News

Paula Ceres and Tanisha Selby were among a group of seven Guyanese graduate engineers who gained hands-on training by SBM Offshore on the Prosperity floating production, storage and offloading (FPSO) vessel. Now, the young women aim to inspire young girls...

Halliburton has invited Expressions of Interest (EOIs) for design and construction services for Sperry Drilling services at its Eccles, East Bank Demerara base. The oilfield services provider says Sperry Drilling delivers superior performance to reduce time to first oil, enhance...

Norway-based Vår Energi ASA has confirmed a discovery of gas in the Vår Energi operated 7122/9-1 T2 (Lupa) well in the Goliat area, Barents Sea. The company said on Friday that preliminary estimates of the size of the discovery are...

As of November 30, Guyana received US$1.17 billion from oil sales and royalties so far this year, according to reports from the Central Bank. The sale of 10 lifts in the period, representing Guyana’s share of profit oil, returned US$1.015...

Stratoil, an Egypt-based oilfield services company was among three that entered bids to evaluate the field development plan (FDP) for ExxonMobil’s fifth Stabroek Block project – Uaru. Bayphase Ltd. and De Godhyer & Mac Naughton were the other two. Bayphase had...

Brazil’s Petrobras has started production on its newest vessel – the P-71 at the Itapu field, located in the Santos Basin pre-salt area. Petrobras said that the floating production, storage and offloading (FPSO) vessel, docked 200 kilometres off the coast...

The Guyana Court of Appeal has ruled that Hess and CNOOC, the non-operating partners in the Stabroek Block, do not need separate environmental permits for the Liza Phase One project. The court on Wednesday found that the licence obtained by...

S&P Global believes bid rounds in Guyana and Suriname will attract further investments that are needed to drive the development of a competitive global oil environment. Given the trail of economic damage left by the COVID-19 pandemic and the Russia-Ukraine...

President of ExxonMobil Guyana, Alistair Routledge, believes that early capacity building investments are paying dividends as seen in the growth of local content numbers in the local oil and gas industry. The company said on Wednesday that more than...

Operator of the Kanuku block, Repsol, said it spent €560 million to acquire Asterion Energies, a Spanish company focused on renewable energy projects in Europe. The transaction, which includes contingent payments of up to €20 million, goes toward fulfilling Repsol’s plan to reach...