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Plans to ramp up production to 340,000 bpd by 2022 on...

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The giant Liza Phase 2 Development Project offshore Guyana remains on course for production startup in 2022, the country’s Department of Energy (DE) has...

Guyana much closer to selecting firm for 2D, 3D seismic survey...

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After receiving seven applications and completing a significant portion of the evaluation process, Director of the Energy Department, Dr. Mark Bynoe has disclosed that...

Oil storage not an issue for Guyana at this point but...

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Even though global oil storage space continues to come under immense pressure following depressed demand, the situation is not one that has affected Guyana...

Protracted elections could see Guyana losing hundreds of millions from delay...

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By Kevin Ramnarine - OilNOW  Last Friday, in presenting its first quarter 2020 results, Exxon mentioned that the Payara project would be delayed by at...

Finding oil is really hard, making money even harder

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(Journal of Petroleum Technology) As ExxonMobil announced discovery after discovery offshore Guyana, it sounded easy. Beginning with the Liza-1 discovery well, the giant oil company...

Ongoing elections process in Guyana slowing down project approvals – ExxonMobil...

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A now two-month long delay in the completion of a presidential election in the South American country of Guyana is slowing down the project...

‘Water-based’ crude producers can stay afloat…for now – TT Energy Minister

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While trading at Brent futures does not necessarily provide insulation from the oil price volatility gripping the global industry at present, it puts producers...

Guyana battling oil crisis, global pandemic and internal conflict

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The International Energy Agency (IEA) says low oil prices impact the livelihood of millions of people employed along the oil industry’s extensive value chain....

Caribbean economist highlights Guyana’s economic prospects in face of political uncertainty

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Guyana's economic prospects remain bright in face of the COVID-19 pandemic and falling oil prices. The one potential pitfall continues to be the unresolved...

US oil price under pressure as Guyana and T&T keep close...

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While the sale of crude from the Liza Field in Guyana and in neighbouring Trinidad and Tobago (T&T) has not shared the same fate...