Exploration

Guyana oil production ramp-up faster than anything ever achieved – Wood Mackenzie

US oil major ExxonMobil is pulling out all stops on its Guyana development in what industry analyst Wood Mackenzie says is a ramp-up faster than anything ever achieved in the industry with potential to exceed 1 million barrels per...

Guyana halts issuance of exploration licenses for one year

As the Guyana Government’s Energy Department works to increase its capacity, update legislation and have a better understanding of the local and global petroleum sector, it has put a moratorium on the granting of new exploration licenses. This was disclosed...

Venezuela running out of fuel, PdV suspends supply

(Argus) Venezuelan state-owned PdV has nearly exhausted its motor fuel stocks, forcing up to 80pc of the country's more than 2,700 service stations nationwide to suspend sales until further notice, according to four senior officials with the federation of...

Edison Chouest opens ‘G-Boats’ office in new South American oil & gas hotspot

US marine transportation service provider Edison Chouest Offshore launched its G-Boats (Guyana) Inc. office in the South American country of Guyana on Friday. Edison Chouest entered Guyana in January 2016 with three vessels and has now increased its fleet to...

President Granger approves Eco Atlantic’s transfer of 25% interest in Orinduik Block to Total Petroleum

Eco (Atlantic) Oil & Gas Ltd said on Wednesday that Guyana’s President, David Granger, has approved the transfer of the 25% working interest in the Orinduik Block, offshore Guyana from Eco Atlantic (Guyana) Inc., a wholly owned subsidiary of the...

Guyana Orinduik Block explorers looking to add additional well in 2019

The partners in the Orinduik Block, offshore Guyana;Tullow (Operator), Total Petroleum SA, and Eco (Atlantic) Oil & Gas Ltd., are in discussions to accelerate their work programme and to consider adding an additional well in 2019. In an update released...

Guyanese O&G firm to announce major certification

A Guyanese-owned oil field services company has become the first local firm in the industry to achieve a major globally recognized certification which it will announce today in Georgetown. Guysons Oil and Gas Logistics & Services was officially launched just...

Dept. of Energy likely to take lead on local content – Dr Bynoe

Head of Guyana’s Department of Energy Dr Mark Bynoe says the Local Content Policy development which was some time ago transferred to the Ministry of Business from the Ministry of Natural Resources is likely to be handed over to...

Global oil consumption will reach 100 million barrels per day in next few decades

(Reuters) - Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago - and it shows no immediate sign of falling. Despite overwhelming...

Guyana paying close attention to technical capacity as ExxonMobil 3rd drill ship set to arrive October

ExxonMobil Guyana's third drillship - the Noble Tom Madden - is set to arrive in the South American country in October. This vessel will focus primarily on exploration of high potential areas and will commence drilling at the ‘Pluma’ prospect approximately...

Latest News

“I will not be compromised” – Pres. Ali on sanctioned businessmen 

Guyana’s President, Irfaan Ali, is adamant that he will not be compromised in wake of sanctions levelled against two...