President of Guyana, Dr. Irfaan Ali on Wednesday highlighted plans by ExxonMobil to significantly ramp up oil production activities offshore the South American country which will see production hitting the 1 million barrels per day mark by 2027.
During a...
Hess Corporation which holds a 30 percent stake in the Stabroek Block offshore Guyana reported on Wednesday a net income of of US$252 million for the first quarter of 2021.
Turning its attention to operations at the Stabroek Block, the...
One of the newest Oil and Gas (O&G) support companies to enter Guyana’s petroleum industry is Sustainable Environmental Solutions Inc. (SES), made possible through a joint venture agreement between Finnish company, Corena Group Integrated Environmental Solutions, and local companies,...
ExxonMobil announced on Tuesday its 19th discovery offshore the South American country of Guyana at the Uaru-2 well which will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be...
Guyana’s Vice President and officials from the Gas to Power Generation Taskforce held a lengthy session with the media on Monday to explain the background and current plans related to the estimated US$900 million project aimed at landing a...
Head of Guyana’s Gas to Power Generation Taskforce, Winston Brassington, revealed on Monday that the current estimates for the project which is expected to deliver affordable power to the nation of just over 750,000 people should cost approximately US$900M.
During...
The Stena Carron rig is resuming drilling operations at the Koebi-1 prospect in the prolific Stabroek Block offshore Guyana after an initial operation at the well site in March.
The well is situated approximately 120.6 nautical miles (223.4 kilometers) from...
Updated April 25, 2021
UK-based global energy consulting group Wood Mackenzie says Guyana is in a unique position as the world’s newest major oil producer. Other oil- and gas-dependent producers are contemplating the threat posed by the energy transition to...
An extended low freight environment seen in the global VLCC, or Very Large Crude Carrier, market amid the coronavirus pandemic has left historical freight differentials for Americas-loading VLCCs in disarray, S&P Global Platts said in an April 23 report....
Guyana’s Natural Resources Minister, Vickram Bharrat is adamant that the Wales gas-to-shore project will not only benefit those in the country through affordable electricity, but it will also attract wealthy international investors to the nation’s shores.
The Natural Resources Minister...
