With a target of cutting emissions by 15% by 2030, Trinidad and Tobago’s Energy Minister Stuart Young and a team of officials met with executives from three major petrochemical companies to discuss the country’s potential for carbon capture, utilisation...
The International Court of Justice (ICJ) said it will make a key ruling in the border case between Guyana and Venezuela: Arbitral Award of 3 October 1899 (Guyana v. Venezuela). The judgment is not related to the conclusion of...
Westmount Energy believes that the Tanager-1 discovery at the Kaieteur Block has potential to be a tie back for a development at Ranger, discovered in 2018 on the Stabroek Block.
ExxonMobil Guyana President Alistair Routledge had told OilNOW on...
McDermott said it has been awarded a front-end engineering design (FEED) contract from Shell Trinidad and Tobago Limited for the Manatee gas development project as part of a competitive FEED process.
Under the contract scope, the Texan company will provide...
Updated April 2, 2023
Back in 2014, geologic models indicated a potential working hydrocarbon play in the Stabroek Block. The closest known hydrocarbon accumulations were located onshore Suriname and offshore Venezuela. At the time there were no wells in the...
SBM Offshore has secured project financing of US$1.63 billion for the floating production, storage and offloading (FPSO) vessel Almirante Tamandaré, which is set to become Brazil's largest oil-producing unit.
The project financing has been provided by a consortium of...
A statutory report in Guyana’s Official Gazette indicates the country received and sold one lift of profit oil from Stabroek Block crude production in March.
The lift earned the country US$79,613,822.68 (GY$16,599,482,029).
For the new year, Guyana has received US$219,454,039.47...
Baker Hughes, Saipem and Schlumberger (now SLB) together with Equinor were among the top awardees for the Offshore Technology Conference (OTC) 2023 Spotlight on New Technology Award.
SLB, Baker Hughes and Saipem are all key contractors for ExxonMobil Guyana, operator...
The recent dismissal of a lawsuit against ExxonMobil’s Stabroek Block Production Sharing Agreement (PSA) marks a major loss for advocates pushing for changes to the contract.
Glenn Lall, the publisher of Kaieteur News, a Guyanese daily newspaper known for its...
The ‘ONE GUYANA’ floating production storage and offloading (FPSO) vessel will be, not only the highest producing floater offshore Guyana, but also the highest producing FPSO to be delivered by SBM Offshore.
ONE GUYANA is designed to produce 250,000 barrels...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
