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US Ambassador frowns on TT’s support for Maduro: Rowley lashes back

Prime Minister of Trinidad and Tobago Dr Keith Rowley has responded to the United States Ambassador to Trinidad and Tobago Joseph Mondello’s statement against Trinidad and Tobago’s position on Venezuela, according to a news report on CNC3’s website. In a...

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...

Ramform Tethys among vessels undertaking new ESSO surveys

On January 12, 2019, ExxonMobil affiliate Esso Exploration and Production Guyana Limited commenced 3D and 4D seismic surveys within the southern portion of the Stabroek Block off the Guyana coast, just weeks after the Venezuelan navy intercepted two contracted...

Busy year ahead for ExxonMobil Guyana as country gallops to first oil

2019 will be a ‘very busy year’ for ExxonMobil in the new South American oil and gas hotspot of Guyana, as exploration activities are ramped up and work intensifies in preparation for first oil by 2020. “We are currently drilling two...

US must play key role in supporting democracy in Guyana, help country avoid ‘descent into chaos’ – Evan Ellis

A senior Associate attached to the Center for Strategic and International Studies (CSIS) - a think tank based in Washington, D.C. – believes the United States has a vested interest in ensuring that the emerging South American oil giant,...

Guyana should seek broader alliance with US military to ward off threat from ‘desperate Venezuelan regime’ – Former Minister

A former Guyanese government official believes that a sustained programme to facilitate military tactical support and coordination between Guyana and the United States of America would help to deter further aggression from Venezuela. Former Minister of Natural Resources and the...

Venezuela becoming increasingly aggressive in push for more territory

Reports indicate that Venezuela has signaled its intention to remap its Caribbean oil and gas prospects which is a move that could further escalate rising tensions between that country and neighbouring Guyana, which has of late become an oil...

WoodMac estimates Pluma could contain 300 million barrels of oil

Industry analyst Wood Mackenzie estimates that ExxonMobil’s 10th discovery off the Guyana coast at the Pluma 1 well could add an additional 300 million barrels of oil to what is a rapidly growing resource base for the US oil...

Large-scale land, water remapping project to get underway in Guyana

As it embarks on a project to remap the entire country, the Guyana Lands and Surveys Commission (GL&SC) is establishing a Hydrographic Surveying Unit to deal with a range of features including those related to offshore exploration. According to Chief...

US$65M expended with more than 300 local suppliers during 2018 from Exxon operations in Guyana

ExxonMobil said in an update on Monday that throughout its activities in Guyana, the company continues to emphasize and promote direct benefits to local business. “More than 50 percent of the Guyana affiliate’s employees, contractors and subcontractors are Guyanese, a...

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What happens to the parts of Guyana’s offshore blocks that contractors give back?

When ExxonMobil drilled the Liza-1 well in 2015, it confirmed the first major offshore oil discovery in Guyana —...