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Monthly Archives: February 2020

TT facing unprecedented economic crisis – former energy minister

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Caribbean petroleum producer Trinidad and Tobago is facing an unprecedented economic crisis fueled by a downturn in LNG and oil prices which former energy...

Apache second well offshore Suriname looking favourable

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Following a significant discovery at the Maka Central-1 well at Block 58 offshore Suriname, Apache Corp. is now gunning for oil at a second...

Marine robotics company secures contract with Exxon for Stabroek Block survey

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Ocean Infinity, a next generation subsea marine robotics company, has been awarded a contract with ExxonMobil, for high-resolution Autonomous Underwater Vehicle (AUV) geophysical and geotechnical...

The Economist: Ahead of oil riches, Guyana holds a decisive election

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At election time, it is easy to tell which ethnic group dominates each of the villages strung out along Guyana’s Atlantic coast even without...

Oil prices on track for biggest weekly fall in four years

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(Reuters) - Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in...

Guyana could become 2nd largest producer in Latin America by end of decade

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Guyana could be on course to become the second largest oil producing country in Latin America by the end of this decade, particularly if...

Guyana oil production will help counter structural declines from mature countries – WoodMac

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Mature oil and gas provinces such as the North Sea will be able to maintain output levels into the mid-2020s but new producers such...

“We need more Guyanas, a lot more, and we need them soon” – Wood...

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UK-based energy consultancy group Wood Mackenzie says the warning signs are everywhere – “the industry isn’t finding enough oil.” The analyst, in a new...

Explorers identify 22 prospects on Orinduik Block with some having over 30% chance of...

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Explorers at the 1,800 km2 Orinduik Block offshore Guyana have identified 22 prospects including 11 leads in the Upper Cretaceous horizon, the majority of which...

Oil falls for fifth day on demand concerns as coronavirus spreads

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(Reuters) - Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus...