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HomeGuyana

Guyana

Guyana
Energy Storage

Guyana launches 34MWh tender for battery energy storage alongside solar PV

December 8, 2022 Mariel Alumit

Guyana, a country on South America’s north coast, has issued an invitation for bids for energy storage projects with a combined capacity of 34MWh. The Guyana Utility Scale Solar Photovoltaic Program (GUYSOL) is now seeking […]

ExxonMobil
International News

ExxonMobil Announces Two New Guyana Discoveries

October 26, 2022 Mariel Alumit

Third quarter production grew to approximately 360,000 barrels a day; one million barrels a day targeted by 2030 Third major development on schedule for 2023 start-up More than 30 discoveries in the Stabroek block since […]

Guyana
Crude Oil News

Guyana Just Keeps On Giving As Exxon Makes Two More Discoveries

July 27, 2022 Mariel Alumit

U.S. supermajor ExxonMobil is continuing with its incredibly precise exploration of Guyana’s Stabroek block with two new discoveries southeast of the Liza and Payara developments. The exploration work in Guyana for Exxon appears laser-guided as […]

Exxon Mobil
Big Oil Companies

Exxon Mobil CEO cautions against an abrupt energy transition, warning underinvestment leads to high gas prices

June 26, 2022 Stu Turley

Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for […]

offshore
International News

Guyana to not conduct additional seismic studies on new offshore oil leases

June 1, 2022 Mariel Alumit

Guyana’s Vice President Bharrat Jagdeo said the government would not conduct additional seismic studies on offshore oil blocks that are set to be auctioned in September. “The price of oil is high, and I think […]

Global oil and gas
Exploration and Production

Rystad: Oil And Gas Investment To Rise 20% In 2022

May 26, 2022 Mariel Alumit

Rystad: Global oil and gas investment is set to rise by 20% this year. In the United States, investment in shale is set to increase by 35%. Oil frontiers like Guyana, Brazil, West-Africa and Australia are […]

OPEC - ENB
Crude Oil News

Opec cuts oil demand growth forecast further

May 13, 2022 Mariel Alumit

Opec has revised its oil demand forecast for this year further down, because of the impact of the war in Ukraine on the global economy, accelerating rates of inflation and Covid-19 restrictions in China — […]

International News

Hess Announces Three New Discoveries and Increase in Resource Estimate for Stabroek Block, Offshore Guyana

April 28, 2022 Mariel Alumit

Gross discovered recoverable resource estimate for Stabroek Block increased to approximately 11 billion barrels of oil equivalent Discoveries at Barreleye, Lukanani and Patwa further underpin the development potential of the block NEW YORK–(BUSINESS WIRE)–Hess Corporation […]

Exxon Bets Another $10 Billion On Guyana’s Oil Boom
Exploration and Production

Exxon Bets Another $10 Billion On Guyana’s Oil Boom

April 13, 2022 Mariel Alumit

For the past 7 years, ExxonMobil has been consistently increasing its footprint in Guyana. Exxon has already made over 20 discoveries, and it is predicting many more to come. The supermajor estimates its Stabroek Block […]

Exxon - EnergyNewsBeat
Crude Oil News

ExxonMobil moves forward with $10 billion Guyana offshore oil project

April 5, 2022 Andy Del Prado

ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 […]

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