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Lula takes Brazil’s reins, vowing to combat climate change, protect the Amazon

Luiz Inácio “Lula” da Silva has reassumed the Presidency of Brazil, the largest democracy and oil producer in Latin America. With this assumption, Lula delivered an impassioned speech about his plans to tackle inequality, discrimination and threats to Brazil’s...

Guyana President on visit to South America’s biggest oil producing nation

Dr. Mohamed Irfaan Ali, President of South America’s up and coming oil producing powerhouse Guyana, is on a visit to Brazil, the continents biggest oil producer. According to a statement from the Office of the President, Mr. Ali left Guyana...

Guyana Oil & Gas: What to look forward to in 2023

Every new year in the development of Guyana’s oil and gas sector has arguably been bigger than the one before it. With new project start-ups, increasing oil production, and more revenues to the country, 2023 is tipped to continue...

2022: Guyana’s biggest year for oil and gas exploration

ExxonMobil and Stabroek Block co-venturers, Hess and CNOOC, marked 2022 with a slew of new discoveries. It has been described as the best exploration year in Guyana so far, with a total of nine discoveries announced at Stabroek and...

Milestone approvals in 2022 could catapult Guyana to energy, business hotspot

The Guyana government approved two projects in 2022, that represent major milestones in the small South American nation’s mission to become a developed nation – Yellowtail and Gas-to-Energy. Both projects feature the involvement of oil major ExxonMobil and its...

Judgment on validity of Guyana’s oil fund law set for March

Come March 17, 2023, Guyana’s High Court Judge, Navindra Singh is expected to hand down his ruling in the challenge to the passage of the Natural Resource Fund (NRF) Bill. Opposition Chief Whip, Christopher Jones and Trade Unionist Norris Witter,...

Guyana ties with Saudia Arabia for highest volume of oil and gas added since 2015 – S&P Global Platts

Unprecedented. That best describes Guyana’s oil and gas industry’s ascent in just seven short years. And S&P Global Platts believes that the country has set a new paradigm for accelerated deepwater development. In its latest report, S&P outlined that Guyana...

Petrobras kick starts tender process for two new FPSOs

Brazil’s state-owned Petrobras launched a tender for the supply of two new floating, production, storage, and offloading (FPSO) vessels for its shared Atapu and Sépia reservoirs. Bids are expected in July next 2023, and Petrobras expects production to start in...

Trinidad to negotiate with Shell, BP on bids for deepwater blocks

The Ministry of Energy and Energy Industries of Trinidad and Tobago said it plans to engage in discussions and negotiations with bpTT and Shell Trinidad and Tobago with respect to their bids for four deepwater blocks. The Ministry said it...

Guyana goes after unnecessary red tape with contract for new trade single window

Guyana’s Central Housing and Planning Authority (CH&PA) has issued a GY$202.9 million (approx. US$973,000) contract to Global Services Inc. for the establishment of a new trade single window.  The electronic platform will enable CH&PA to act as the sole point...

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How subsea tiebacks support oil production in Guyana’s Stabroek Block

Subsea tiebacks are playing a key role in the development and expansion of offshore oil production in Guyana’s Stabroek...