The recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area, Brazil Petroleum Studies (BPS) said in a report published this...
With limited budgets and rich inventories after a few years of active acreage loading, explorers will drill only the prospects that really matter this year. In its new report on global exploration, UK-based consultancy group Wood Mackenzie said companies...
International NGO, Global Witness, has withdrawn its highly controversial report - Signed Away – that focused on the fiscal terms of the Stabroek Block Production Sharing Agreement Guyana has with ExxonMobil. Below is the full statement from Global Witness.
Statement on...
Guyana and Suriname remain two major hotspots for exploration activity in 2021 with a number of key wells to watch as the Americas take the lead in the hunt for hydrocarbon resources this year.
Westwood Global Energy Group said in...
The United States over the weekend made it clear that it remains in full support of Guyana’s bid to have the International Court of Justice (ICJ) preside over the matter involving Venezuela’s refusal to accept an 1899 arbitral award...
The gas-to-power project which is a major initiative being undertaken in Guyana will see a pipeline landing in Wales, on the West Bank of the Demerara River, Region Three, where the government is looking to develop a commercial zone,...
Venezuela’s President Nicolas Maduro has signed a presidential decree setting the country's maritime and territorial borders, TeleSur said in a report on Friday, noting that the move is to protect national jurisdiction rights, especially on the ‘disputed’ Essequibo territory.
The Venezuela-based...
By Kevin Ramnarine – OilNOW
In 2021 there will be a major increase in offshore drilling activity in the Southern Caribbean which will be led by Guyana.
At present there are four drillships operating in Guyana drilling for ExxonMobil. That number...
SBM Offshore, builder and operator of the Liza Destiny FPSO has entered the first year of oil production offshore Guyana at the ExxonMobil-operated Stabroek block. The Liza Destiny FPSO is the first oil production vessel to be deployed to...
2020 was another eventful year for the exploration and production activities offshore Guyana led by U.S. oil major ExxonMobil at the prolific Stabroek block. The year started with Guyana’s first oil lift, the announcement of another discovery in January...
