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New oil province grappling with fallout from global disruptions

The economic impact of the war in Ukraine is being felt around the world as oil prices become more volatile with surges pushing Brent to its highest level in nine years at one point. This follows the impacts of...

Norway’s Equinor will stop trading Russian oil after this month

(S&P Global Platts) Norway's state-controlled Equinor is to stop trading or transporting Russian oil, it said late March 14, following a decision to exit its Russian joint ventures in response to the invasion of Ukraine. In a statement, Equinor said...

Eco Atlantic to acquire 100% of JHI Associates in deal valued over US$50 million

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), announced on Monday that it has signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI's 17.5% Working Interest (WI) in the Canje Block offshore Guyana. The deal...

Rapid development of oil resources will deliver benefits to Guyana now, say academics

In the context of arguments that Guyana should not develop its oil and gas resources as quickly as the government intends to, energy policy specialist Wazim Mowla asks “Why wait?” Mowla is a non-resident scholar at Florida University’s Jack D. Gordon...

Repsol in search of critical services for new well at Kanuku Block

Spanish oil firm Repsol, operator of the Kanuku Block offshore Guyana, is in search of companies to provide information regarding well testing services. In Requests For Information (FRI) posted by its local affiliate Repsol Exploración Guyana on Friday, the company...

Guyana Labour Minister encourages oil sector to utilise new job bank

Guyana’s labour Ministry launched a national job bank online on Friday to connect the unemployed with jobs across the country. Subject minister, Joseph Hamilton, said during the launch ceremony that the government wants companies in the oil and gas sector to...

Women in O&G: Latoya Jack shares her journey to success in Guyana’s newest industry

By A. Bacchus Women’s History Month is observed in March, and it celebrates the contributions of women to events in history and society, I recently learned. International Women’s Day was also recently celebrated under the theme ‘Break the bias’, and...

Why oil “does spoil” – Guyana’s role in global energy security

By Arthur Deakin – OilNOW AMI analysis shows that over 50% of the oil produced in the world takes place within authoritarian regimes. Russia and Saudi Arabia alone account for over 20% of global oil production. They are joined by...

Policy experts say oil revenues can help shape Guyana’s climate path

Two policy experts believe that there should no longer be much of a question of whether Guyana should develop its oil resources to fuel its sustainable development. Wazim Mowla, who focuses on Caribbean studies and foreign policy, said it...

Stabroek Block partners fund $120M hinterland poultry project, in bid to reduce livestock import bill

In their first regional socioeconomic project under the Greater Guyana Initiative (GGI), the Stabroek Block co-venturers have targeted the livestock industry in the Rupununi area with a US$120 million (US$608,000) grant. The ‘EggSandwich Project’ seeks to reduce the livestock import...

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Zero routine flaring systems standard on Guyana’s FPSOs, cutting emissions through gas reinjection

Systems to prevent routine flaring are standard across major offshore developments in Guyana. Integrated systems on floating production, storage,...