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...

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...

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...