Chinese state-owned oil and gas company CNOOC is raising 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects including Payara, offshore Guyana, where it has...

Senior Vice President of Exploration and New Ventures at ExxonMobil, Mike Cousins, says partnering with the people of the new oil producing South American country of Guyana has been a privilege for the company which has found over 9...

A growing number of companies operating in Guyana’s oil and gas industry are moving more of their supply operations from Trinidad and Tobago and other locations to the South American country, as local capacity to execute projects increase. ExxonMobil Guyana...

Despite the challenges of the COVID-19 pandemic and growing pains related to oil production in a new area, analysts say Guyana offshore activities will remain robust and continue to grow. Speaking on a podcast focusing on upstream developments offshore Guyana...

According to the Payara Petroleum Production Licence, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is expected to provide Guyana with US$400,000 (GY$82,800,000) annually for five consecutive years to support independent audits to be carried out by the...

Drilling a well thousands of meters below the surface guided by data analysis is never a guarantee that large volumes of hydrocarbons will be found, which has so far been the case with prospects drilled outside of Guyana’s prolific...

Global drilling activity is poised to bounce back from a tough 2020 with close to 58,000 wells lined up for this year and over 600,000 expected to be drilled by 2030, according to Norway-based energy research and business intelligence...

The first batch of Guyanese women entrepreneurs participated over the weekend in a bootcamp organised by the Centre for Local Business Development under its Accelerate-Her programme. This programme is funded by ExxonMobil Guyana and Stabroek Block co-venturers Hess and...

ExxonMobil is forging ahead with its multi-well campaign at the prolific Stabroek Block with drilling operations at the Longtail-2 and Cataback-1 prospects. The Stena Carron will be engaged in exploration drilling activities at Longtail-2 located approximately 106.9 nautical miles (198...

Guyana’s Vice President, Dr. Bharrat Jagdeo says a comprehensive programme will be made available to the public showing how oil revenues will be spent, with focus on priority areas such as infrastructure and social upliftment, inclusive of investments in...