ON Energy Inc., a company registered in Guyana, is preparing to dissolve and owes its parent company CGX Energy Inc. US$3 million. But the company is now unable to pay its debts. ON had held a license for the Berbice block, onshore...

The Prosperity floating production, storage, and offloading (FPSO) vessel is expected to set sail from the Keppel shipyard in Singapore in the first quarter of this year for Guyana where it will produce oil and gas for the next...

Guyana has deposited US$1.86 billion in royalties and profit oil payments to the Natural Resource Fund (NRF) raking in GY$3.67 billion in interest in the last three years. For 2022, the nation earned a whopping GY$3.65 billion (US$17.51 million) in...

ExxonMobil Guyana has announced 10 meetings it will chair along the Guyana coast to discuss its planned Whiptail Development Project with the public. The meetings, to be held from January 30 to February 7, are meant to solicit inputs...

Norway based Rystad Energy said on Wednesday that a map used this week by the Trinidad and Tobago Energy Conference showing a portion of Guyana’s Stabroek Block in Venezuela’s waters was part of an ‘unfinished draft presentation’, and not...

Hess Corporation – a 30% stakeholder in Guyana’s Stabroek Block – reported fourth-quarter earnings of US$624 million or $2.03 per common share compared to net income of US$265 million, or $0.85 per common share, in the same period last...

Fangtooth is the reservoir that keeps on giving as Stabroek Block operator ExxonMobil hit pay once again, early this month. The announcement was made by its partner Hess Corp on Jan. 25.  According to Hess, Exxon made a “significant” oil discovery...

Hess’ Guyana and Bakken projects will take the majority share of its US$3.7 billion 2023 exploration and production, capital and exploratory budget. “More than 80% of our 2023 budget is allocated to Guyana, which is positioned to be one of...

Noble Corporation said its earnings for the fourth quarter of 2022 are expected to be between US$140 million and US$150 million. This was revised downward from the previous outlook of US$155 million and US$175 million. The reduction is primarily...

Come February 2023, Guyana will make public the first draft of its new model Production Sharing Agreement (PSA), said Finance Minister, Dr. Ashni Singh. “We have announced the main elements of a new fiscal framework, which will form the basis...