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Reports indicate that on Monday, armed robbers boarded the tanker San Ramón at an anchorage off Isla Borracha, Venezuela, and killed the vessel's master in an altercation. According to a report in The Maritime Executive, the victim has been identified by Venezuelan...

(Bloomberg) -- Oil deepened a three-day rout as panic over a coronavirus outbreak in the U.S. gripped investors and sent shockwaves through commodity, equity and debt markets. Futures fell 3% in New York to the lowest level in more than two weeks....

The first one million barrels of profit oil allotted to Guyana was sold directly to Shell Western Supply and Trading Limited and as such did not attract a ‘lifting fee’. Responding to queries from OilNOW on the cost associated with...

(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them discover then recover massive amounts of crude oil locked beneath the floor of the Atlantic...

The revenue Guyana receives from development of its multi-billion barrel oil resources offshore will be ultimately determined by price stability in the oil market which an expert in the industry says is largely dependent on there being a swing...

With reference to the confirmed cases of CoronaVirus (Covid-19) to date on Italian territory and in particular in Lombardy, Saipem said today “it has immediately activated itself to guarantee maximum health and safety for its employees, customers and suppliers,...

The unprecedented oil discoveries to date and multiple exploration targets that remain on Guyana’s prolific Stabroek Block are driving up the need for more drillships and this is playing a key role in the improvement of contract coverage for...

A 100 percent Guyanese-owned manpower services company has acquired Maritime Labor Convention (MLC) 2006 certification even as it moves to provide human resources not only to the offshore oil and gas operations in Guyana, but also to countries in...

Since 2015, Guyana has gone from having no known oil resource to a massive 8 billion plus barrels of oil equivalent with 16 discoveries at the giant Stabroek Block, 2 at the adjacent Orinduik Block and 1 at Kanuku. All...

Energy is a vital part of every aspect of modern life in Guyana and for our continued economic prosperity. There is at present no universally accepted definition of security of supply and how this should be measured. Factors such...