News

An Environmental Impact Assessment (EIA) submitted by ExxonMobil for its latest proposed project in Guyana shows that the country's regulations for flaring at the start-up phase of oil production are stricter than those of the United States.  ExxonMobil’s Whiptail Project,...

Guyana’s Vice President, Dr. Bharrat Jagdeo recently highlighted the complexities and challenges surrounding oil block auctions, cautioning that the industry is not a guaranteed 'gold mine' as perceived by some critics. At a press engagement last week, the official...

TGS, a provider of energy data and intelligence, recently announced that it can now provide access to derivative standardised well data from 300 wells in Trinidad and Tobago’s onshore and offshore basins.  TGS said its well packages are interpretation-ready and...

The International Monetary Fund (IMF) has praised Guyanese authorities for their disciplined use of the nation's oil revenues to not only improve the business climate but also address labour woes. "The authorities’ commitment to fiscal discipline is welcome and...

Shell would have brought some much-needed competition to the Guyana basin by throwing in a bid in the country’s first licensing round. But when the bids were opened on Sept. 12, the major’s name was noticeably absent, leaving one...

Petrobras has inked an agreement with Porto do Açu, located in São João da Barra, Rio de Janeiro (RJ), to facilitate the sustainable decommissioning of oil and gas platforms. The new partnership aims to ensure environmentally responsible platform decommissioning.  The...

In a recent interview with the BBC's Gideon Long, Guyana’s President Dr. Mohamed Irfaan Ali reaffirmed his government's position of upholding the Stabroek Block Production Sharing Agreement even as calls persist for the renegotiation of the 2016 deal with...

In Guyana's inaugural offshore licensing round, Sispro Inc. stands out as the only Guyanese company among the bidders. Located in South Cummingsburg, Georgetown, this indigenous start-up is a stand-out. So, who are the locals behind it? Founded by four women...

Tullow Oil has released its half-year results for 2023, revealing revenue amounting to US$777 million, a gross profit of US$351 million, and a profit after tax of US$70 million. The company said the highlight of the period was its successful...

Shell has officially commenced the process of seeking environmental clearance for the highly anticipated Manatee project in Trinidad & Tobago.  The application for a certificate of environmental clearance (CEC) has been submitted to Trinidad & Tobago's Environmental Management Authority (EMA),...