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Bahamas flag carrier Sonangol Namibe which is carrying Guyana’s second million-barrel oil cargo is headed for the island of Aruba in the southern Caribbean Sea. The oil tanker departed Guyana waters on Thursday May 21, after loading its cargo from the Liza...

The oil price crash has hit the upstream sector hard with deep cuts being made across the board and will have a dramatic impact on the industry’s project pipeline with almost all pre-Final Investment Decision projects being deferred says...

Reinjection of gas has commenced at the Liza Phase 1 development after a period of flaring that lasted longer than anticipated due to challenges encountered with a gas compressor for the Liza Destiny FPSO. Head of the Environmental Protection Agency...

China’s oil demand has continued a sharp rising trend since passing the nadir in February. After dropping in February by over 40 percent compared with a year earlier, the country’s oil demand for April reached 89% of the April...

The Extractive Industries Transparency Initiative (EITI) is encouraging Guyana to disclose sales agreements related to the country’s share of oil production. In an article published on May 21 focusing on the next steps for Guyana as it relates to contract transparency,...

In offering an exploration opportunity in a block, the motivation of the government largely is to encourage investment in the form of exploration activities, such as shooting seismic and exploration drilling. The prime objective of the oil company is...

Iranian-flagged oil tanker, Fortune, has reached Venezuelan jurisdictional waters carrying approximately 45.5 million gallons of gasoline and related products. The vessel is part of a fleet of five oil tankers shipping petrol to the South American country in defiance...

Trinidad and Tobago is adamant that it will not facilitate the passage of a fleet of Iranian oil tankers heading to Venezuela loaded with petrol. Minister of National Security, Stuart Young, is quoted in Newsday as saying that the twin...

Tensions continue to mount as a five-tanker Iranian fleet sails to Venezuela loaded with an estimated 60 million gallons of gasoline in defiance of US sanctions. Analysts say the oil was bought with Venezuelan gold, an allegation which Iran denies. The...

The growing activity offshore the South American country of Guyana is likely to hit peak in the latter part of this decade and will require large shorebase support services which is something the new oil producing nation will have...