ExxonMobil Guyana has announced plans to establish an agreement for personnel travel vessel services. In a recent public Request for Information (RFI), the company has invited qualified firms to step forward and potentially secure this vital role in their...

The Guyana government has not yet approved the transaction enacting Tullow Oil Plc’s departure from the Orinduik block. Vice President Dr. Bharrat Jagdeo told OilNOW on August 24 that Tullow has formally communicated its desire to sell its subsidiary,...

Crude oil production in South America is poised to reach a staggering nine million barrels per day (bpd) by the year 2030, according to new projections unveiled by a Norway-based energy research and business intelligence company. This surge in...

Guyana and Namibia's oil reserves are estimated to be identical at 11 billion barrels, according to recent data released by the state-owned National Petroleum Corporation of Namibia (NAMCOR).  From NAMCOR’s data, the bulk of Namibia’s resources are from TotalEnergies' Venus-1X...

ExxonMobil’s Whiptail project is slated to target up to 72 wells to develop the fields. This was outlined in the Whiptail Environmental Impact Assessment (EIA) submitted to Guyana’s Environmental Protection Agency (EPA) for review and approval, on August 20.  “...EEPGL has...

Guyana has catapulted to the forefront of nations with the most robust economic growth rate over a span of five years, driven by its oil industry. This revelation comes from a recent assessment conducted by the hedge fund data...

With Guyana poised to benefit from an astounding oil windfall from the ExxonMobil-operated Stabroek Block, the country finds itself well positioned on the pathway for a balanced budget by 2025, the Inter-American Development Bank (IDB) said in a recent...

With Guyana’s Petroleum Activities Bill 2023 now awaiting presidential assent to formally become the nation’s new oil law, regulators have set their eyes on conquering a new mission—the completion of a National Gas Strategy. This was recently confirmed by...

In a remarkable trajectory of transformation, Guyana has catapulted from relative inactivity to establishing itself as a world-class player in the energy sector in an impressively short span of time.  The journey, marked by bold exploration endeavors and strategic partnerships,...

A final investment decision (FID) for Guyana’s Gas-to-Energy (GtE) project is imminent with the recent passage of its Petroleum Activities Bill 2023, said ExxonMobil’s Guyana President, Alistair Routledge.  He told Energy Intelligence in London recently “...while we have not formally...