Equitable distribution of oil money will be one of Ali’s greatest challenges-Ambassador Sanders
As it settles in to gather an understanding of what it has inherited from the previous administration, the Irfaan Ali government will be confronted...
ExxonMobil signs six-month contract for drillship Suriname used in recent exploration success
American oil giant, ExxonMobil has already established that the Stabroek Block holds over eight billion barrels of oil equivalent resources. Since doing so, it...
Guyana could easily surpass Venezuela’s production by 2025 once ExxonMobil’s Payara project receives speedy...
As a result of the crippling sanctions on its oil industry from the USA as well as the economic turmoil unleashed by the COVID-19...
EPA advances staff’s capacity to monitor infractions in oil, other sectors
Even though it was hamstrung by financial constraints due to the absence of a 2020 budget, the Environmental Protection Agency (EPA), still managed to...
Despite pressures of COVID-19, Liza Two remains on track for 2022 start-up-Hess CEO
While the pressures of the COVID-19 pandemic have put an overwhelming strain on the oil and gas industry, Chief Executive Officer of Hess Corporation,...
Quality of recent oil finds at Yellowtail complex similar to Liza- Hess COO
Even as it noted that the operator of the Stabroek Block, ExxonMobil, is in the process of evaluating two additional reservoirs at the Yellowtail...
Delays for Payara Project leaves US$465M for the country in limbo-Experts
In terms of sheer numbers, Petroleum Experts, Dr. Remi Piet and Arthur Deakin posit that the Payara field which is expected to produce roughly...
ExxonMobil currently evaluating world-class find at Yellowtail-2 appraisal Well for potential development
In May last, the Stena Carron drillship had resumed operations and drilled an appraisal Well at the Yellowtail-2 which is one mile southeast of...
Hess Corp. suffered net loss of US$320M for second quarter
Hess Corporation which holds a 15 percent working interest in the Stabroek Block reported yesterday that it suffered a net loss of US$320 million,...
Portion of oil money should be used to invest in incentives for local manufacturers-CGX...
Considering the fact that oil is a finite resource, Executive Chairman for CGX (Guyana) Energy, Professor Suresh Narine posits that Guyana must begin to...
