With nearly 11 billion barrels of oil equivalent discovered since 2015, ExxonMobil is looking to further increase these volumes at its largest deepwater license offshore Guyana. The US oil major is targeting a new prospect - Yarrow-1 – located approximately...

Following publication of BP’s annual Statistical Review, each year Rystad Energy releases its own analysis of the global energy landscape to provide an independent, data-based comparison and evaluation. Continuing the trend from previous years, Rystad Energy’s 2022 review shows...

Seven giant National Oil Companies (NOCs) can continue to produce at their current rates for another 40-60 years from existing resources, and even longer, if they convert some of what is currently considered contingent resource into commercial. This is...

The start-up of Phase 2 of the Liza Development has pushed daily output in South America’s newest oil producing nation to above 300,000 barrels per day. The Liza Unity floating, production, storage, and offloading (FPSO) vessel arrived at the ExxonMobil-operated...

Chief Executive of Hess Corporation, John Hess, said Guyana is on its way to becoming one of the world’s largest crude oil producers by 2027. He made the comment Friday during an event at State House in Georgetown. 2027 is...

Maersk Drilling recently reached another safety milestone. Its Maersk Resilient jack up rig went an entire year without lost time incidents. “Another safety milestone has been reached! As a true testament to #MaerskDrilling’s commitment to safety, #MaerskResilient surpassed 1 year without any lost time incidents,”...

Dominic Gaskin, who served as Guyana's Minister of Business under the previous administration, says Guyana’s take from oil production activities at the Stabroek Block will increase in the future. Mr. Gaskin made this comment in a letter published in the...

If the Guyana government were to impose a cap on the expansion of Guyana’s oil and gas operations by, say, not approving any more projects, it would essentially be killing the momentum in the local supply industry. According to...

President of Guyana, Dr. Mohamed Irfaan Ali said the government and households will see direct savings once the first phase of the landmark Gas-to-Energy project is delivered. He provided estimates during a recent State House event, outlining the project details. “We...

In just seven years Guyana has moved from a frontier area to South America’s hottest new oil province and emerging energy hub, all as a result of an unprecedented series of discoveries made by ExxonMobil off the country’s coast...