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The first draft of Guyana’s new model Production Sharing Agreement (PSA) is expected to be finalised in the coming week, said Minister of Natural Resources, Vickram Bharrat. The government had touted a February date for its release but that is...

Saipem is in search of accommodation services in Guyana, on the West Bank of Demerara. The company is looking to place its personnel in apartments. The apartments should be in the vicinity of the Vreed-en-hoop Shore Base (VEHSI) currently under...

Ten blocks and two clusters of discovered resource opportunities (DRO) are up for grabs as Malaysia joins the list of countries looking to maximise offshore oil development. The Malaysia Bid Round 2023 (MRB 2023) is themed “Winning the Energy with...

Guyana is intent on having its own refining capacity, said Minister of Natural Resources, Vickram Bharrat. He pointed out that this makes more “economic sense”, instead of using facilities in neighbouring Trinidad and Tobago. Prime Minister, Keith Rowley had offered...

Guyana’s Environmental Protection Agency (EPA) has teamed up with Maxar Technologies for the provision of environmental monitoring services for both offshore and terrestrial applications. Executive Director, Kemraj Parsram said it falls under the Agency’s updated mandate to modernise its operations...

Guyana will owe ExxonMobil and its co-venturers US$1 billion for the cost of the pipeline and associated infrastructure that it has been charged with developing for the Gas-to-Energy project. And according to Vice President Dr. Bharrat Jagdeo, this project...

The reliability of the floating production, storage and offloading vessels (FPSOs) in the ExxonMobil-operated Stabroek Block, remains unmatched. So said its Upstream President Liam Mallon during an interview with OilNOW. “…these facilities are running as reliable or more reliable than...

Brazil’s state-owned Petrobras has entered a deal with Alcatel Submarine Networks and Maersk consortium to build and install a permanent seismic monitoring system (PSMS) in the offshore Mero Field, Santos Basin. “The Mero PSMS project has unprecedented features in Brazil...

Are you ready? That was the question Chief Executive Officer (CEO) of Guyana Invest, Dr. Peter Ramsaroop asked investors on the third day of the International Energy Conference and Expo 2023, held last week in Georgetown, Guyana. “Guyana is going through...

Guyana Minister of Natural Resources, Vickram Bharrat, said that small developing countries with good environmental credentials deserve to be the last producers of their oil resources, even beyond 2050. Mr. Bharrat made these comments during a panel at the International...