The South American country of Guyana has joined the league of petroleum producing nations with the official start of oil production at the Liza Phase 1 Development, announced on Friday December 20 by President David Granger, who proclaimed the...
JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets, Reuters said in...
The much-anticipated Local Content Policy (LCP) that would set the framework within which companies in Guyana’s oil and gas sector are expected to operate, is closer to finalization.
Director of the country’s Department of Energy (DE) Dr. Mark Bynoe made...
The search for hydrocarbons continues at the Carapa—1 prospect located in the Kanuku block offshore the South American country of Guyana, with results expected over the next several days.
“Repsol is currently focused on drilling the Carapa exploration well with...
Several international oil companies including majors such as ExxonMobil and Chevron are bidding for the opportunity to lift Guyana’s first share of oil cargoes from the Liza field at the Stabroek Block early next year, the country’s Department of...
By Professor Anthony T Bryan
(Jamaica Observer) Clear de way, Guyana coming back is the title of a lively vintage calypso by Dave Martins and the Tradewinds about several Caribbean nations in a virtual horse race competing for prominence. Perhaps...
At the close of the third quarter of 2019, more than 1,700 of the workers supporting project development activities at the Stabroek Block offshore Guyana are Guyanese, 300 of which are women in both the professional and technical fields.
ExxonMobil...
As Guyana gears up for oil production, possibly within days, the Department of Energy (DE) is pursuing discussions with a few companies for the potential placement of the country’s first 3 cargoes from its entitlement, as part of measures...
From the first discovery announced in May 2015, to first oil, now potentially just days away; the tremendous work that has gone into bringing the Liza Phase 1 Development project to the point of production will soon pay off.
The...
As the South American country of Guyana prepares for elections, set to take place on March 2, 2020, ExxonMobil, operator at the Stabroek Block where oil production could begin within days, is making it clear that it will not...
