News

Dutch floater specialist SBM Offshore signed a Memorandum of Understanding with the National Agricultural Research and Extension Institute (NAREI) in Guyana on October 26, which will see the company funding a Mangrove Restoration Project along a section of the...

By Vijaya Ramachandran, the director for energy and development at the Breakthrough Institute. This article was first published by Foreign Policy.  With natural gas prices at record highs in Europe, Norway is raking it in. The country is Europe’s second-largest...

The Guyana Oil and Gas Energy Chamber (GOGEC) has entered into a tripartite agreement with the University of Guyana and CBMEX Energy Guyana Inc. GOGEC said the objective of this Memorandum of Understanding (MoU) is to work in close collaboration...

The most recent string of discoveries made this year at Guyana’s Stabroek Block are being recognized for their significant volumes and sand quality. They’ve also played a key role in ramping up the estimated gross recoverable resources to 10...

(Bloomberg) Venezuela’s state oil company slashed its output target by one-third as years of corruption, brain drain, and inadequate investment crippled the nation’s energy infrastructure. PDVSA cut its daily production target to 1 million barrels from a 1.5-million-barrel goal announced in...

(Reuters) - Crude prices settled higher on Friday fuelled by renewed supply concerns after OPEC+ producers rebuffed a U.S. call to accelerate output increases even as demand nears pre-pandemic levels. Brent crude rose $2.20 to settle at $82.74 per barrel,...

(S&P Global Platts) Any major easing of US oil sanctions against Venezuela remains off the table, but the country's Nov. 21 elections could provide a chance for relief around the edges like a restart to crude-for-diesel swaps. Candidates backed by...

Suriname is expected to follow Guyana with rapid development of its offshore oil fields. Norway independent energy research and business intelligence company Rystad Energy sees output from the South American country hitting the half million barrels per day mark...

(Reuters) - Oil prices rose on Friday after OPEC+ producers rebuffed a U.S. call to raise supply to cool the market, sticking to plans for a gradual increase in output after cuts made in the face of the coronavirus...

Westmount Energy Limited, the UK investment company that is focused on giving international investors exposure to prime blocks in the Guyana-Suriname Basin said it remains upbeat about the highly prospective Canje block despite explorers hitting a third non-commercial discovery...