Noble Corporation's Chief Financial Officer Richard Barker discussed the significant influence of its long-term commitments in Guyana and Norway on the company’s backlog profile during their Q3 earnings call this week. Noble’s total backlog stands at US$4.7 billion, a...
The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in Guyana and Suriname. With global energy shifting towards lower-carbon fuels like natural gas, which is...
Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has formally commenced the Rio Claro license, it said on November 5.
The six-year license includes a financial obligation of US$2.4 million, which covers the execution of five geological...
El Dorado Offshore, in collaboration with Noble Corporation and MATPAL Marine Institute, announced on November 4, the opening of applications for the Noble Marine Cadet Program, an initiative aimed at empowering young Guyanese for careers in the country’s energy...
Energy data analytics provider Wood Mackenzie said Guyana and Suriname can supply up to 12 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) by the next decade.
This output would account for approximately 11% of the anticipated...
Touchstone Exploration Inc. has achieved initial production from its Cascadura C onshore well pad during the testing phase.
In a November 4 release, Touchstone said it safely commissioned the flowline connecting the Cascadura C surface location to the Cascadura natural...
Guyanese regulators have approved MODEC’s Local Content Master Plan 2024-2028.
The plan outlines MODEC's push to integrate Guyanese companies and nationals into its operations for a five-year period. Procurement opportunities for Guyanese companies are already being unveiled, with about 32 announced...
Norway-based subsea service provider, Argeo, has entered into an eight-year agreement for acquisition, processing and sales of multi-client data in Suriname with state oil firm, Staatsolie.
The execution of the agreement will be performed in several phases over the contract...
Guyana is expected to compete with some of the world's largest crude oil suppliers, including from the Organization of Petroleum Exporting Countries (OPEC), for more market share next year as they all move to boost output. Benjamin Tang, head of...
Like the economy’s developmental trajectory, the Real Estate sector in Guyana has outpaced expectations since the discovery of oil & gas resources in 2015. This momentous find led to a rise in Real Estate prices due to the influx...
