Vice President of Guyana, Dr Bharrat Jagdeo believes that it is unrealistic to call for the developing South American country to leave its giant oil discoveries - made over the past five years – undeveloped, while the needs of...

British High Commissioner to Guyana, Greg Quinn, says the South American country is about to experience a transformation “beyond all recognition,” with a more affluent consumer base and growing economic opportunities for its population of just over 770,000. Quinn was...

Guyana’s Environmental Protection Agency (EPA) says it will be moving to the court soon as a result of ExxonMobil’s decision not to pay the fine imposed over hydraulic fluid spills that occurred earlier this year at the offshore Stabroek...

Oil projects off the coast of South America have lower breakeven prices and competitive payback times in comparison to similar projects in other parts of the world, which makes them more resilient in the current turbulent times, Norway-based Rystad...

Through the engagement of a specialist firm in December 2019, the in-depth review of the Field Development Plan (FDP), Environmental Impact Assessment (EIA) and supporting documents for the Payara development also included an assessment of eleven key areas of...

The country with the largest oil reserves in the world could soon be producing none of it. Venezuela—one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC—could soon be producing close to...

As discussions continue in Guyana on the prospect of piping gas to shore for generation of cheaper and cleaner energy, ExxonMobil, operator at the Stabroek Block, has confirmed that volumes found at the Liza field meet the requirements of this proposed project....

Former Premier of Alberta, Canada, Alison Redford QC, has been engaged by authorities in Guyana to review the Payara development contract. The Ministry of Natural Resources (MNR) said on Saturday, subject Minister, Vickram Bharrat met with Ms. Redford along with...

The recently installed administration in Guyana has already been meeting with companies to further discussions on the proposed gas-to-shore project that would provide the South American country with reliable and affordable power which could see a number of new...

Malaysia-based equipment manufacturer KNM has been awarded a contract by Dutch floater specialist, SBM Offshore, for the supply of equipment for a floating production vessel being built for ExxonMobil’s oil production operations in Guyana. KNM said its subsidiary, KNM Process...