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Production and decommissioning of a well

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Production is the longest phase in the well’s life and may last for years or even decades. Over time, production declines and, eventually, will be too low to continue to operate the field. But, during a field’s productive life,...
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Guyana could establish LPG, protein plant in Region 3 as part of major development drive

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The gas-to-power project which is a major initiative being undertaken in Guyana will see a pipeline landing in Wales, on the West Bank of the Demerara River, Region Three, where the government is looking to develop a commercial zone,...
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India’s annual oil consumption falls for first time in 21 years

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(Bloomberg) India’s petroleum consumption fell for the first time in more than two decades in 2020 as the coronavirus pandemic shuttered businesses and factories, hurting demand from one of the world’s largest users of the fuel. Total petroleum demand declined...
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Guyana responds to new Venezuela decree

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President of Guyana Dr. Irfaan Ali on Saturday addressed the nation in response to a new decree issued by Venezuelan President Nicolas Maduro claiming sovereignty and exclusive sovereign rights in the waters and seabed adjacent to Guyana’s coast, west...
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Local Content Panel agreed policy should not lead to monopolies – Greenidge

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Following several rounds of consultations with industry stakeholders, Guyana’s Local Content (LC) Panel which was assembled September last by President Irfaan Ali to prepare recommendations for consideration by the Government, was in agreement that the nation’s policy should not...
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Guyana initiates meeting with Trinidad and Tobago to discuss trade barriers

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Just a month after Guyana’s President, Dr. Irfaan Ali, vowed to ensure that trade barriers between the new oil producing country and its CARICOM neighbours were removed, a virtual Joint Ministerial Trade and Agricultural Meeting with Trinidad and Tobago...
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Brazil approves 92 offshore blocks for 17th bid round, several potentially prolific like Guyana’s Stabroek

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(S&P Global Platts) Brazil's National Energy Policy Council, or CNPE, approved 92 offshore exploration and production concession blocks for sale at the country's pandemic-delayed 17th bid round set to be held in October, the National Petroleum Agency, or ANP,...
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Transnational oil companies looking to steal ‘Venezuela’s oil’ – Maduro claims in TeleSur report

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Venezuela’s President Nicolas Maduro has signed a presidential decree setting the country's maritime and territorial borders, TeleSur said in a report on Friday, noting that the move is to protect national jurisdiction rights, especially on the ‘disputed’ Essequibo territory. The Venezuela-based...
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Government welcomes start of Canje block campaign, Exxon expects to be on site for several weeks

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The Government of Guyana has welcomed the start of a new drill campaign off the country’s coast at the 4,800 sq km Canje block, which got underway on December 31. Natural Resources Minister Vickram Bharrat said exploration activity in this...
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Legal team amending Petroleum Commission bill

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The Legal Department of Guyana’s Ministry of Natural Resources is currently examining the Petroleum Commission bill to include several changes that were suggested by the new government. This disclosure was made by Attorney General and Minister of Legal Affairs, Anil...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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