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Guyana to beef up port security as oil bounty drives up marine traffic

Since oil production began in 2019, Guyana’s marine traffic has increased exponentially, and its Maritime Administration (MARAD) is working to ensure that security at the ports is strengthened. MARAD has turned to Chile through its Ambassador to Guyana, Juan Manuel...

Exxon’s biggest discoveries in Guyana to date

ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit pay in 2015 after making its first discovery at Liza 1. It is now 2022 and the company has made 33...

Government to compensate property owners who will be displaced by Gas-to-Energy project – Attorney General

A government delegation led by Guyana’s Attorney General, Mohabir Anil Nandlall, on Friday met with residents of several Region Three communities through which the upcoming Gas-to-Energy infrastructure will be built. These communities include Nouvelle Flanders and Wales, the legal...

Over 100 miles offshore, Exxon is prepping for Guyana’s 3rd oil project

Development operations are in high gear at the Payara field, located just over 103 nautical miles offshore Guyana, South America’s up and coming second biggest producer. This marks ExxonMobil’s third project at the massive Stabroek Block where nearly 11...

Guyana’s next crude marketer to take over in last quarter of this year

Guyana’s Ministry of Natural Resources said Thursday that the next contractor to market its entitlement of crude from the ExxonMobil-operated Stabroek Block will be taking over in the fourth quarter of 2022 for a period of one year. The marketers’ responsibilities will...

As Russia deliveries dwindle Germany has looked to Guyana, other locations for rare imports

As oil and gas deliveries from Russia dwindle in wake of the war in Ukraine, Germany, Europe's biggest oil consumer, has been scrambling to find new sources of energy which has seen rare imports in recent months from countries...

Guyana lab now equipped to run multiple tests on crude being produced offshore

Guyana’s Crude Testing Lab run by the Guyana National Bureau of Standards (GNBS) is now able to conduct all necessary tests of Liza Crude and Unity Gold being produced offshore. Crude oil testing helps to ascertain crude characteristics to determine the...

Around one-third of Guyana’s offshore acreage could be up for grabs in new bid round

Guyana is set to auction off portions of its offshore oil basin – dubbed the world’s hottest offshore play, before the end of 2022. A map of the Guyana Basin (dated August 17) shows that almost a third of the...

Guyana remains highly competitive as exploration shrinks globally

The small South American country of Guyana, unknown to the world of oil and gas just seven years ago, is now one of the most active regions globally even as companies opt for less risk which is seeing a...

Delivering Guyana’s biggest transformational project could exceed US$2 billion, economist says its worth it

As the Guyana government and the Stabroek Block co-venturers move forward to develop the Gas-to-Energy project, costs could exceed US$2 billion. This is based on the sum of cost estimates for the onshore plants and the pipeline. ExxonMobil estimates...

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Yellowtail production could climb to 290,000 b/d pending government green light

ExxonMobil Guyana plans to boost production at its Yellowtail offshore oil project by roughly 10% as it conducts a...