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Energy agreement with Guyana to open pathway for TT companies – Rowley

Trinidad and Tobago (TT) Prime Minister, Dr. Keith Rowley told an audience in Marabella on Tuesday evening that an agreement soon to be signed between the twin-island republic and Guyana will open the pathway for TT companies to benefit...

Guyana’s oil fortune rapidly increasing

‘Unprecedented’ is the one word that sums up the remarkable string of oil discoveries which US supermajor ExxonMobil has been making off the Guyana coast since 2015. The company’s success rate for finding crude in an area five and...

Transocean leads in industry consolidation

Transocean has become the market leader for consolidation in the offshore drilling industry with the announcement of its acquisition of Ocean Rig, according to Rystad Energy Senior Offshore Rig Analyst Liz Tysall. This acquisition adds nine high-spec ultra-deepwater drill-ships,...

Argentina closes energy ministry, institutes new taxes

As part of broad austerity measures to address a severe monetary crisis, gas-rich Argentina is dismantling its energy ministry and levying duties on all its exports. Following an announcement from President Mauricio Macri that the country will seek a faster...

Anadarko halts GoM operations ahead of ‘Gordon’

US oil company Anadarko said on Monday that it has evacuated workers and shut down production on two oil platforms in the northern Gulf of Mexico following hurricane warnings, as tropical storm ‘Gordon’ approaches. The company, which has an exploration...

World-class Liza field accounts for 15% of all crude found globally since 2015

UK-based industry analyst Wood Mackenzie says Guyana has been one of the most dominant players in the oil and gas industry since 2015 with a record number of discoveries being made, most notable of which are those in the...

Noble Tom Madden set for Pluma drill campaign as ExxonMobil ramps up oil search in Guyana

Fresh off of its 9th discovery offshore Guyana, US oil major ExxonMobil already has a new target in its cross-hairs and will aim to begin drilling operations  around October this year. The company says potential for additional production from significant...

PM Rowley to OWTC – ‘Buy the refinery’

In wake of the ongoing storm over the future of Trinidad and Tobago’s Petrotrin, Prime Minister Dr Keith Rowley has announced that the Oilfields Workers Trade Union (OWTU) will be given the first option to buy the beleaguered Pointe-a-Pierre...

Guyana can become richest corner of the continent

(Rigzone) Following Exxon Mobil Corp.’s latest Hammerhead-1 discovery, the company’s ninth discovery offshore Guyana, it’s believed the country will create the greatest value of any offshore basin since the downturn, according to Maria Cortez, Wood Mackenzie’s Latin American upstream senior...

Guyana oil industry should not be Trinidad’s ‘next meal’ – Persaud

Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has shot down a suggestion made over the weekend by Trinidad and Tobago’s Opposition Leader Kamla Persad-Bissessar, saying ‘Guyana is not here to bailout’ the twin-island republic. He...

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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...