Tag: Guyana
Tullow makes second discovery offshore Guyana
Tullow Oil plc (Tullow) announces that the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. This...
2% royalty is not Guyana’s entire ‘slice of the pie’
The 2% royalty to be paid by ExxonMobil to the Guyana Government when oil production begins does not represent the country's entire take from...
Fastest production ramp-up ever undertaken on track for first oil
Plans are moving along rapidly in South America’s newest oil and gas hotspot for the start of oil production, now just months away. The...
Positive O&G outlook will drive Guyana’s GDP higher over next 10...
Financial information services provider Fitch Solutions says the first oil discovery outside the Stabroek block will serve to buoy investor sentiment to projects in deepwater...
The most profitable deep-water projects on the planet are in Guyana
The colossal discoveries ExxonMobil has made in Guyana to date will help expand production and revenue generation through a number of projects analysts say...
Guyana on the radar of every major oil company in the...
The South American country of Guyana is on the radar of every major oil company in the world now that a total of 14...
Guyana oil prospects rapidly expanding with huge potential for national development
Just over 4 years ago Guyana was virtually unknown in the world of oil and gas with no proven oil reserves and scores of...
Global oil, natural gas exploration forecast to climb 35% from 2018
The second half of the year should see sustained increases in oil and natural gas exploration activity worldwide, according to analysts, Natural Gas Intelligence...
Exxon earns $3.1 billion in Q2 2019 as Liza 1 approaches...
Exxon Mobil Corporation on Friday announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion...
UK Analyst and Guyanese Economist say high royalty rate could make...
UK-based data analytics and consulting company GlobalData and a Guyanese Economist both say the scope for an upward adjustment in the royalty rate under...