Featured

Calls for Exxon’s Stabroek Block production sharing agreement to be renegotiated have not waned in some quarters. Guyanese economist Joel Bhagwandin says proponents are acting prematurely. He urges them to wait a few political cycles.  “The sanctity of an investment...

Sri Lanka has joined the list of countries looking to garner as much investment as it can from offshore oil and gas resources. President, Ranil Wickremesinghe, recently finalised new regulations to allow for companies to sign an expression of...

Eni announced a significant new gas discovery by Chevron at the Nargis-1 exploration well located in the Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well encountered approximately 200 net feet (61 metres) of Miocene...

ExxonMobil Guyana has asked Guyana’s Environmental Protection Agency (EPA) to commence an authorisation process for its sixth project offshore the South American country; the Whiptail development. The Whiptail- 1 discovery was announced in July 2021. The Whiptail-1 well encountered 246...

A new Environmental Impact Assessment (EIA) published by Guyana’s Environmental Protection Agency (EPA) has confirmed that even with ExxonMobil’s aggressive development plans, the country’s carbon sink status would remain. Basically, Guyana’s forests remove a lot more greenhouse gas (GHG) emissions...

Natural Resources Minister, Vickram Bharrat, confirmed on Friday that Guyana and India are exploring a long-term agreement on crude oil purchase as Guyana prepares to bring the Payara Project online.  A statement from the office of India’s Minister of Petroleum...

Eni and energy infrastructure company, Snam, has closed a deal for the latter to acquire 49.9% of the equity interest in companies operating gas pipelines connecting Algeria to Italy. The scope of the transaction includes the onshore gas pipelines running...

NRG Holdings Inc. has begun the installation of a quay wall structure on the artificial island in the Demerara River where the Vreed-en-Hoop Shore Base will be. A quay wall is an earth-retaining structure which is used to dock floating vessels and...

Westwood Global Energy Group estimates that all nine discoveries made by ExxonMobil in the Stabroek Block last year were high impact, each amounting to more than 100 million barrels of oil equivalent. The firm also determined that the Barreleye, Patwa,...

Norway’s Ministry of Petroleum and Energy has issued 47 new oil and gas exploration licenses on the Norwegian continental shelf to 25 companies. This move is regarded as critical to Europe’s energy security as Russia continues to hit much...