Chairman and Chief Analyst at Wood Mackenzie, Simon Flowers says a giant oil supply gap is looming. If, as is expected, oil demand peaks at 110 million b/d in 2036, the inexorable decline of fields in production or under...
As Guyana prepares for first oil, the need for Health, Safety, Security and the Environment (HSSE) standards was further highlighted on Wednesday when the American Chamber of Commerce Guyana (AMCHAM), in collaboration with its sister organisation in Trinidad and...
(Reuters) - Surging U.S. oil output will outpace sluggish global demand and lead to a large stock build around the world in the next nine months, the International Energy Agency (IEA) said on Friday.
The forecasts appear to predict the...
The forthcoming three-round licensing bonanza of Brazil’s pre-salt acreage includes four massive discovered resource opportunities (DROs) sandwiched between two high-profile exploration rounds. Timing for this round is set for November 6, 2019, industry analyst Wood Mackenzie said in a...
The University of Guyana’s (UG) Faculty of Agriculture on Monday commissioned a gasifier machine that will have the capacity to produce 10-12kWatts of clean energy and will be used for research in the production of other biomass materials.
The project,...
The financial risk was high and the prospects of finding oil off the Guyana coast was low in the lead-up to the 2015 drill campaign that saw the largest discovery for that year being made at the Liza field....
Explorers in the 1800km2 Orinduik Block, situated in shallow water (70 – 1,400m), 170 km offshore Guyana, are targeting around 220 million barrels of oil at the first wildcat well currently being drilled – Jethro-Lobe. Orinduik is located adjacent to...
(Al Jazeera) On January 23, when US-backed opposition leader Juan Guaido declared himself interim president of Venezuela, he thought deposing President Nicolas Maduro from power would be easy.
He had a simple, three-thronged plan: declare Maduro's presidency illegitimate by exposing...
SBM Offshore has signed a Letter of Intent (LOI) together with Petróleo Brasileiro S.A. (Petrobras) for a 22.5 years lease and operate of FPSO Mero 2, to be deployed at the Mero field in the Santos Basin offshore Brazil, 180...
The Centre for Local Business Development (CLBD), which was established back in July 2017 to help build the capacity of Guyanese businesses to better position themselves for the oil and gas industry, is on a mission to make training...
