The Guyana Government through its Ministry of Natural Resources (MNR) published on Tuesday, an invitation for international consulting services to review and assess studies for the Payara project set to come on stream by 2024. Payara is the third development...

The largest exploration campaign ever to be undertaken in the Guyana basin is being planned with multiple wells set to be drilled across several blocks. Results from these forays can see the already massive 9 billion plus barrels of...

The Liza Unity FPSO which has been awarded the SUSTAIN-1 notation by leading Classification Society American Bureau of Shipping (ABS) is now in alignment with key elements of the United Nations’ Sustainable Development Goals (SDGs). “The SUSTAIN-1 notation demonstrates the vessel’s alignment with...

In what is being described as a significant milestone in the development of the local supply chain, Italian oilfield service company Saipem has utilized a Guyanese workforce for the assembly, testing, coating, and loading of massive subsea jumpers for...

According to Guyana’s second Extractive Industries Transparency Initiative (EITI) Report, extractive companies declared adjusted social contributions in cash totalling $604,140,735. ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), operator of the Stabroek Block, accounted for 90 percent of...

Yellowtail will develop a much larger resource base than any of the previous developments at the ExxonMobil-operated Stabroek Block offshore Guyana while the Pinktail and Whiptail discoveries which both have deeper zones with good quality oil, could form the...

Guyana’s Ministry of Natural Resources said Thursday it is pleased with the announcement of the country’s latest oil discovery by ExxonMobil affiliate Esso Exploration and Production Guyana (EEPGL) and partners at Pinktail Offshore Guyana, within the Stabroek Block. The ministry...

It’s the block that keeps giving. U.S. oil major ExxonMobil announced on Thursday another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet (67 meters) of net pay in high-quality oil-bearing sandstone reservoir....

The Venezuelan government and its political opposition found limited areas of agreement during a second round of negotiations in Mexico aimed at achieving broad U.S. sanctions relief. But the two sides did reach consensus on a territorial claim with...

On July 3, 2021, the Guyana government sold its 7th oil cargo when just over 1 million barrels of crude were lifted from the Liza Destiny FPSO. Since production began on December 20, 2019, the government has marketed 7.056...