April to see steep decline in demand for oil, but market likely to improve...
As a result of the Organization of the Petroleum Exporting Countries’ (OPEC) failure to agree on production restraint in early March, the implications of...
ExxonMobil cuts 2020 budget by US$10B, says third project offshore Guyana to be delayed
As a result of the declining demand for oil on the world market, ExxonMobil said today that it is reducing its 2020 capital spending...
Stena Carron drillship pulled from drilling programme on Stabroek Block due to COVID-19
According to an advisory that was published by the Maritime Administration Department, the Stena Carron drillship has been pulled from its drilling programme on...
Stabroek Block produced 1.7 million barrels of oil in January- Petroleum Report
The production of oil from the Stabroek Block totalled 1,745,930 barrels for January 2020, or 56,320 barrels of oil per day. This was noted...
Govt. expected to collect over US$1.2M in royalty for first quarter- Finance Ministry
According to the Finance Ministry, Guyana is expected to receive over US$1,268,706 in royalty for the first quarter of 2020. This was explained in...
If Guyana becomes a dictatorship, ExxonMobil will benefit even more at the expense of...
Considering the number of issues Guyana continues to face with preserving the integrity of its electoral process, many commentators have said that the world’s...
Tullow says investors “frustrated” with low oil quality in Guyana licenses
UK Exploration and Production Company, Tullow Oil, has received reports of frustration from its investors as it relates to low oil quality discoveries in...
Guyana luckily locked in US$55/bl deal with Shell before oil price crash
Much to Guyana’s fortune, it was able to sell one million barrels of oil from the Liza Phase One Project to Shell Western Supply...
Contingency plans in place to slow down drilling activities in coming weeks – ExxonMobil’s...
As it continues the evaluation of plans for budget cuts and “work-from-home” arrangements in response to the novel Coronavirus, ExxonMobil has assured that there...
APNU+AFC’s Green State Development Strategy a well-intentioned, constructive starting point for maximising oil benefits-WoodMacKenzie
Irrespective of who emerges the winner at the 2020 General and Regional Elections , one thing is certain, the Green State Development Strategy: Vision...
