Guyana’s largest floating production storage and offloading (FPSO) vessel arrived offshore this week for oil production activities at the ExxonMobil-operated Stabroek Block. The U.S. oil major says it is confident that the equipment on the SBM Offshore built and...

Guyana’s Ministry of Natural Resources announced on Tuesday the arrival of the Liza Unity floating, production, storage, and offloading (FPSO) vessel in the Stabroek Block offshore Guyana. The Ministry said the vessel arrived in Guyanese waters after traveling for approximately...

While ExxonMobil’s GY$1.8 trillion Yellowtail project is poised to generate significant revenue flows for Guyana, previously sanctioned projects have already pumped billions of dollars into the local economy while enhancing the country’s upstream petroleum industry. According to the Yellowtail Environmental...

The International Energy Agency (IEA) said in its latest World Energy Outlook (WEO) 2021 report that under its base case 'Stated Policies' (STEPS) scenario, global oil demand exceeds 2019 levels by 2023 then levels off at 104 million b/d...

Guyana’s Natural Resources Minister, Vickram Bharrat, says in the next four to five years Guyana would be well on its way to becoming the “mini-Dubai” of the Caribbean as it will have four oil ships providing considerable production volumes...

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) will make a Final Investment Decision (FID) on its fourth project to be developed at the Stabroek Block, at Yellowtail, pending government and environmental approvals. Initial estimates have so far indicated...

TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP announced on Wednesday the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the...

Guyana is one of the most promising plays to have been opened in the last decade following the discovery of the giant pre-salt reservoir in Brazil, says independent energy research and business intelligence company Rystad Energy. The new oil producing...

CGX and its Joint Venture partner Frontera said in an update on Wednesday that drilling operations at the Kawa-1 prospect on the Corentyne Block offshore Guyana are proceeding on schedule and the well is progressing without a major individual...

ExxonMobil local affiliate Esso Exploration and Production Guyana Limited (EEPGL) is forging ahead with its fourth offshore project at the Stabroek Block, the largest to date, at the Yellowtail Development. The company has since submitted the Environmental Impact Assessment (EIA)...