With an average volume of 300 million barrels of oil equivalent per discovery and a record 80 percent success rate, the pioneering oil fields offshore Guyana, particularly at the prolific Stabroek Block, continue to deliver big pay with low...

Guyana's Vice President Dr. Bharrat Jagdeo has given confirmation that the amendments to the Natural Resources Fund (NRF) and the local content Bill will be tabled in the National Assembly next week Thursday, December 16. The Vice President confirmed...

Since 2015, ExxonMobil has found an average of 1.7 billion barrels of oil per year offshore Guyana and recently increased its estimate of the discovered resources at the prolific Stabroek Block to 10 billion barrels of oil equivalent. A...

With discovered oil resources of over ten billion barrels, low breakeven costs of $25-$35, and a light sweet crude, low in sulfur that emits fewer greenhouse gasses, Managing Director of Americas Market Intelligence John Price, says Guyana is the...

Head of the Environmental Protection Agency (EPA), Kemraj Parsram recently disclosed that his team is working on securing technology that would boost the capacity of the agency to test produced water. In the meantime, Parsram said ExxonMobil’s affiliate, Esso Exploration...

ExxonMobil has been recognised for its efforts to build local economic capacity, protect the environment and support communities in the new oil producing South American country of Guyana. The company received the World Petroleum Council Excellence Award (WPCEA) for...

In light of the 10 billion barrels of oil equivalent resources found at the Stabroek Block since 2015 and ongoing exploration campaigns across other blocks, Guyana’s Minister of Natural Resources, Vickram Bharrat says there is “tremendous interest” from investors...

Since the Centre for Local Business Development opened its doors in 2017 in Guyana to help local businesses build capacity and prepare for opportunities in the oil and gas sector, there has been a more than 200 percent increase...

Following its latest analysis of supply costs within the upstream sector, Rystad Energy, a research and business intelligence company based in Norway, has found that new oil discoveries are now more competitive and cheaper to produce. Expounding in this regard,...

The sheer volume of Guyana’s multi-billion-barrel Stabroek Block discoveries has presented it with a golden opportunity for fundamental societal transformation. But to make this happen, the South American oil producer has to overcome the dreaded “resource curse” says Dr....