Suriname is one significant step closer to its highly anticipated offshore oil development as APA Corporation reported that Krabdagu-3 appraisal well in Block 58 confirmed an extension of oil resources, some 14 kilometres from the original prospect.
APA holds a...
In response to soaring oil prices that have rallied above US$80 a barrel, the Joe Biden administration is once again postponing the replenishment of the nation's emergency oil reserve. The decision comes as the Department of Energy (DOE) is...
Guyana’s Minister of Natural Resources, Vickram Bharrat, has tabled the Petroleum Activities Bill 2023 in the country's Parliament. The Bill was initially published for consultation with stakeholders and has now been revised by the government to incorporate acceptable comments.
In...
Guyana's Stabroek Block has proven to be a game-changer in the global energy landscape, propelling the South American nation to the forefront of discovered volumes. According to a new Rystad Energy report, Guyana has surpassed all other contenders, recording...
A recent analysis by energy consultancy firm Wood Mackenzie indicates that the oil sectors of the burgeoning Guyana-Suriname basin could reap benefits from fiscal reforms introduced by Colombia's newly elected President, Gustavo Petro.
The Colombian president has launched an ambitious...
The Ghana Chamber of Commerce is gearing up to spearhead a pioneering two-day Ghana - Guyana Local Content Conference, scheduled to take place in Georgetown, Guyana, at the Marriott Hotel on Thursday, August 10.
This event, a collaboration between the...
British energy giant bp announced a significant drop in second-quarter net profit as oil and gas prices retreated from the historic highs reached a year earlier following Russia's invasion of Ukraine. The company reported that profit after tax plummeted...
The recent G20 meeting in India concluded without leaders reaching a consensus on two crucial issues: phasing out fossil fuels and fulfilling the US$100 billion per year promise to support climate adaptation and mitigation in developing countries. This failure...
Caiman Industries, Environmental (CIE) is planning to develop a 5.8 MW solar farm. The project marks what would be the first instance of a private developer embarking on a such a project in Guyana, with all other solar farms...
Chief Executive Officer Jean Paul Prates of Brazil's oil giant Petrobras stated on Sunday that the company endured a week-long onslaught of a "rampant" but "ineffective" campaign aimed at destabilising its current management.
“One of the many tricks that we...
