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Noble Corporation announced Thursday that the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement (CEA) with ExxonMobil for work offshore Guyana.  The Noble Tom Madden was previously contracted until Mid-February 2024 and the additional...

Prime Minister of the South American country of Guyana Brigadier (ret’d) Mark Phillips says the Government is targeting a 50 percent reduction in the cost of energy in five years as it remains committed to providing stable and reliable...

Lawyers representing Guyana’s former Minister of Natural Resources and the Environment, Robert Persaud, have issued a letter to former Presidential Advisor on Petroleum, Dr. Jan Mangal, requesting that he immediately retracts ‘false and defamatory’ statements on the award of...

Wells that once tapped the world’s largest crude reserves are abandoned or left to flare toxic gases that cast an orange glow over depressed oil towns in Venezuela, the New York Times said in a recent report. Refineries that once...

Improving the ease of doing business in the new oil producing country of Guyana is on the radar of the new government as it looks to expand investments in oil and gas as well as other sectors of the...

The world’s largest owner of deep-water oil rigs, Transocean, could soon be forced to file for bankruptcy after measures it took to stave off this very possibility, seem to be backfiring.   While on contract with ExxonMobil, Transocean drill ship,...

New oil producer Guyana has started to receive revenue from the sale of its offshore oil resources and government officials say these sums, which are set to increase exponentially in the coming years, will play a vital role in...

US oil major ExxonMobil said it remains committed to working with local companies in Guyana to help build their capacity so that they can better serve the growing needs of the country’s emerging oil and gas industry. The company began...

Hess Corporation announced Monday that it has entered into an agreement to sell its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP Billiton, the field’s operator, for a total consideration of $505...

The Guyana government is looking to ensure that benefits from development of the country's multi-billion-barrel oil resources are passed on to persons operating in every sector of the economy and not just those directly servicing the industry. “It’s not only...