Guyana’s forests which stretch over 18 million hectares absorb 154 million tons of carbon dioxide (CO2) annually from the atmosphere. This is about the same annual greenhouse gas emissions from Norway, Sweden, Finland, and Denmark with a combined population...
With the Liza Destiny and Liza Unity FPSOs producing approximately 360,000 barrels of oil per day (bpd), Guyana is already the second leading productive asset for Hess Corporation, a 30% partner in the Stabroek Block.
And once the Prosperity and...
For Guyana’s first oil blocks auction, the government has said successful bidders will have to pay a minimum of US$10 million for each of the 11 shallow water blocks in play. They would also have to pay a minimum of US$20...
Saipem said it closed the sale of its onshore drilling business on Friday to KCA Deutag. The agreement was announced in June.
Specifically, Saipem’s activities in Saudi Arabia, Congo, United Arab Emirates and Morocco have been transferred.
The agreement provides for...
ExxonMobil affiliate, Esso Exploration and Production Limited Guyana (EEPGL) has signed the subsea support vessel – the Maersk Nomad – to support its field development activities in Guyana’s offshore Stabroek Block.
According to Maersk, the contract has a minimum one-year...
Guyana’s Vice President, Dr. Bharrat Jagdeo on Thursday announced new fiscal terms as part of an updated model production sharing agreement being introduced in the new oil producing South American country.
The government has said over the months that new...
Major stakeholders leading the development of the oil and gas sector in Guyana are gearing up to host the second in-person Guyana Supplier Forum.
ExxonMobil Guyana and the Centre for Local Business Development are at the helm of the organisation...
Guyana’s Local Content Secretariat said Tuesday that it has granted Local Content certificates to 354 Guyanese suppliers, listed on its website.
The coveted certification allows those suppliers to be treated with legally mandated preference by international oil companies (IOCs) and...
Stacked against each other, international investors will tell you that they favour Guyana’s oil prospects over Suriname’s, and even those of legacy producer, Trinidad and Tobago, says energy analyst, Arthur Deakin.
The Director for Americas Market Intelligence (AMI) Energy Practice made this statement as part...
Hess Corporation says its exploration and production expenditure hit US$701 million in the third quarter of 2022 compared with US$498 million in the prior-year quarter.
This was primarily due to higher drilling and development activities in the Bakken, the Malaysia-Thailand...
