Guyana President Dr. Mohamed Irfaan Ali said Friday that discourse in Guyana about the Stabroek Block Production Sharing Agreement (PSA), particularly the call for renegotiation, has become one of obsession and paranoia.
“Don’t ask me the question a hundred times,”...
ExxonMobil Guyana President Alistair Routledge said Thursday that the company has registered for the offshore licensing round the government launched in December.
“We’re always interested in new acreage,” he said during a media conference in Georgetown. “And clearly, we’ve had...
Counterproductive. That is how ExxonMobil describes windfall taxes. And it is sticking to this position, so much so that it filed a lawsuit against the European Union (EU) back in December to challenge its introduction.
The EU windfall tax allows...
Guyana passed Local Content legislation a little over a year ago to ensure that its citizens get the most out of the petroleum resource – a whopping 11 billion barrels discovered in the Stabroek Block and counting.
Now, NetBenefit Software...
ExxonMobil Guyana’s Kokwari-1 exploration well is expected to be drilled between February and July 2023, utilising the Stena DrillMAX.
Guyana’s Maritime Administration Department (MARAD) in a notice to mariners said the well site is situated approximately 190 kilometres off the...
UK-based consultancy group Wood Mackenzie has dubbed 2022 a standout year for exploration – the strongest in more than a decade.
The global exploration sector, in its bid to improve portfolios by adding lower-carbon, lower-cost advantaged barrels, created at least...
The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso Exploration and Production Guyana Limited’s Liza Developments in the offshore Stabroek Block.
OTC said Liza Phase 1 was “one of the...
ExxonMobil made a US$55.7 billion profit in 2022. That is a huge number. So, when Guyanese media outlets report on the oil major’s earnings, many locals are quick to assume that these earnings are Esso Exploration and Production Guyana...
Guyana grabbed a massive win for local content with the Prosperity vessel.
According to SBM Offshore, it is the first Guyana floating, production, storage, and offloading (FPSO) vessel to incorporate Guyanese fabricated steel.
And that stellar feat was made possible by...
Corentyne Block majority stakeholder, Frontera Energy, said the total cost of the Wei-1 well (including 2022 pre-drill costs and costs related to drilling delays) are forecast to be approximately US$160-$170 million.
Frontera anticipates it will spend approximately US$120-$140 million on...
