News

Hess Corporation’s Chief Executive Officer (CEO), John Hess, said the market can look forward to a “major upgrade” to Guyana's Stabroek Block resource base which stands at 11 billion barrels of oil equivalent resources. During his recent participation at the...

Brazil’s newest addition to its offshore oil platform fleet – the Anna Nery – has left the BrasFELS Shipyard, in the city of Angra dos Reis (RJ), en route to the Campos Basin for its expected 2023 start-up. The new...

ExxonMobil Guyana announced Saturday that it is celebrating 365 days of ‘No Hurts’ aboard the Liza Destiny floating production, storage, and offloading (FPSO) vessel operating in the Stabroek Block. “That’s NO injuries; No cuts, NO bruises, NO physical body damage...

Since 2019, UK energy investment firm, Westmount Energy Limited has participated indirectly via its investee companies in the drilling of exploration wells on the Kaieteur, Canje, and Orinduik Blocks. While those efforts have not produced a commercial, standalone discovery,...

Since the discovery of oil, Guyana has undergone sector-wide changes including the digital transformation of the small South American country. That change requires innovative technology solutions whether it be onshore or offshore and to meet these needs, local telecommunications companies...

Guyana’s oil bonanza and the massive growth potential in its traditional industries are expected to capture the attention of a Canadian Energy NL trade delegation visiting next the South American country week. Energy NL is Newfoundland and Labrador’s largest energy...

Petrobras copped a US$1.9 billion (R$10.3 billion) payment after selling a 5% stake of the Buzios Field, in the pre-salt of the Santos Basin to China’s CNOOC Petroleum. The amount already includes the adjustments provided for in the contract, after...

The United Kingdom’s BP Oil International Limited beat 13 competitors to win a one-year contract for the marketing of Guyana’s share of profit oil from the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels. The marketing tender was...

With new OPITO certification, 3t EnerMech’s Training Centre of Excellence at Lusignan, East Coast Demerara can now offer new courses catering to oil and gas training in tropical conditions. OPITO is a global, not-for-profit, skills body for the energy industry....

Faced with the economic effects of the COVID-19 pandemic as well as the Russia-Ukraine war, energy security and affordability have now become key considerations for governments and policymakers. It is on this premise that Gerard Walsh, Chairman of Westmount...