Edison Chouest’s (ECO) C-INSTALLER - a 318 ft. multipurpose support vessel has operated in Guyana for the past five years and has been integral to the country’s offshore oil operations.
ECO shared that the C-INSTALLER positioned 101 major subsea assets...
The Guyana government expects crude oil exports this year to generate US$11.3326 billion in 2023, a 14% increase from the 2022 figure, according to budget documents.
These revenues are expected from oil production at the ExxonMobil-operated Stabroek Block, from the...
Set for Friday July 14, ERM Guyana Inc. will be hosting a virtual sensitisation session on ExxonMobil’s Whiptail project - the 6th Stabroek Block development.
The project was screened by Guyana's Environmental Protection Agency (EPA) which determined that an Environmental...
What was considered a 'signing bonus' for the 2016 Stabroek Block Production Sharing Agreement (PSA) was in fact funds provided to Guyana in support of its efforts to address Venezuela’s claim to two-thirds of its territory. ...
Guyana’s Natural Resource Fund (NRF) received payments for two lifts of profit oil in June, amounting to US$150 million. These represent the sixth and seventh lifts owed to Guyana for the year, from oil production at the ExxonMobil-operated Liza...
US Secretary of State Antony Blinken highlighted Guyana's remarkable achievements in responsibly utilising fossil fuels while prioritising environmental protection. He emphasized that the country's efforts serve as an example for others.
Blinken stated, "Now, Guyana will soon be the highest...
Gas remains key to ExxonMobil’s development agenda as seen by the company’s acceleration of two major pipeline projects in the South American region.
Over in Argentina, Exxon recently commenced the engineering study phase for the development of a new pipeline...
In an engaging Oxford-style debate, two prominent voices in Guyana; Elson Lowe and Joel Bhagwandin, engaged in a thought-provoking discussion on the premise - "Guyana is not on the right development path, given its newfound oil resources."
The event,...
Guyana is now an impressive oil and gas destination with proven reserves of more than 11 billion oil-equivalent barrels in the Stabroek Block. Through the operations of an ExxonMobil-led consortium, the country will become one of the world’s largest...
Guyana’s Vice President, Dr. Bharrat Jagdeo has clarified that the country’s Petroleum Activities Bill 2023 is solely intended to whet the administration’s regulatory teeth. It will not embody the fiscal regime for the industry. This he said would be...
