UK-based Tullow Oil and its joint venture partners have spudded their first well at the Orinduik Block offshore Guyana located just miles away from the multi-billion-barrel Stabroek Block where US oil major ExxonMobil has to date made a record...
For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival.
Five years after crude began its plunge to less than $30 a barrel from more than $100, the companies that drill and frack...
(Reuters) - Guyana is preparing to raise the take of the government in future oil licences, the director of the South American country’s Department of Energy said on Wednesday.
U.S. energy giant Exxon, French group Total and Britain’s Tullow Oil...
When Frontera Energy Corporation acquired a 33.33 percent share in CGX Energy’s license for exploration in the Corentyne and Demerara offshore blocks in 2018, the Guyana government did not receive revenue from this deal since it was a business-to-business...
As one of the few major new conventional oil regions discovered this century, Guyana is set to be transformed over the course of the next decade, with the country predicted to emerge as a top per capita producer of...
Shares in Tullow Oil jumped by a further 4% on the back of the company forecasting slightly higher production levels at a key asset in western Africa and exploration at a wildcat in the South American country of Guyana,...
The recently published article by Nasdaq on the five fastest growing economies in the world, from which Guyana has been highlighted as the number one ranked economy to grow the fastest in the coming years with a projected growth...
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded subsea contracts by Reliance Industries Limited for the MJ1 field located in deep water offshore India in the Krishna Godavari basin.
The company says these contracts cover the fabrication and installation of...
Thuranthiran Nadarajah, the Country Manager for Sapiem Guyana has been working for 15 years with the Italian company, but he says that his work in Guyana over the past two years is a milestone in his career, simply because...
Gross Domestic Product (GDP) is without question one of our most important economic indicators. It tells us about the size and shape of the economy. It helps the government and the fiscal institutions to manage the economy, for example...
