In a highly competitive bid, 25 prominent companies from around the world are vying for the crude marketing contract for Guyana's oil entitlement from the Stabroek block.  The list of contenders includes energy giants such as Saudi Aramco, Equinor, Eni,...

Going to arbitration would be the “last resort” for ExxonMobil Guyana Limited (EMGL) to resolve the 1999-2017 audit of its Stabroek Block expenses. This is according to EMGL's President, Alistair Routledge.  The process remains without closure as Exxon is still...

ExxonMobil has submitted its field development plan (FDP) for the massive Whiptail project - its sixth for the Stabroek Block offshore Guyana. This is according to ExxonMobil Guyana Limited's (EMGL) President, Alistair Routledge. "...so that has commenced the process...

Guyana, a relative newcomer to the global oil industry, is making strides in terms of its oil reserves and production capabilities. Since its first commercial oil discovery in 2015, the country has become a significant player in the sector,...

Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana's Vice President Bharrat Jagdeo during an October 12 press conference. Jagdeo was asked to respond to reports about Guyana...

In September 2023, Guyana's natural resource fund (NRF) saw a revenue inflow of US$85 million (approximately GY$17.78 billion) from the sale of a single lift of profit oil from ExxonMobil’s Stabroek block production.  According to the Bank of Guyana, the...

The timeframe to ramp up Guyana projects to peak production is significantly less than neighboring Brazil, according to S&P Global Commodity Insights.  There are only two floating production, storage and offloading (FPSO) vessels operating offshore Guyana, in the Stabroek Block...

Guyana is on the brink of unveiling its draft national gas utilization strategy.  This was shared by Vice President Bharrat Jagdeo during a weekly press conference on October 12 where he indicated that public consultations would commence soon. Jagdeo announced, “We...

The Guyana government expects ExxonMobil Guyana to submit its field development plan (FDP) for the Whiptail project before the end of October. “ EMGL has indicated their intention to submit their production license application and FDP by the end of...

Westwood Global Energy Group has released its 2023-2027 subsea tree demand outlook, projecting a total demand of approximately 1,555 units over this period. Notably, Brazil, Guyana, and Norway are expected to account for roughly 40% of the global demand...