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...

Baker Hughes, Saipem and Schlumberger (now SLB) together with Equinor were among the top awardees for the Offshore Technology Conference (OTC) 2023 Spotlight on New Technology Award.  SLB, Baker Hughes and Saipem are all key contractors for ExxonMobil Guyana, operator...

The recent dismissal of a lawsuit against ExxonMobil’s Stabroek Block Production Sharing Agreement (PSA) marks a major loss for advocates pushing for changes to the contract.  Glenn Lall, the publisher of Kaieteur News, a Guyanese daily newspaper known for its...

A statutory report in Guyana’s Official Gazette indicates the country received and sold one lift of profit oil from Stabroek Block crude production in March. The lift earned the country US$79,613,822.68 (GY$16,599,482,029).  For the new year, Guyana has received US$219,454,039.47...