Showing results for:

Regulator greenlights Guyana’s landmark Gas-to-Energy project

Guyana’s Environmental Protection Agency (EPA) on Friday approved the landmark Gas-to-Energy project, based on an environmental impact assessment (EIA) submitted by ExxonMobil Guyana. “The Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment related to...

Liza Destiny FPSO crew recognised for achieving one year without ‘hurts, cuts or bruises’

ExxonMobil Guyana announced Saturday that it is celebrating 365 days of ‘No Hurts’ aboard the Liza Destiny floating production, storage, and offloading (FPSO) vessel operating in the Stabroek Block. “That’s NO injuries; No cuts, NO bruises, NO physical body damage...

Oil market hungry for Guyana acreage as global energy security concerns escalate – Westmount Energy Chair

Faced with the economic effects of the COVID-19 pandemic as well as the Russia-Ukraine war, energy security and affordability have now become key considerations for governments and policymakers. It is on this premise that Gerard Walsh, Chairman of Westmount...

Oil will be used to uproot historic impediments to broad-based economic growth – Guyana Finance Minister

In an effort to set the stage for a diversified economy with competitive industries, Guyana’s Senior Finance Minister, Dr. Ashni Singh, said the government will use a portion of the oil wealth to uproot historic impediments to broad-based economic growth. Specifically,...

‘Safety culture changing in Guyana’ – 30 more businesses graduate Centre’s HSSE program

The Centre for Local Business Development (CLBD) held its HSSE Management System Awards at the Marriott Hotel on Thursday. It celebrated 30 companies who completed the Health, Safety, Security and Environment (HSSE) programme this year. HSSE is invaluably important to...

Exploration results show emergence of deeper plays in Guyana-Suriname basin – Westmount Energy

Exploration drilling results for the Guyana-Suriname basin support the presence of extensive and deeper plays. This much is evident to Westmount Energy, a UK-based investment firm with exposure in several blocks in the basin. Westmount said one only ought to...

Guyana delivering over 10 million barrels of oil per month to world market racked by shortages

The radical re-organisation of energy markets continues to pose a challenging task, nine months after Russia first invaded Ukraine. At a time when these markets are wallowing in thirst for crude barrels from friendly producers, Guyana’s quickly growing global...

G-Boats has 18 vessels operating in Guyana with local workforce exceeding 300

Since its opening in 2018, Edison Chouest Offshore’s local affiliate – G-Boats – has accumulated a total of 18 vessels operating offshore Guyana in support of ExxonMobil’s Stabroek Block exploration and production activities. Those 18 vessels have a total of 381...

Over US$127 million spent by Exxon, contractors in Guyana during first half of 2022

For the first half of 2022, ExxonMobil Guyana and its contractors spent over US$127 million (GY$26.5 billion) on Guyanese suppliers The Stabroek Block operator has also confirmed with OilNOW that since announcing the first commercial discovery in 2015, over US$700 million was...

Shifting the tsunami of oil investments to Regions Three and Six in Guyana

In just seven years, Georgetown has morphed into the oil capital of the country. Within its borders are several major shore base facilities such as G-Port and the Guyana Shore Base (GYSBI). It is also home to the headquarters...

Latest News

Noble reports US$743M revenue, higher earnings in Q1 2026 on improved rig utilization

Noble Corporation plc reported first-quarter 2026 results on April 26, with higher revenue and earnings driven by improved fleet...