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Petrobras is still dumping assets, despite the directive from the Lula-led administration.  The state-owned company announced the closure of the Norte de Capixaba deal with Seacrest Petroleo, an independent that was recently listed on the Euronext stock exchange.  The company appears...

Americas Market Intelligence (AMI) co-director and analyst Arthur Deakin believes that oil majors looking to grab up prime blocks in Guyana’s first-ever licensing round may need to include a few attractive incentives to increase their chances of being selected.  Compared...

Singapore-based Keppel Shipyard has selected GE Power Conversion to design, supply and deliver two electrical modules for Petrobras’ floating production, storage and offloading vessels (FPSO) that will operate in Brazil. The FPSO vessels, coded P-80 and P-83, will be used...

Trinidad and Tobago took a major step towards achieving its clean energy goals as work officially began on the country's first utility-scale solar project. The sod-turning ceremony at Brechin Castle marked the beginning of the construction of the 112MWac...

The Guyana government has not made a decision yet on whether or not to pursue the construction of an oil refinery in the country, according to comments made by Vice President Dr. Bharrat Jagdeo. Dr. Jagdeo stated during a media...

Six schools from Guyana recently participated in the first-ever Guyana-Monaco Mousetrap Car Grand Prix, an exciting competition aimed at promoting science and engineering among students, hosted by SBM Offshore Guyana. The event, which was held on April 11 at...

Oil prices shot up to US$83 per barrel as the United States (US) Energy Information Administration (EIA) revised its forecast for this year and the next.  In its Short Term Energy Outlook, the EIA expects Brent to average at US$85.01...

QatarEnergy, the state-owned oil and gas company of Qatar, has signed a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project. The NFE project is the largest project in the history of...

The Ministry of Natural Resources of Guyana continues to accept comments on the draft model Production Sharing Agreements (PSA), which will apply to the ongoing bid round. Despite the deadline for comments having passed, Vice President Dr. Bharrat Jagdeo...

The lifetime of Guyana’s first Stabroek Block development - Liza Phase 1 is set to be extended to accommodate the Gas-to-Energy (GTE) project, Vice President, Dr. Bharrat Jagdeo said.  The Liza permit is currently under review.  The GTE is set to...