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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...

There is prima facie evidence to suggest that a utility company is characterised by allocative inefficiency in its charging policies. However, improvement depends less on privatisation per se than on the form of the privatised energy industry. This can...

Venezuela is threatening to nationalize Chevron's oil assets if Washington declines to extend a sanctions waiver that expires on 27 July, reports independent media organization, Argus. The waiver issued as a general license by the US Treasury Department on 28 January allowed...

Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad...

Harvey Gulf International Marine Inc. has established its newest country office in Guyana. On Wednesday, July 10, 2019, Harvey Gulf’s local office, Guyana Offshore Vessel Services Inc, held a reception to celebrate the occasion in front of their building...

Training, capacity building and having a stake in the operations of businesses entering the country to tap into opportunities in oil and gas are some of the key targets Guyanese are being urged to pursue as the South American...