With two projects producing, two more approved and a fifth being planned, Guyana’s rapid development of its oil and gas resources is positioning the country as a major non-OPEC player among heavyweights such as Norway, Brazil and Canada.
OPEC said...
CNOOC Limited announced first oil at the Kenli 6-1 oilfield 10-1 North Block Development Project.
It said the project is in the south of the Bohai Sea, with an average water depth of about 19 meters. The main production facilities include one production platform and two unmanned...
Vice President Dr. Bharrat Jagdeo said the government is currently reworking the Petroleum (Exploration and Production) Act of 1986, to modernise its provisions.
The Act applies to the exploration, extraction, conservation, and management of petroleum reserves existing in Guyana’s exclusive...
With Guyana’s current estimated recoverable gas totalling over 17 trillion standard cubic feet, the government has already commenced efforts to determine the best use for these resources. The government reminded, in its 2022 mid-year report, that under the Yellowtail...
CEO of Hess Corporation, John Hess, says his company is determined to play a lead role in fostering positive social development in Guyana. Speaking at a forum last week, he pointed out that all oil companies operating in the...
Bristow Group announced a contract award on Wednesday from Equinor’s state oil company, Equinor.
By virtue of this award, Bristow said Equinor will be tapping into its world leading innovative and sustainable vertical flight solutions. It will provide search and...
Career diplomat, Nicole D. Theriot is President Joe Biden’s nominee for the United States (US) Ambassador to Guyana position, a release from the White House said.
According to the White House, Theriot, a career member of the Senior Foreign Service with...
Aiteo Group – one of Nigeria’s latest energy conglomerates has signaled its interest in Guyana’s booming oil and gas sector, particularly in onshore exploration and development.
Its Chief Executive Officer (CEO) and Founder, Benedict Peters led a delegation of investors...
Guyana’s Central Bank reported in its monthly financial statement for the Natural Resource Fund (NRF) that deposits have now ballooned to a whopping US$949,949,037.75. or GY$198,064,374,000.
At the end of August, no royalties were collected. There were also no withdrawals....
Guyana’s Ministry of Finance in its 2022 mid-year report said oil production is expected to surpass one million barrels per day by 2029 at the ExxonMobil-operated Stabroek Block. But based on the pace of project approvals, this is likely to...
