Guyana’s massive hydrocarbon resources and offshore development plans were the key focal points at the opening of the 4th Annual Aberdeen-Guyana Gateway event on Tuesday, June 22. The 2-day event is bringing together the Aberdeen and Guyana energy communities...
ExxonMobil is forging ahead with its aggressive exploration and appraisal drilling programme offshore Guyana with new prospects being targeted at the 6.6 million acres Stabroek Block.
The Noble Sam Croft drill ship is probing Pinktail-1, located 104 nautical miles (192.6...
Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under...
By Arthur Deakin – OilNOW
The International Energy Agency (IEA) recently set out a narrow roadmap for the world to reach net zero carbon emissions by 2050. Annual renewable energy capacity will have to be added at four times the...
The University of Guyana (UG) has received more funding from foreign investors in the oil and gas industry than the total amount received from all other sources in over 15 years.
Vice Chancellor Professor Dr. Paloma Mohamed-Martin said that from...
Following the completion of desktop work to reprocess seismic data, explorers at Guyana’s Orinduik Block will move to identify new targets for drilling in 2022.
“The joint venture partners of the Orinduik Block offshore Guyana utilized the past 18 months...
With Guyana expected to produce more than 800,000 barrels of oil per day by 2025, experts say that the country can become a key producer in creating global oil market balance as the demand grows and supply shrinks.
Chief Economist...
In just two years, the damning effects of the COVID-19 pandemic have affected upstream investments by a whopping US$285 billion. Due to these significant cuts, upstream spending will struggle to recover to pre-pandemic levels. Revealing these details recently was...
The Liza Unity FPSO, the first oil production vessel to be built by SBM Offshore using its pioneering Fast4Ward® program, will soon depart the Keppel Shipyard in Singapore for Guyana where it will be spread moored at the ExxonMobil-operated...
Guyana, now in its second year as an oil producing nation, could see revenues from royalties and the sale of its Liza Crude surpassing the US$500 million mark by the end of the year.
The country has already exported a...
