Transocean, the drilling company that was instrumental in making the giant Liza discovery, was contracted in August for drilling in Brazil and the Gulf of Mexico. The combined value of these contracts exceeds US$1.2 billion.
The Swiss-based driller said the...
The Inter-American Development Bank (IDB) has commented in one of its latest publications that Guyana’s oil boom will drive hydrocarbon exports beyond US$3 billion this year and also account for 59.7% of Gross Domestic Product (GDP).
It further noted in...
Dutch floater specialist SBM Offshore is the only company in the world to deliver floating production storage and offloading (FPSO) vessels with capacity above 120,000 barrels per day, on time, in the last five years.
The company’s world-class performance is...
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, said in relation to the 2016 Stabroek Block Production Sharing Agreement (PSA), that the organisation's code of conduct requires adherence to contract sanctity.
“There's no changing of that,”...
New wells drilled in South America in 2014 contributed to 8% of new wells globally in the offshore sector and 4% in the onshore. And according to Norway-based Rystad Energy, activity has been on a downward trend since then,...
Guyana has made it clear that it intends to stimulate growth with clean, cheap and reliable energy and it is already on that path. On Friday, the South American nation commissioned Lethem’s one-megawatt solar energy farm at a cost...
Dear Editor,
In response to an unfortunate letter from former Executive Director of the Environmental Protection Agency (EPA), Dr. Vincent Adams, published this week in the local press, ExxonMobil Guyana provides this response to several inaccurate and misleading statements that...
Energy market research and intelligence firm, Westwood Global Energy, has named Guyana and Namibia among oil exploration and production jurisdictions where high impact exploration has proven successful.
“38 high-impact exploration wells were drilled in the first half of 2022, similar...
With the world facing a confluence of economic pressures stemming from the war between Russia and Ukraine, Hess Corporation has assured that resulting inflation is being monitored carefully. During its Q2 earnings call on Wednesday, Chief Financial Officer (CFO)...
Hess Vice President for Guyana and Suriname, Timothy Chisholm, said the Gas-to-Energy project would not only power industry and economic growth in Guyana but would help provide a reliable and cleaner source of energy to help meet rapidly growing...
