Vice President Dr. Bharrat Jagdeo said that Guyana is not going to lose a cent in the audit of ExxonMobil’s 1999-2017 Stabroek Block costs - the first such review to verify Exxon’s cost claims.
His comments were made during a...
ExxonMobil Guyana has issued a notice to suppliers that it will host a Request for Information (RFI) clarification forum for those who may be interested in participating in recent RFIs. The forum is scheduled for April 17 at the...
Guyana could move one step closer to ending the more than a century long border controversy with its Spanish-speaking neighbour Venezuela, should the World Court rule in its favour on Venezuela's preliminary objections to the admissibility of the matter....
Recent media reports have zeroed in on what was purported to be the final findings from an IHS Market audit of ExxonMobil’s 1999-2017 costs for its Stabroek Block operations.
But Commissioner General of the Guyana Revenue Authority (GRA) Godfrey Statia...
Immediate past President of a key business group in Guyana - the Georgetown Chamber of Commerce and Industry - Timothy Tucker, says everyone, except the commercial banks, is betting on the new oil producing South American country. This is...
Access to finance continues to be the common theme in local content discussions, as it remains a main hindrance to the success of local enterprises desirous of tapping into Guyana’s expanding oil sector.
As the inaugural Local Content Summit 2023...
Former President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, is heavily criticizing calls to renegotiate the contract Guyana entered with ExxonMobil and the Stabroek Block co-venturers. Tucker pointed out that arbitrary decisions to change the...
Offshore competition could heat up in Guyana, with Shell Corp. mulling a stunning return after leaving the country 10 years ago.
ExxonMobil is currently the sole oil producer in the South American country and the only company that has found...
Westmount Energy believes that the Tanager-1 discovery at the Kaieteur Block has potential to be a tie back for a development at Ranger, discovered in 2018 on the Stabroek Block.
ExxonMobil Guyana President Alistair Routledge had told OilNOW on...
Updated April 2, 2023
Back in 2014, geologic models indicated a potential working hydrocarbon play in the Stabroek Block. The closest known hydrocarbon accumulations were located onshore Suriname and offshore Venezuela. At the time there were no wells in the...
