ExxonMobil’s campaign to find more hydrocarbons at Guyana’s largest block remains in high gear at the start of 2023 with exploration drilling operations continuing at the Tarpon and Fangtooth well sites. According to a notice from the Maritime Administration Department...

Every new year in the development of Guyana’s oil and gas sector has arguably been bigger than the one before it. With new project start-ups, increasing oil production, and more revenues to the country, 2023 is tipped to continue...

ExxonMobil and Stabroek Block co-venturers, Hess and CNOOC, marked 2022 with a slew of new discoveries. It has been described as the best exploration year in Guyana so far, with a total of nine discoveries announced at Stabroek and...

The Guyana government approved two projects in 2022, that represent major milestones in the small South American nation’s mission to become a developed nation – Yellowtail and Gas-to-Energy. Both projects feature the involvement of oil major ExxonMobil and its...

Unprecedented. That best describes Guyana’s oil and gas industry’s ascent in just seven short years. And S&P Global Platts believes that the country has set a new paradigm for accelerated deepwater development. In its latest report, S&P outlined that Guyana...

Guyana’s attractive and competitive fiscal terms have been pushing its unrivaled pace of deep-water development in the Stabroek Block. This has seen the country move from a non-oil producer just seven years ago, to what is now projected to...

Considering Guyana’s accelerated pace of production in the Stabroek Block, the International Labour Organisation (ILO) has found that there will be a high demand for engineering and risk management professionals over the next five years. This was noted in the...

While the accelerated expansion of the oil and gas operations in the Stabroek Block has earned Guyana the title of being the fastest-growing economy in the world, weaknesses in its labour force could have harmful effects on its development...

The Guyana government has utilised portions of a US$20 million World Bank loan to enhance operational efficiencies within the oil and gas sector. OilNOW understands that a two-year contract was granted this year to vLex Justis Limited, which is headquartered in the United Kingdom, to provide...

As of November 30, Guyana received US$1.17 billion from oil sales and royalties so far this year, according to reports from the Central Bank. The sale of 10 lifts in the period, representing Guyana’s share of profit oil, returned US$1.015...