News

TotalEnergies and Eni (operator) have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block respectively in 2018 and August 2022....

Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) has awarded the state-owned Petrobras operator status of three blocks located in the Campos Basin, offshore Brazil. The blocks are called Sudoeste de Sagitário, Água Marinha and Norte de Brava. Brazil’s pre-salt churns...

Qualco Guyana has received authorisation from the Environmental Protection Agency (EPA) for the country’s first rope access training facility located at Supply, East Bank Demerara. “This permit covers the company’s activities for a workshop and equipment storage facility at the company’s operations...

Since achieving first oil on December 20, 2019, Guyana has maintained an industry-leading pace of development and production, much to the credit of its partnership with seasoned oil majors. But even amid such successes, it must still hasten to...

Eco Atlantic Oil and Gas has successfully upped its participating interest share in Block 3B/4B offshore South Africa by 6.25%. The company in an announcement on Monday said it received all the requisite regulatory approvals from the Department of Mineral Resources and...

ExxonMobil Guyana produced 10.78 million barrels of crude in November 2022, according to public data from the government’s Petroleum Management Programme. Total production averaged 359,490 barrels per day (bpd). This comprised output from the Liza Phases One and Two projects...

Quanten Consortium Angola LLC, Environmental Solutions Inc. and SPEC Energy DMCC are the latest US-based companies bidding to build Guyana’s 30,000 barrels per day modular refinery. Quanten said it focuses on developing “transformational projects” in emerging markets with interventions that support deep,...

Subsea 7 S.A. on Friday said it was awarded three contracts by Aker BP for work offshore Norway. The awards included a major contract (over US$750 million) for Yggdrasil field development project (formerly NOAKA), a large contract (US$300-500 million) for Skarv Satellite Project and a substantial contract (US$150-300 million) for...

OPEC – the Organisation of Petroleum Exporting Countries – forecasts a hike in the world oil demand in 2023 by at least 2.2 million barrels per day (bpd) year-on-year, according to its latest Oil Market Report. OPEC said that Organisation...

As Guyana continues efforts to build out a robust regulatory and legislative framework for the oil industry, it would also be wise to keep its eyes on policies and programmes that target inclusionary growth. United States Ambassador to Guyana,...