With almost 70% of its building structures completed, the new heliport at Lusignan, East Coast Demerara, is expected to significantly reduce the flight time for operators heading offshore Guyana.
The brainchild of Orinduik Development Inc., the facility is expected to be fully...
Brazil’s state-owned Petrobras has kickstarted the non-binding phase in its bid to sell three of its refineries and associated logistical assets.
Petrobras announced on Monday that it began notifying potential buyers that they have been approved to participate and submit...
Oil production offshore Guyana exceeded 386,000 barrels a day (bpd) in July, marking the highest production recorded in a day since first oil.
This data is publicly available via the Petroleum Management Program, an online portal available since early 2021 that makes...
APA Corporation on Tuesday announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58.
Block 53
Baja-1 was drilled to a depth of 5,290 meters (17,356 feet)...
Guyana’s Ministry of Natural Resources pointed out on Monday that oil production data can be easily accessed by the public via the Ministry’s Petroleum Management Programme website: https://petroleum.gov.gy/data-visualization. This follows reports in the media about the data not being...
Saipem and Oil Spill Response Ltd. announced Monday that they have extended an existing partnership to include utilisation of Saipem’s FlatFish underwater drone robotic technology.
The drone will be used for environmental monitoring and inspection of asset integrity.
The existing contract between Saipem...
CGX Energy Inc. said Monday that the TSX Venture Exchange (TSXV) gave conditional approval for the agreement it made to farm out a majority stake in the Corentyne Block to Frontera Energy Corp.
The agreement remains subject to certain confirmations from the...
CGX Energy Inc. said the maturation date for a US$19 million convertible loan it took for Guyana projects has been moved.
The loan outstanding to Frontera Energy Corp., was previously announced on April 16, 2021 and May 28, 2021. With original...
TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus.
This discovery follows the Calypso-1 discovery made on the same Block in 2018.
Located at approximately 160 km southwest of the Cyprus...
President of ExxonMobil Guyana, Alistair Routledge, said in a recent interview that there are over 900 highly trained people in total, stationed on the Stena Carron, Stena DrillMax, Noble Bob Douglas, Noble Tom Madden, Noble Don Taylor and Noble...
