Claims have been made that Guyana can conduct ‘real time’ monitoring of costs incurred by ExxonMobil for its offshore Stabroek Block operations. The country's Vice President Dr. Bharrat Jagdeo dismissed these last Friday, explaining that such a system does...
ExxonMobil’s Uaru development is targeting approximately 1.319 billion barrels of oil, making it the largest project the company will be undertaking to date at the Stabroek Block offshore Guyana.
The projects already approved and sanctioned offshore the South American country...
Qualco Guyana was established in 2019 on the wave of massive discoveries being made offshore the South American country at the ExxonMobil-operated Stabroek Block. Although its operations were impacted by the COVID-19 pandemic just a year later, activities have...
The Guyana government said the petroleum sector expanded by 73.5% in the first half of 2022, with 34.6 million barrels of oil produced.
It attributed the growth to commencement of oil production at the Liza Unity floating production, storage, and offloading (FPSO) vessel in...
CGX Energy is preparing to spud the Wei-1 well in the Corentyne Block in October, confident in the placement of the prospect in the Northern section of the acreage, where it is flanked on various sides by a series...
The Centre for Local Business Development (CLDB) hosted an event at the Pegasus Hotel on Saturday, commemorating the completion of the second cohort of its entrepreneurship program – Accelerate-Her.
Accelerate-Her is a professional development initiative for women entrepreneurs. It aims to...
By Joel Bhagwandin - OilNOW
Summary
The full project lifecycle of the oil and gas business is around 30 years or more. During the exploration and development stage which may span about 20 years before production, the oil companies continuously...
Playing up its extensive forest cover, the Guyana government says the country is already at net zero status. And with ExxonMobil announcing plans to ramp up production offshore, regulators will be keeping tabs on how Stabroek Block operations impact...
Despite criticism about the fiscal terms of the Production Sharing Agreement (PSA) between Guyana and ExxonMobil, the deal has paved the way for rapid development of the vast hydrocarbon resources found off the country’s coast.
Following the announcement of massive...
Noble Corps.’ acquisition of Maersk Drilling has been given the greenlight after the United Kingdom Competition and Markets Authority (CMA) accepted the undertakings provided by Noble to resolve issues that could have resulted from the merger.
The CMA had noted...
