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No linkage between compressor issue, production optimization – ExxonMobil

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German engineering company MAN Energy Solutions says there is no linkage between technical issues encountered with the flash gas compressor on the Liza Destiny...

Drill campaign planned at Makarapan-1 exploration well offshore Guyana

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After successfully completing negotiations with the government regarding the rescheduling of its work commitments, CGX Energy Inc and its joint-venture partner Frontera Energy Corporation...

Need for realistic local content targets form key part of discussions...

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Section seven of Guyana’s draft revised Local Content Policy Document that is currently under consultation falls under the title, ‘Minimum Local Content in Goods...

Study points to 32 prospects offshore Guyana with huge potential

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The results of an independent prospective resource study completed last year has provided enough evidence to support views that the Corentyne and Demerara blocks...

Guyanese leadership in the Oil and Gas sector will require Guyanese...

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By Dr. Terrence Richard Blackman - OilNOW In an updated forecast, it has predicted that oil prices will average just above $50/b in 2021. If...

Operators must tell local businesses about upcoming opportunities, President says

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The Guyana Government is seeking to make it a policy that oil and gas operators have to provide advance notice to local businesses in...

Capacity on the ground, banking system challenges among points raised at...

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During the first leg of consultations held on Monday on Guyana’s draft Local Content Policy, the discourse, which was facilitated by President, Dr. Irfaan...

Accountability, realistic targets must be hallmarks of Guyana’s local content policy...

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During Monday's launch of the first round of consultations on Guyana's draft Local Content Policy, President Irfaan Ali categorically stated that the final document...

Why hasn’t Guyana spent a dollar of its now over US$200...

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Since oil exports began in Guyana in January 2020, the government has exported approximately 5 million barrels of oil – 4 last year and...

Light sweet Liza crude in good position as Brent soars past...

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The Guyanese government’s decision to push for rapid development of the nation’s oil and gas resources in an investor-friendly environment was buoyed in early...