News

Guyana is set to auction off portions of its offshore oil basin – dubbed the world’s hottest offshore play, before the end of 2022. A map of the Guyana Basin (dated August 17) shows that almost a third of the...

Palliser Capital, a 5% stakeholder in Capricorn Energy, sees the proposed merger with Tullow Oil as a poorly disguised attempt by the latter to take over Capricorn, and urged the board to consider alternatives. But Chief Executive Officer of Tullow...

The small South American country of Guyana, unknown to the world of oil and gas just seven years ago, is now one of the most active regions globally even as companies opt for less risk which is seeing a...

Guyana’s National Procurement and Tender Administration Board (NPTAB) received two bids for the supply of 30,000 solar photo voltaic home energy systems, supporting the country’s hinterland energy plan. Rajasthan Electronics & Instrument Ltd.’s entered a bid for US$8,387,462. Premier Energy Ltd....

Maersk Supply Service is offering its customers the option to reduce carbon emissions from offshore operations with a new fuel mix. The product – ECO Offshore – successfully trialled a blend of low-carbon biofuel with marine gas oil aboard the anchor handler Maersk Tender, in partnership with Dutch...

As the Guyana government and the Stabroek Block co-venturers move forward to develop the Gas-to-Energy project, costs could exceed US$2 billion. This is based on the sum of cost estimates for the onshore plants and the pipeline. ExxonMobil estimates...

All eyes will be on Guyana come September when the country opens its first offshore bid round. This will be a major step for Guyana, a country that has never handed out oil licenses through a competitive process. Oil and...

Petrogas E&P Netherlands B.V. has secured Maersk Drilling’s harsh environment jack-up rig ‘Resolute’ for an additional five-well drilling work scope, amending a previous agreement. An option included in the original contract will be replaced by the newly entered five-well contract,...

A potential restructure of Trinidad and Tobago’s Atlantic LNG dawns as a team of top government officials led by the Prime Minister Keith Rowley recently engaged with Shell Global at its Hague headquarters to discuss future developmental plans for...

With two projects producing, two more approved and a fifth being planned, Guyana’s rapid development of its oil and gas resources is positioning the country as a major non-OPEC player among heavyweights such as Norway, Brazil and Canada. OPEC said...