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...
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...
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...
Argos, bp’s fifth platform in the deepwater Gulf of Mexico (GoM) achieved startup, the company announced Thursday, to deliver more energy and strengthen its position as a leading producer there.
It is the first new bp-operated production facility in the...
Guyana's Vice President Dr. Bharrat Jagdeo said the review of Exxon’s proposed Uaru project has been “practically” completed, and that final approval is expected in a maximum of 2-3 weeks.
Presently, the Ministry of Natural Resources is conducting its final...
Guyana extended its bid round beyond the original May deadline, because government needed more time to consult on a revision of its oil laws.
Vice President Dr. Bharrat Jagdeo revealed this Thursday during a media conference, a day after the...
A two-week period of consultation was recently concluded on the indicative terms and guidelines of Guyana’s first ever offshore licensing round, and the draft model petroleum agreements. The government plans to release the updated models this month.
The deadline for...
By Arthur Deakin - OilNOW
Within months, Guyana is expected to have auctioned 14 different oil blocks surrounding the biggest offshore oil discovery in the last decade. The government has announced that there could be 25 billion barrels of...
Guyana’s value to ExxonMobil will be felt for decades to come, according to an Analyst at Seeking Alpha, a crowd-sourced content service provider that publishes news on financial markets.
In his latest piece on April 12, the analyst examined Exxon’s...
Aiming to boost Brazil’s natural gas supply, the state-owned Petrobras issued tenders for two production platforms for its Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the country’s coast.
Besides expanding Brazil’s availability of natural gas,...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
