Trinidad and Tobago has about 10 years of gas production left based on less than 12 trillion cubic feet (tcf) of natural gas reserves, Minister of Energy and Energy Industries, Stuart Young said during a May 29 live press...
ConocoPhillips said it entered into a definitive agreement to acquire Marathon Oil Corporation in an all-stock transaction with an enterprise value of US$22.5 billion, inclusive of US$5.4 billion of net debt.
Under the terms of the agreement, Marathon Oil shareholders...
Seatrium Limited, a global provider of engineering solutions to the offshore, marine, and energy industries, reported a net book order of S$25.8 billion (approximately US$19.1 billion) for the first quarter of 2024.
This order includes 31 projects scheduled for delivery...
Dr. Natasha Gaskin-Peters, Director of the Centre for Local Business Development (CLDB), has called on Guyana to leverage its women population to address a looming skilled labor shortage. She appeared on a May 9 episode of the Energy Perspectives...
Guyana’s Local Content Secretariat is contemplating boosting the competitive advantage already afforded to Guyanese companies in oil sector procurement.
According to Director, Dr. Martin Pertab, the Secretariat plans to do this through procurement and bid evaluation guidelines issued to companies...
Trinidad’s Shallow Water Competitive Bidding Round 2023/2024 closed around noon on May 27 with only four out of 13 blocks receiving bids.
The 13 blocks collectively hold an estimated unrisked resource of approximately 13.4 trillion cubic feet of gas.
Trinidad’s Energy...
Hess Corporation’s shareholders have approved the company’s merger with Chevron Corporation, according to Hess.
At the May 28 special meeting of Hess stockholders, a majority of the outstanding shares of Hess common stock voted in favor of the adoption of...
An employee of Saipem was “seriously injured” in a May 25 accident at the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, Guyana’s Ministry of Labour said in a May 27 release.
Collis Hall, an operator, was using a 400-tonne Manitowoc Walk...
S&P Global analysts have placed Guyana at the top of a list of 10 Atlantic Margin basins, in its assessment of which countries offer a conducive investment environment for long-term upstream projects.
The firm noted that recent discoveries by international...
Guyana and Suriname have had substantial natural gas reserves discovered in the basin, altogether estimated at a whopping 29.5 trillion cubic feet. According to ExxonMobil, the operator of the Stabroek Block offshore Guyana, of the 11 billion oil-equivalent barrels...
