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Hess, Guyana honoured for pioneering sustainable energy solutions at AIEN Awards

Hess Corporation, together with the Government of Guyana, earned the annual Energy Transition Initiative Award from the Association of International Energy Negotiators (AIEN) for leadership in creating a sustainable energy future. The award presentation described a landmark Carbon Credits Purchase...

SBM Offshore eyes US$37M in contracts, over 700 training hours for Guyanese 

SBM Offshore Guyana’s recent Vendor Day activity saw a commitment of over 700 hours of training and US$37 million in contracts for local suppliers.  The company met with 70 representatives of local businesses at the event, which is an integral...

Full gas potential of Stabroek Block will be tested over next four years

ExxonMobil Guyana is expected to test the gas potential of the Stabroek Block with the aim of having such resources potentially underpin an independent project.  During a recent energy conference, Chief Executive Officer of Hess Corporation, John Hess said the...

Ntokon Niger Delta find potentially biggest in a decade – WoodMac

In a significant development for Nigeria's oil industry, TotalEnergies, in collaboration with NNPC Limited, has made a momentous shallow water discovery at Ntokon in the Niger Delta. Gail Anderson, director of upstream research at Wood Mackenzie, hailed it as...

Hess Chief says Guyana President assured him of strong appeal in financial assurance case

Chief Executive Officer of Hess Corporation, John Hess, said Friday that he was assured by Guyana President Dr. Mohamed Irfaan Ali of the strength of Guyana’s case in the appeal of an upset High Court judgment on financial assurance...

GO-NDE becomes second IRATA-certified Guyanese company

GO-NDE Inc., a joint venture partnership between Guyana Oil and Gas Support Services Inc. and Non Destructive Testers Guyana Inc., announced that it has successfully completed its International Rope Access Trade Association (IRATA) audit and has been granted probationary...

Woodside announces FID for US$7.2 billion Trion project offshore Mexico

Australian energy company, Woodside, has decided to develop the Trion resource in Mexico.  The Trion resource development is subject to joint venture approval and regulatory clearance of the field development plan (FDP), anticipated to be completed in the fourth quarter...

“How can government’s legal advisor be excluded from proceeding where state benefits” – AG

Guyana’s Appellate Court will soon decide whether Attorney General (AG) Anil Nandlall will be allowed the join legal proceedings concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of an oil spill.  The parties appeared...

New law will prohibit Guyana gov’t officials, family members from owning petroleum license

The new draft Petroleum Activities Bill released this week by Guyana’s Ministry of Natural Resources contains stringent measures which seek to block government officials and their family members from owning a petroleum license. Under ‘Prohibition against holding a licence’ the...

Pipeline installation underway for Guyana’s Gas-to-Energy project

Pipelaying activities are ongoing near the West Bank of Guyana’s Demerara River to facilitate the Gas-to-Energy project.  A notice from Guyana’s Maritime Administration (MARAD) noted that the DB Rewa vessel has joined operations and is scheduled to conclude activities on...

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What happens to the parts of Guyana’s offshore blocks that contractors give back?

When ExxonMobil drilled the Liza-1 well in 2015, it confirmed the first major offshore oil discovery in Guyana —...