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EU joins calls for diversified economy as Guyana’s O&G sector balloons

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European Union Ambassador to Guyana Mr. Fernando Ponz Canto has joined the call for the South American country to diversify the economy and ensure that it does not become reliant on just the oil and gas sector. He made these...
News

ICJ set to deliver judgement on question of jurisdiction in Guyana, Venezuela border case

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The International Court of Justice (ICJ) announced on Thursday it will deliver its Judgment on the question of its jurisdiction in the case concerning the Guyana v. Venezuela Arbitral Award of October 3, 1899, on Friday, December 18, 2020. The...
Exploration

Development of Guyana’s mega oil fields crucial as major shortfall in world supply expected

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Global oil reserves are not being replenished with enough conventional resources for future demand of oil and gas and this is set to create a major shortfall through 2050 despite lower future demand due to the coronavirus pandemic and...
News

O&G companies playing major role in Guyana oil spill preparedness efforts – CDC

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With Guyana lacking the capacity to adequately respond to large oil spills--that is, Tier Two and Tier Three spills--local companies have been playing an important role in oil spill response preparedness efforts. The National Oil Spill Contingency Plan indicates that...
News

Guyana deepwater carbon footprint smaller than heavy oil in Canada and across the world

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With approximately 9 billion barrels of oil equivalent and climbing, Guyana’s deepwater resources have a smaller carbon footprint than heavy oil being produced in Venezuela, Canada and across the world. Light crude is typically in the 35-45 American Petroleum Institute...
News

ExxonMobil has moved over 6,000 people offshore without a single case of COVID-19 – Routledge

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ExxonMobil has been able to forge ahead with its exploration, development drilling and oil production operations offshore Guyana over the last several months without recording a single case of COVID-19, the head of the company’s activities in the South...
News

Guyana and Suriname sign historic ‘Open Skies Agreement’ as economic surge set to boost travel

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New oil producer Guyana has signed a historic deal with neighbouring Suriname that will allow for easier travel between the two countries. The agreement was signed on Monday in the Savannah Suite of the Pegasus Hotel in Georgetown, Guyana’s Capital...
News

Impact of U.S. blacklisting on CNOOC’s operations currently limited – S&P Global Platts

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The blacklisting of state-run upstream company China National Offshore Oil Corporation by the US government on December 3 has raised the stakes for China's oil and gas companies amid worsening trade and diplomatic relations between the two countries, S&P...
News

Hess encouraged by Suriname oil strikes, says offshore potential significant

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Hess Corporation said it is encouraged by the exploration success of Apache and Total in Suriname’s Block 58 where three discoveries have so far been made and the search for more hydrocarbon continues. John Hess, CEO of Hess Corporation said...
Exploration

Brazil’s Petrobras could turn to Guyana for offshore acreage, CEO says

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(S&P Global) Brazilian state-led oil company Petrobras could turn to Guyana for access to acreage along South America's equatorial margin if local environmental regulators do not grant permits to drill in Brazil's Foz do Amazonas Basin, CEO Roberto Castello...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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