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DE to collaborate with transparency body for disclosures on Guyana’s oil sales

As the Guyana government prepares to sell its first oil lift from the Liza Phase 1 development in the prolific offshore Stabroek Block, the Department of Energy sees collaboration with the Guyana Extractive Industries Transparency Initiative (GYEITI) as integral...

Equipment operators being sought for ExxonMobil Guyana head office project

Nabi/KCL Oilfield Construction Services Guyana has advertised for a number of construction equipment operator positions as it gears up to begin construction of the head office of ExxonMobil Guyana, operator at the 6.6 million acres Stabroek Block. The positions, totaling...

Guyana enters new era as first oil cargo exported

Guyana’s journey as an oil producer has just begun and promises to bring massive transformation to the tiny South American country. The oil tanker Yannis P set sail on Monday with the first 1 million barrels of oil to...

ExxonMobil looking to ramp up public engagements in 2020

With exploration and production activities taking place 120 miles and more offshore Guyana, ExxonMobil, operator at the 6.6 million acres Stabroek Block, says it has been undertaking a number of engagements geared towards providing more information about its operations...

Cocktail, firework display usher in Guyana’s entry as oil producing nation

Celebrations got underway in Guyana on Friday evening as the country’s government and US oil major ExxonMobil along with Stabroek Block co-venturers Hess and CNOOC held a cocktail reception at the Marriott Hotel to mark the historic milestone of...

Guyana oil production could’ve started in 2024 – Liam Mallon

Average industry performance would’ve seen Guyana becoming an oil producing nation until almost the middle of the decade if efforts to safely fast-track the Liza Phase 1 Development were not made by stakeholders. Speaking to a room filled with guests...

Dozens gather in Georgetown for first glimpse of ‘light sweet’ Liza Crude

Guyanese onshore will now have an opportunity to see first-hand a sample of the black gold being produced 120 miles off of its coast that is set to change the course of the South American country’s history. The Department of...

OPEC names Guyana in ‘growing supply threat from rivals’ forecast

The Organization of Petroleum Exporting Countries (OPEC) in its latest forecast points to a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices. In...

First sample of Liza crude tested by Guyanese technician

The first drop of oil to be taken from the Liza field was received and tested by a young Guyanese technician on board the country’s first floating oil production complex spread moored at the 6.6 million acres Stabroek Block. For...

Giant Liza Phase 2 project among top 15 approved worldwide for 2019 – Rystad Energy

Energy sector analyst Rystad Energy has ranked the Liza Phase 2 development at the 6.6 million acres Stabroek Block offshore Guyana as being among the top 15 approved offshore projects in the world for 2019 in terms of capital...

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Guyana oil fund got US$253 million in February

Guyana’s Natural Resource Fund (NRF) received US$253 million (GY$53 billion) in February from the sale of the country’s share...