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Americas Market Intelligence (AMI) co-director and analyst Arthur Deakin believes that oil majors looking to grab up prime blocks in Guyana’s first-ever licensing round may need to include a few attractive incentives to increase their chances of being selected.  Compared...

Singapore-based Keppel Shipyard has selected GE Power Conversion to design, supply and deliver two electrical modules for Petrobras’ floating production, storage and offloading vessels (FPSO) that will operate in Brazil. The FPSO vessels, coded P-80 and P-83, will be used...

Trinidad and Tobago took a major step towards achieving its clean energy goals as work officially began on the country's first utility-scale solar project. The sod-turning ceremony at Brechin Castle marked the beginning of the construction of the 112MWac...

The Guyana government has not made a decision yet on whether or not to pursue the construction of an oil refinery in the country, according to comments made by Vice President Dr. Bharrat Jagdeo. Dr. Jagdeo stated during a media...

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...

QatarEnergy, the state-owned oil and gas company of Qatar, has signed a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project. The NFE project is the largest project in the history of...

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...

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...