after tax of US$70 million.
The company said the highlight of the period was its successful...
As the Guyana Government edges closer to concluding its inaugural audit of ExxonMobil Guyana Limited's Stabroek Block expenses totalling US$1.7B, a hefty US$214M in disputed costs has been deemed the final sum. This development could push both local authorities...
