Monday, February 6, 2023

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GOGA, Marak set to stage 1st local content conference in Guyana

Following the massive oil discoveries offshore Guyana, the Guyana Oil and Gas Association (GOGA) says the country has an opportunity to achieve a new path of sustainable economic growth and development; through applicable Local Content Policies and Strategies that...

Tullow Oil plans to drill first Guyana well in third quarter of 2019

(Reuters) - Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik license bordering discoveries by Exxon, a spokesman said on Wednesday. Exxon and U.S. partner...

Business group sounds warning over agreement to be signed between Guyana and Trinidad

A sound warning was issued on Wednesday afternoon by the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana over a reported decision by the country’s government to enter into an agreement with Trinidad and Tobago. Speaking at an emergency...

Energy agreement with Guyana to open pathway for TT companies – Rowley

Trinidad and Tobago (TT) Prime Minister, Dr. Keith Rowley told an audience in Marabella on Tuesday evening that an agreement soon to be signed between the twin-island republic and Guyana will open the pathway for TT companies to benefit...

Guyana’s oil fortune rapidly increasing

‘Unprecedented’ is the one word that sums up the remarkable string of oil discoveries which US supermajor ExxonMobil has been making off the Guyana coast since 2015. The company’s success rate for finding crude in an area five and...

Transocean leads in industry consolidation

Transocean has become the market leader for consolidation in the offshore drilling industry with the announcement of its acquisition of Ocean Rig, according to Rystad Energy Senior Offshore Rig Analyst Liz Tysall. This acquisition adds nine high-spec ultra-deepwater drill-ships,...

Argentina closes energy ministry, institutes new taxes

As part of broad austerity measures to address a severe monetary crisis, gas-rich Argentina is dismantling its energy ministry and levying duties on all its exports. Following an announcement from President Mauricio Macri that the country will seek a faster...

Anadarko halts GoM operations ahead of ‘Gordon’

US oil company Anadarko said on Monday that it has evacuated workers and shut down production on two oil platforms in the northern Gulf of Mexico following hurricane warnings, as tropical storm ‘Gordon’ approaches. The company, which has an exploration...

World-class Liza field accounts for 15% of all crude found globally since 2015

UK-based industry analyst Wood Mackenzie says Guyana has been one of the most dominant players in the oil and gas industry since 2015 with a record number of discoveries being made, most notable of which are those in the...

Noble Tom Madden set for Pluma drill campaign as ExxonMobil ramps up oil search in Guyana

Fresh off of its 9th discovery offshore Guyana, US oil major ExxonMobil already has a new target in its cross-hairs and will aim to begin drilling operations  around October this year. The company says potential for additional production from significant...

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Exxon cops OTC award for Liza developments offshore Guyana

The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso...