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Exploration

“We do not see Exxon turning off the taps in Guyana” – Rystad Energy

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The fall in oil prices triggered by the Saudi Arabia-Russia price war and the COVID-19 global pandemic has resulted in a number of oil and gas companies readjusting their 2020 exploration and production programmes. US oil major ExxonMobil said...
Exploration

Total targeting up to 3 Guyana wells this year despite heavy crude encounters

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French oil company Total expects two to three new offshore wells to be drilled in Guyana this year, Chief Executive Patrick Pouyanne says. This is despite encountering heavy crude at two prospects last year, which brought into question their...
News

Bankers ‘bombarding’ Guyana – finance minister tells Reuters

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Guyana’s Finance Minister Winston Jordan says bankers are ‘bombarding’ the small South American country which recently became an oil producer and exported its first crude cargo on Monday. Jordan, in an interview with Reuters’ Luc Cohen in Georgetown, said government...
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Carapa is ‘important technical discovery’ – Tullow Oil

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The data being gathered from the results of drilling, wireline logging, pressure testing and sampling of reservoir fluid at the Carapa-1 exploration well offshore Guyana will have positive implications for both the Kanuku and Orinduik blocks, according to UK-based...
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Tullow Oil makes discovery at Carapa-1 well offshore Guyana

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Tullow Oil plc (Tullow) said on Thursday that the Carapa-1 exploration well, drilled on the Kanuku licence offshore Guyana, has encountered approximately four metres of net oil pay based on preliminary interpretation, and has extended the prolific Cretaceous oil...
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Wealth, education and infrastructure funds key to Guyana’s success as an oil producer – Rystad Energy

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Norway’s success as an oil producer has been based largely on the country’s push to diversify the economy and not use oil revenues to underpin all other industries in the country. This approach, if taken by Guyana, will see...
News

Shared vision for oil money will open pathway to prosperity

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With just over 750,000 people, Guyana – South America’s newest petroleum hotspot – will begin producing oil within months and with over 6 billion barrels already discovered, revenue from production could profoundly transform the small nation. But the country...
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Guyana must prepare for tectonic shift in development trajectory

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Billions of dollars in oil revenue and a plethora of new opportunities could potentially transform one of South America’s smallest nations into a regional powerhouse, but for this to occur, a concerted effort must be made by its people...
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Double oil strikes reaffirm Guyana’s substantial oil resources – Dr. Bynoe

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Speaking to the media hours after the announcements of two oil discoveries off the Guyana coast, Director of the country’s Department of Energy (DE), Dr. Mark Bynoe said these latest successes, which brings the total discoveries to date to...
News

USGS will reassess Guyana-Suriname basin in 2020 following multi-billion-barrel discoveries by ExxonMobil

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The US Geological Survey (USGS) is looking to reassess its estimated petroleum reserves in the Guyana-Suriname basin which could see its previous estimate of 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas, increasing. Thirty-one geologic...
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Guyana gov’t tables Oil Spill Bill in Parliament

The Government of Guyana on Monday tabled the long-anticipated Oil Pollution Prevention, Preparedness, Response, and Responsibility Bill 2025 in...

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