News

U.S Oil major ExxonMobil, operator at the 6.6 million acres Stabroek Block in Guyana, is planning to submit a development plan to authorities in the South American country for its fourth project offshore, by the end of the year. The...

Guyana Oil and Gas Support Services Inc. (GOGSSI) is the second local company to be recognized in as many days for providing fabrication services for the Prosperity Floating Production Storage and Offloading (FPSO) vessel being built by SBM Offshore...

Guyana's Ministry of Foreign Affairs on Wednesday issued a statement condemning the incursion of Venezuelan fighter jets into Guyana's airspace on March 2, 2021. Below is the full statement: PRESS STATEMENT The Ministry of Foreign Affairs of the Cooperative Republic of Guyana...

Guyanese company, Industrial Fabrications Inc. (InFab), is one of two companies that were awarded contracts from SBM Offshore in Guyana to provide fabrication services for the Prosperity Floating Production Storage and Offloading (FPSO) vessel that is being built for...

ExxonMobil Guyana is planning to put in place an enabling agreement for project shore base facilities, equipment, and services to support future projects in the new South American oil producing country. The energy company is looking to identify Contractors who...

(Reuters) - OPEC sees a generally positive oil market outlook with last year's uncertainty easing, but downside risks caused by the pandemic persist, the group's secretary general and its experts said on Tuesday. "We have come a long way from...

Suriname is forging ahead with its offshore oil and gas exploration activities and is targeting 2025 for first oil in a rapid production ramp up similar to its western neighbour Guyana where oil production began just under 5 years...

Norway-based Rystad Energy has quantified the long-term risk of the change to oil prices and to the net present value (NPV) of portfolios for some of the global oil and gas companies whose resilience have come under pressure in...

Colombia, which holds regular licensing rounds to invite investment in its upstream sector, has recently undertaken what National Hydrocarbons Agency President Jose Armando Zamora called a "full review of our contract offering for bidding rounds," building on its attractiveness...

Some are calling it the last major hydrocarbon frontier while others see it as the Holy Grail of oil and gas. The Guyana Suriname Basin (GSB) has now become a major hotspot for petroleum exploration and production and is...