Guyana's emerging Payara Gold crude is on schedule for its first official loading in November. This update is based on a program obtained by S&P Global Commodity Insights. The said program schedules two 1-million-barrel cargoes of Payara to load in...

Guyana's government is taking a contemplative approach to future audits of Exxon's costs. Vice President Dr. Bharrat Jagdeo recently revealed that the administration is awaiting conclusions from the 2018-2020 cost audit before deciding on the path forward for subsequent...

ExxonMobil Guyana is ramping up its exploration and drilling activities offshore Guyana. A recent report suggests that the company might deploy up to eight drillships simultaneously in the latter half of 2025, underscoring the scale of its operations in...

Guyana's Vice President, Dr. Bharrat Jagdeo, says government will be looking to establish an independent mechanism for monitoring ExxonMobil’s oil production. During a September 21 press conference, Dr. Jagdeo stated, "The next steps are to go to tender, a...

The Centre for Local Business Development celebrated the completion of its inaugural cohort from the ElevateAll - Manufacturing edition, with a September 23 ceremony and Expo Day at the Pegasus Corporate Suites, Kingston, Georgetown. ElevateAll extended a golden opportunity...

The mere fact that ExxonMobil threw its bid in the ring for Guyana’s first offshore licensing round governed by more stringent fiscal terms speaks to the potential of South America’s hottest prospect. That point was offered by the Managing Director...

By Dr. Lorraine Sobers - OilNOW September, the start of the new academic year, often prompts me to search for linkages between the state of education and the state of the nation. This brought me to consider that much of...

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...