News

Deeper potential for hydrocarbons in multiple zones offshore Guyana at the giant Stabroek Block will continue to come under the drilling bit this year and into 2022 as the search for more oil intensifies in the South American country....

Several local companies which have acquired the necessary capabilities through training and obtained the relevant health and safety certifications are still facing a proverbial brick wall when trying to access oil sector contracts. The hurdle that now stands in...

(Reuters) - Oil fell to around $78 a barrel on Friday on the prospect that OPEC+ producers might step up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high reached...

Oil major ExxonMobil has so far sanctioned development of about 560,000 bpd of oil production capacity off the coast of Guyana. The commissioned capacity is expected to grow to more than 900,000 bpd in the next five years then...

Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is causing many oil-producing countries to lose up to $82 billion a year, priced at record spot prices in Europe in August 2021, according to...

CNOOC Limited, a 25% stakeholder in Guyana’s Stabroek Block, announced on Thursday that it has made a large-sized oil discovery at the Kenli 10-2 oilfield located in Laizhou Bay Sag in Southern Bohai Bay at an average water depth...

The Extractive Industries Transparency Initiative (EITI) has observed a growing global commitment towards beneficial ownership transparency. The international watchdog said earlier this month that over 110 countries have now committed to the publication of beneficial ownership information for companies across...

APA Corporation announced on Wednesday the results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest. Keskesi South-1, drilled...

Guyana’s Ministry of Natural Resources said on Wednesday it welcomes the International Energy Conference and Expo and is pleased to be associated with the event slated for February 15 -18, 2022, at the Arthur Chung Conference Centre, on the...

Environmental data have been collected offshore Guyana and studied since 2014 and reports have been compiled describing the physical, chemical, and biological properties of sediment and the water column to document baseline conditions, particularly in the Stabroek Block. These...