Tullow saves US$70M on “low-cost” three-well drilling programme in Guyana
Senior Executives at Tullow Oil are smiling brightly after it was able to save a whopping US$70M on its exploration budget. According...
ExxonMobil files lawsuit against Hess over proposed sale of shares to Chevron
Stabroek Block operator, ExxonMobil has initiated arbitration proceedings against Hess Corporation’s proposed sale of its Guyana oil properties, potentially endangering Chevron’s ambitious $53 billion...
Strategic partnerships between gov’t, investors propelling Guyana’s crude market evolution- S&P Global
Against the backdrop of evolving global energy players, Guyana's emergence as a significant producer in the crude oil market is garnering attention.
Leading provider of...
Guyana lifted 5 million oil barrels during second quarter; to get 10 million more...
Guyana’s Central Bank recently disclosed that Guyana lifted approximately five cargoes, each with one million barrels of oil during the second quarter of 2023....
Guyana among few to help global oil industry in medium term recovery-OPEC
According to the latest report of the Organization of the Petroleum Exporting Countries (OPEC), Guyana is not only on track to see its oil...
US$5,000 oil money pay-out to citizens has merit; must be examined – Lincoln Lewis
The suggestion that poor Guyanese households should benefit from a US$5,000 pay-out from the oil proceeds, has merit and should be examined, says Trade...
Guyana’s first royalty payment totals US$4.9M, already transferred to Natural Resource Fund
Finance Minister, Winston Jordan confirmed moments ago with Guyana Standard, that the nation is in receipt of its first royalty receipt which totals US$4,909,505.30....
Exxon’s Whiptail licence showcases Guyana’s evolved permitting processes – Gossai
In an exclusive interview conducted by Kiana Wilburg, the Chief Executive Officer of the Guyana Energy Conference, Bobby Gossai, the government’s Senior Petroleum Coordinator,...
Tullow announces moves to limit capital exposure in Guyana blocks
With oil industry still caught in the COVID-19 pandemic’s chokehold and a string of failed commercial discoveries, British oil explorer Tullow is now looking...
CNOOC sends first batch of Guyanese scholars to China in landmark scholarship programme
The inaugural phase of the CNOOC Petroleum Guyana Limited (CPGL) Scholarship Programme has reached a significant milestone as four Guyanese students prepare to embark...
