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Guyana offshore remains highly competitive – a major plus in current market conditions

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The oil being produced offshore Guyana is a low sulphur high-quality blend which together with lower breakeven costs, will continue to benefit from investor interest and high demand, given the shift from heavier fuels due to environmental regulations and...
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Staatsolie opens new bid round for 8 blocks offshore Suriname

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Eight blocks covering an area of over 13,524 km2 of underexplored but highly prospective acreage in the western part of the Suriname offshore basin went on offer on Monday by Staatsolie Maatschappij Suriname N.V. According to bid documents seen by...
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Brent oil futures jump above $44 on vaccine news

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(Reuters) - Oil prices jumped more than 4% on Monday, recouping the previous session's losses after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brent crude futures for January were up $1.79, or 4.2%, to $44.57...
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World’s largest O&G conference pushed back to H2 2021

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The organisers of the Offshore Technology Conference (OTC), the world’s largest oil and gas conference and exhibition, has chosen to postpone the 2021 event to August 16–19. OTC said Monday this is due to the ongoing challenges presented by...
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Mega 220,000 bpd Liza Unity FPSO begins integration phase in Singapore

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Dutch floater specialist SBM Offshore said Monday the Fast4Ward® Multi-Purpose Floater (MPF) hull for the Liza Unity FPSO has moved to the integration quayside in Keppel TUAS, where the topsides integration phase started with the progressive lifting of the...
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Halliburton builds one of the largest mud plants in the hemisphere, expands local workforce in Guyana

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US oil field service company Halliburton has been steadily expanding its activities in Guyana since setting up operations in 2015 which has seen the establishment of state-of-the-art facilities, including one of the largest mud plants in the hemisphere, and...
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U.S wants to remain Guyana’s trading partner of choice

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The United States is looking to remain the top trading partner of new oil producer Guyana where investment opportunities have been steadily increasing since 2015 when US oil major ExxonMobil made its first world class oil discovery off the...
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Guyana to re-engage Norway on another programme for climate change funding – Jagdeo

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In 2009, Guyana and Norway signed a ground-breaking agreement which led to the creation of the world’s second largest national-level Reducing Emissions from Deforestation and Forest Degradation (REDD+) scheme. The partnership is one that led to Guyana collecting over...
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Guyana Oil GDP increased by 45.9% in first half of 2020 – Marla Dukharan

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The International Monetary Fund has cut its growth projection in half for new oil producer Guyana to 26% for 2020 - still the fastest in the world - and forecasts 8% growth in 2021 and 29% in 2022. Caribbean Economist,...
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WeLead ‘DisruptHER’ set for December 8

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WeLead Caribbean announced on Saturday that it will be staging its fourth annual Women's Empowerment Conference under the theme “DisruptHER.” The conference will be held virtually on December 8, 2020 and will focus on Changing the Element of Women’s...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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