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Guyana ranks first for total resources discovered since 2015, Suriname takes giant leap

Guyana has emerged as the world’s most exciting new oil province since a major offshore discovery in 2015 placed the country in the spotlight. The more than 18 discoveries made since that time at the prolific Stabroek Block have...

Halliburton confirms it’s on track for close to 100% local services in Guyana by year-end

Halliburton has confirmed that by the end of this year close to 100% of its services will come from Guyana where it has been operating since 2015. The Oil field service company has been steadily expanding its activities in...

Oil near one-week high

(Reuters) Oil prices slipped on Tuesday but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. Brent crude futures were down...

Hess bumps up stake in Kaieteur Block as basin prospects remain prolific

Westmount Energy Ltd., a company that holds shares in two of the firms with stakes in the Kaieteur Block offshore Guyana, announced on Monday that Hess Corporation has increased its stake in the block from 15% to 20%. "We believe...

Basins with high-quality, low-cost discoveries will reign supreme

Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...

University of Guyana set to roll out new courses for oil industry from June

In an effort to help fill national performance gaps, the University of Guyana’s Institute for Energy Diplomacy (IED) recently announced that it will be offering a suite of Executive Level Professional Courses on Energy Markets, Oil and Gas Value...

Drilling deeper Guyana wells at Stabroek Block a key objective for Hess this year

A key drilling objective for Hess corporation in 2021 in Guyana's offshore Stabroek Block is probing deeper geologic intervals where its partnership has now made four well penetrations, the company's top executives said on April 28. Uaru-2, the most recent...

Officials in South America’s newest multi-billion-barrel oil & gas basin advancing discussions

A delegation from Guyana is currently in neighbouring Suriname to further discuss advancing areas of cooperation through the Strategic Dialogue and Cooperation Platform (SCDP). Guyana’s Ministry of Foreign Affairs said on Sunday the working visit serves to further streamline...

Halliburton collaborates with University of Guyana to launch Drilling Fluids Lab

Several hundred students in the University of Guyana’s (UG) Petroleum Chemical, Mechanical and Mining Engineering programmes will benefit from an enhanced practical experience with the commissioning of a MUD lab. The University of Guyana, in collaboration with Halliburton -...

Opening ceremony for Saipem construction facility in Guyana now set for June

Italian oilfield services company Saipem has confirmed that it will be moving forward with the opening ceremony of its Offshore Construction Facility in the new oil producing country of Guyana next month. The opening, originally scheduled for May, was...

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President Ali wants Guyana’s private sector to form supply vessel group for offshore assignments

Guyana President Irfaan Ali on Friday urged the country’s private sector to form a consortium capable of joining offshore...