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McDermott gets large transport and installation deal from India oil company

McDermott International, Inc. has further expanded its involvement in one of India's most significant subsea projects by securing a large transportation and installation contract from the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project. This development...

Staatsolie puts 11 shallow blocks up for auction with leads totaling 91 billion unrisked barrels

Staatsolie Hydrocarbon Institute N.V. (SHI), a subsidiary of Staatsolie Maatschappij Suriname N.V., has initiated a new opportunity for oil companies to engage in its offshore oil and gas sector. Staatsolie has announced an auction of eleven blocks within the...

Robust measures in place for offloading crude at Payara as first oil nears

Guyana’s Environmental Protection Agency (EPA) has put in place a series of robust measures to guide the Prosperity floating production storage and offloading (FPSO) vessel’s offloading operations for ExxonMobil’s Payara development project. The project, set to come online soon, is...

Maduro’s ‘do you love your mom’ referendum is useless, harmful says ex-Venezuela Ambassador  

A former Venezuela envoy to Guyana, Sadio Garavini di Turno, has openly criticized the Nicolas Maduro government's decision to hold a referendum on the Essequibo territorial claim, labeling it not just as useless but also harmful to the country's...

Equinor finds more gas in North Sea, plans to tap this year

Equinor has announced a commercially viable gas discovery by the Gina Krog field in the North Sea, with plans to commence production as early as the fourth quarter of 2023. The discovery, although considered small, is significant due to...

‘Did Guyana threaten any state?’ – Norton to Bajan PM

A comment from Prime Minister of Barbados, Mia Mottley, urging both Guyana and Venezuela to ensure the Caribbean region remains a zone of peace is not sitting well with Guyanese lawmakers.  Mottley told attendees at her party’s 84th Conference over...

Guyana lawmakers unanimously pass motion rejecting Venezuela referendum

In a display of unity, Guyana's National Assembly has cast a unanimous vote, reaffirming support for the government's stance on the longstanding territorial controversy with Venezuela. This rare consensus is a striking display of solidarity among political parties that...

Guyana beefing up naval fleet

The Guyana Defense Force (GDF) is enhancing its naval capabilities with the addition of a new patrol boat to protect the country's territory. The GDF’s new Metal Shark 115 Defiant patrol boat is currently en route to Guyana, following...

Longest ship ever to enter Demerara River docks at Vreed-en-Hoop shore base

The Vreed-en-Hoop Shore Base Inc. (VEHSI) is accommodating the largest cargo ship to dock in the Demerara River, the MV Virtuous Striker, marking a milestone in the development of Guyana's port and shipping facilities.  The shore base, spreading over 44...

bp starts up 50,000-bpd tieback in UK North Sea

bp said in a November 6 release that it successfully started production from the Seagull oil and gas field in the United Kingdom (UK) North Sea. It said Seagull has been developed by Neptune Energy as a subsea tieback to...

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Dominican Republic can help Guyana bridge gaps, place progress on par with developed world- Pres. Ali

Guyana's President, Dr. Irfaan Ali deemed the Dominican Republic a pivotal ally that can help his country bridge many...