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Energy Department sees potential for 5th drillship operating at Stabroek block

Director of Guyana’s Department of Energy, Dr. Mark Bynoe, says potential exist for a 5th drillship to be operating at the 6.6 million acres...

Liza Unity hull 85 percent complete

The hull for the Liza Unity FPSO – Guyana’s second oil production complex – is now 85% complete as work on the 220,000 barrels...

Approval of Payara development expected by Q1 2020

Final Investment Decision on ExxonMobil’s third development project offshore the South American country of Guyana is expected by Q1 2020 as authorities move to...

Guyana to place 3rd party verifier on FPSO for crude lifts

Guyana's Crude Lifting Agreement is expected to be completed over the coming week. The agreement, which came out of a model designed by the Association...

O&G opportunities will ‘pale into insignificance’ if Guyanese fail to unite...

The billions of dollars from oil production and multitude of opportunities opening up to the South American country of Guyana “will pale into insignificance”...

Energy Dept. head says work not affected by political climate –...

Director of Guyana’s Department of Energy Dr. Mark Bynoe says while the current political climate and parliamentary inactivity are concerning, the Department is forging...

Double oil strikes reaffirm Guyana’s substantial oil resources – Dr. Bynoe

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),...

Liza Destiny FPSO sails in on tide of good fortunes for...

Along with its arrival, the 120,000 bpd Liza Destiny FPSO has brought with it good tidings, hope and an opportunity for a brighter future...

Energy Dept. prepping for early oil production

The early arrival of Guyana’s first floating oil production complex could fast-track the South American country’s move to first oil and the Department of...

Energy Department wants oil money to be used for ‘no-regrets investments’

Guyana’s Department of Energy wants oil revenue to be used to pursue investment initiatives that are feasible and intends to advise government against plugging...