ExxonMobil Guyana Country Manager Rod Henson says the next decade will be transformational for businesses in the South American country and with the approval of more projects offshore, these local companies will become more confident to invest and take...
United Kingdom based oil and gas exploration company Tullow is confident that it will strike oil off the Guyana coast where it has a 60% equity in the Orinduik Block and 37.5% equity in the Kanuku Block.
Tullow’s Executive Vice...
Guyana’s ratification of several international conventions has been approved by Cabinet. These are aimed at, among other things, strengthening the country’s legal framework for the emerging Oil and Gas industry.
This was announced by the country’s Foreign Affairs Minister Carl...
Hess Corporation (NYSE:HES) said on Monday it intends to plug several hundred million dollars into exploration and development operations offshore Guyana in 2019 as part of what the company describes as its ‘peak spend year’ for the Liza Phase 1...
Outgoing US Ambassador to Guyana Perry Holloway said that while things are happening in the Guyanese economy due to the emerging oil and gas sector, people still do not realise how big the Guyana offshore oil discoveries are -...
ExxonMobil and its partners Hess and CNOOC are turning their attention to the Tilapia prospect, located some 3.4 miles (5.5 kilometers) west of the Longtail-1 well in the prolific 6.6 million acres Stabroek Block offshore Guyana. Industry analyst Wood...
Oil and gas industry analyst Wood Mackenzie says Guyana could surpass Venezuela and Mexico in its oil production thanks to ExxonMobil’s run of success in oil exploration and noted that the country is on the path to becoming a...
Eco (Atlantic) Oil & Gas Ltd. on Wednesday December 5, 2018 announced details of its 2019 drilling programme for Guyana’s offshore Orinduik Block, with the first well – the Jethro-Lobe prospect - being planned for drilling in May 2019.
The...
CGX Energy Inc. (TSXV: OYL) and Frontera Energy Corporation (TSX: FEC) announced Tuesday that they have entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned...
ExxonMobil’s 10th offshore discovery should not be seen as “just another announcement,” according to Director of the Government’s Energy Department in Guyana, Dr. Mark Bynoe.
The US oil giant on Monday announced its latest discovery at the Pluma-1 well –bringing...
