The Orinduik Block partners are expected to relinquish 20% of the acreage as the first renewal period of the license draws to a close, taking approximately 360 square kilometers (km2) off the 1,800 km2 block. Eco (Atlantic), a partner in...

Norway’s Rystad Energy has lauded Guyana’s efforts to implement the right policies to attract foreign investment that will essentially fund its transition to cleaner, greener energy. In its August Review, Rystad Energy even urged that other Latin American nations use...

ExxonMobil Guyana wrapped up a two-day emergency response training exercise at the Marriott Hotel on Wednesday, to fortify the company’s strategies for incidents that could pose a threat to safety and the environment. The exercise is being conducted in cooperation...

Guyana’s Vice President Dr. Bharrat Jagdeo said on Friday that Guyana needs 10 oil-producing vessels to keep the economic momentum for government’s development agenda. He made the comment in defense of the incentives given to the Stabroek Block partners –...

Saipem and Oil Spill Response Ltd. announced Monday that they have extended an existing partnership to include utilisation of Saipem’s FlatFish underwater drone robotic technology. The drone will be used for environmental monitoring and inspection of asset integrity. The existing contract between Saipem...

President of ExxonMobil Guyana, Alistair Routledge, said in a recent interview that there are over 900 highly trained people in total, stationed on the Stena Carron, Stena DrillMax, Noble Bob Douglas, Noble Tom Madden, Noble Don Taylor and Noble...

Guyana’s oil bounty has blessed the country with record projected growth rates this decade. Economic growth in 2021, according to World Bank data, shows the South American country has already entered the top 100 per capita economies of the...

A massive oil production ramp up off the coast of Guyana this year is seeing daily output at the Liza Destiny and Unity FPSOs reach record levels, delivering significant energy, and in turn revenue, for the country and the...

A Minister of Government in Guyana, Charles Ramson Jr., wrote a letter dispelling claims in one section of the local press that the People’s Progressive Party Civic (PPP/C) administration promised to renegotiate the Stabroek Block Production Sharing Agreement (PSA). The...

With the right fiscal regime in place, Guyana could reap the most benefits from the upcoming oil block auction, Norway’s Rystad Energy said. The highly anticipated auction will be the first time Guyana hands out oil licenses through a competitive...