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On Tuesday, June 4, 2019, Italian oil and gas industry contractor Saipem celebrated the establishment of its first country office in Guyana. The office, located in Georgetown, will serve as the headquarters for their local operations. While the company has...

With the impending Oil and Gas industry in Guyana, a matter of great concern has been local content, and how Guyanese can benefit from the industry--not just the resource but employment and getting them ready for the employment opportunities...

(Rigzone) Fitch Solutions does not expect to see Venezuela’s oil output collapse and go to zero in 2019, according to the company’s head of oil and gas analysis, Joseph Gatdula. The Fitch Solutions representative conceded that the oil sector in...

The Guyana Shore Base Inc. (GYSBI) and TOTALTEC Oilfield Services will be collaborating to recruit and train over 120 Guyanese in basic safety and oilfield operations to enable them to successfully join and participate in the South American country’s...

The deepwater reservoirs in Guyana’s Stabroek block where more than 5.5 billion barrels of oil have been found rank among the best in the world for quality and are expected to deliver high productivity. This is according to Chairman...

(S&P Global Platts) Shell pledged Tuesday to continue growing its oil and gas production over the coming decade by spending more developing its shale assets while holding output steady from deepwater and conventional upstream projects, despite escalating climate concerns...

Kosmos Energy (NYSE: KOS) (LSE: KOS) announced on Tuesday an oil discovery at Gladden Deep in the US Gulf of Mexico (GOM) where the company has a 20% working interest. Gladden Deep is a sub-sea tie back which is expected...

Staatsolie Maatschappij Suriname N.V. and Trinidad and Tobago’s Decker Petroleum Marketing Co. LTD, have signed a production sharing contract for the Nickerie block. Decker will explore the Nickerie block for oil and gas. The duration of the contract, signed on...

(Bloomberg) Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change. Chevron executives have been telling local staff that the company expects...

Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe said the sustainable development of Guyana’s hydrocarbon discoveries and the revenues it will generate have the potential to place the country on a sustainable development pathway.  According to a...