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Guyana’s Environmental Protection Agency (EPA) says it will be moving to the court soon as a result of ExxonMobil’s decision not to pay the fine imposed over hydraulic fluid spills that occurred earlier this year at the offshore Stabroek...

Oil projects off the coast of South America have lower breakeven prices and competitive payback times in comparison to similar projects in other parts of the world, which makes them more resilient in the current turbulent times, Norway-based Rystad...

UK-based ship management company, V.Ships, has supported SBM Offshore with a complex crew change for the Liza Destiny FPSO, relieving the last batch of 8 crew members. The Onsigners had arrived 2 weeks earlier, completed their quarantine ashore at Georgetown,...

(Bloomberg) --Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Wednesday as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load. The Chapter 11...

(Bloomberg) --The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with the matter. The measures could target crude swaps with companies in Asia...

The newly installed government in Guyana says it is seeking to change the country’s approach to oil and gas by ensuring benefits to Guyanese from the offshore resources are maximized. Officials of the now two-week old administration have said...

Even though he is tasked with managing the day to day operations of Guyana’s oil industry, Minister of Natural Resources, Vickram Bharrat has been keen to note that the sector would not be run by “a lone wolf”.  During an...

Through the engagement of a specialist firm in December 2019, the in-depth review of the Field Development Plan (FDP), Environmental Impact Assessment (EIA) and supporting documents for the Payara development also included an assessment of eleven key areas of...

(S&P Global Platts) ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company's growth in oil and natural gas production in Argentina. The government of Neuquen, a southwestern province where most...

A study conducted on the Kaieteur Block offshore Guyana has revealed that nine prospects, including the Tanager-1 well where exploration drilling is underway, hold an estimated 2.1 billion barrels of oil resources. The Stena Carron drillship arrived at the Tanager-1 well site a week...