Showing results for:

Guyana expected to remain in good position to drive future oil production – IHS Markit

The South American country of Guyana, buoyed by consistent exploration success, is expected to remain in a good position to drive future hydrocarbon production while continuing to attract foreign investments. Exploration activity in Guyana has been concentrated in the Stabroek...

Apache to drill deeper at Maka-1 wildcat offshore Suriname

Apache Corporation (NYSE, Nasdaq: APA) said Monday upon reaching a depth of approximately 6,200 meters at the Maka Central - 1 well offshore Suriname at Block 58, the company elected to conduct various testing activities in two distinct Upper Cretaceous...

US$120 billion in oil revenue is not the same as ‘nothing’ – Trotman

Guyana’s Minister of Natural Resources Raphael Trotman says the South American country is set to receive billions of dollars in oil revenue and one of the most important discussions that should be taking place is how that windfall will...

‘Job-creation, world-class education and health care’ among campaign promises of Guyana’s main opposition party as oil production set to get underway

With what is being described as the ‘mother of all elections’ on the horizon, the main opposition party in the soon-to-be newest oil producing country in South America – Guyana - has released an excerpt of its manifesto which...

Tullow’s final drill target at Orinduik crucial to campaign

(Petroleum Economist) The final drilling target of the year for Anglo-Irish independent Tullow has become more pivotal following the company’s revelation that crude from its offshore Guyana discoveries is heavier and more sulphurous than expected. Tullow’s share price had been...

Signing contracts ahead of development approvals minimise cost overruns and lengthy delays

The signing of contracts with ExxonMobil contractors including Saipem and SBM Offshore for works related to the Payara development prior to final government approval is not unusual since such works require lengthy lead times for planning, design and construction. So...

GTT CEO urges Guyanese to focus on creating wealth, prosperity for self and family

The CEO of the largest telecommunications company in Guyana is urging Guyanese to carefully consider how becoming an oil producing nation will significantly transform the country which has gone from having no known oil resources to more than 6...

Guyana engaging oil companies to close skills gap

Head of Guyana’s Department of Energy (DE) Dr Mark Bynoe says a large part of the Department’s engagement with oil companies is their contribution to education as part of the larger agenda for the South American country’s national development. Speaking...

ExxonMobil engages UG students on geology of South American Basin

At a two-day workshop on South America Basin Analysis and Hydrocarbon Systems for University of Guyana Geology students, ExxonMobil geo scientists delved into details of its exploration work exposing the students to the possible careers that they can aspire...

ExxonMobil briefs City Council on Guyana offshore operations

As first oil from the giant Liza field offshore Guyana draws near, ExxonMobil – operator in the 6.6 million acres Stabroek block - updated officials of the Georgetown Mayor and City Council on the company’s operations in the South...

Latest News

Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth 

Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to...