News

Cataback will help determine volume of fluids in area close to Turbot/Tripletail

ExxonMobil’s most recent success offshore Guyana at the Cataback-1 well will help determine the volume of fluids and development potential in the area close to the Turbot/Tripletail discoveries. The Cataback-1 well encountered 243 feet (74 meters) of net pay in...

Combined solution for Guyana-Suriname gas might be appropriate, says TotalEnergies CEO

CEO of TotalEnergies, Patrick Pouyanne, said while a rapid development of Suriname oil resources would be desirable financially, how to "valorize" the associated gas remains a big question and with similar considerations offshore Guyana, a combined solution for commercializing...

Brent climbs to $83 as more vaccinated populations come out of lockdowns

(Reuters) - Oil prices surged again on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $1.20...

Guyana oil production, revenue stream to almost triple in 2022

With the arrival of Guyana’s second floating production storage and offloading vessel (FPSO) next month and start of oil production by early 2022, at peak 220,000 barrels of oil per day (bpd) will be added to the already producing...

NASA satellite photos show oil spill at Venezuela’s largest lake

(The Washington Post) The stench of gasoline burned through Verónica Barboza’s nose as she stood by the edge of Lake Maracaibo, one of the largest lakes in South America, on a recent afternoon. The soles of her shoes, she said,...

Islamic Bank to fund small hinterland hydropower plants in Guyana

The Government of Guyana is lining up renewable energy projects to complement its planned gas-to-energy initiative in line with its plans to diversify and clean up the country’s energy mix. One of the latest of these is a hydropower...

Stabroek, Canje and Kaieteur blocks could deliver 15 billion boe, says head of Bourbon Guyana

The massive Stabroek Block offshore Guyana along with the adjacent Canje and Kaieteur Blocks could deliver around 15 billion barrels of oil equivalent as more exploration campaigns get underway in the coming months. “Production of crude oil over the whole...

Local Content Bill to be tabled soon, institutional arm being created – Gossai Jr.

Guyana’s much-anticipated local content legislation appears is close to fruition with an announcement by Senior Petroleum Coordinator at the Ministry of Natural Resources, Bobby Gossai Jr., that a Local Content Bill will be heading to the National Assembly when...

UN Secretary General says achieving 1.5 Degree goal tied to G20 nations going beyond pledges

In order to limit global temperature to 1.5 Degrees Celsius, G20 countries, including China and the USA, must back their climate change pledges with firm action says UN Secretary General, Antonio Guterres. During the final official ministerial meeting that was...

Deepwater hotspot Suriname aiming for draft local content policy by 2022

Suriname, Guyana's neighbour to the east, is looking to draft its local content policy by early 2022. Disclosing this was the country’s Minister of Natural Resources, David Abiamofo during his keynote address at the Suriname International Petroleum and Gas...

Latest News

Ali in fiery exchange with BBC journalist about Guyana’s oil

Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Shakur, on the sidelines...