Guyana and Suriname have had substantial natural gas reserves discovered in the basin, altogether estimated at a whopping 29.5 trillion cubic feet. According to ExxonMobil, the operator of the Stabroek Block offshore Guyana, of the 11 billion oil-equivalent barrels...
Equinor plans to invest more NOK 12 billion (approximately US$1.1 billion) to develop gas infrastructure in the Troll West gas province, in the Norwegian North Sea, it said in a May 24 release.
The plan is to accelerate production from...
Namibia has the potential to replicate Guyana's success in the oil sector, said NJ Ayuk, Chairman of the African Energy Chamber.
In a recent conversation with Petroleum Economist’s editor-in-chief, Paul Hickin, Ayuk praised both countries for their rich geological resources...
Authorities in Trinidad and Tobago are still trying to ascertain the owner(s) of the ‘Solo Creed’ - tug involved in the Feb. 7 Tobago oil spill.
In a May 23 release, the Ministry of Energy and Energy Industries said the...
Petrobras announced that its Board of Directors has appointed Magda Chambriard as a Board member and elected her as the company's new Chief Executive Officer (CEO). Chambriard took office immediately, joining the Board without the need for a Shareholders'...
If ExxonMobil opts not to move ahead with gas development, in line with the Guyana government’s wishes, the prospects will be reallocated, said Vice President Bharrat Jagdeo.
During a May 24 press conference, Jagdeo said work is being done to...
MODEC said it carried out keel laying for the Guyana-bound Errea Wittu floating production, storage and offloading vessel (FPSO), five weeks ahead of schedule.
In a May 23 LinkedIn post announcing the achievement, MODEC said “This performance milestone demonstrates the...
China's oil and gas giant CNOOC Limited has expanded its operations with new petroleum exploration and production concession contracts (EPCCs) in Mozambique. The company gained access to five offshore blocks, covering approximately 29,000 square kilometers, with water depths ranging...
A hinterland poultry project called ‘Egg Sandwich’ is returning tangible results, according to an update from the Greater Guyana Initiative (GGI), its funder.
GGI, launched by the Stabroek Block partners, said Egg Sandwich “is transforming hinterland poultry production, providing both...
The TotalEnergies consortium, which includes Qatar Energy and Petronas, is the only group that has so far been greenlighted by Guyana for a block off the country's coast.
Guyana Vice President Bharrat Jagdeo said some of the other winners...
