News

Nigeria’s Oando PLC to acquire NAOC from Eni

Italian energy giant Eni has declared the signing of an agreement to sell its wholly-owned subsidiary, Nigerian Agip Oil Company Ltd (NAOC Ltd), to Oando PLC. Oando PLC, an energy solutions provider, is prominently listed on both the Nigerian...

Oceaneering gets contract for jumper, subsea field development installation in Stabroek Block

Oceaneering International, Inc. has announced the successful acquisition of two international contracts through its Offshore Projects Group (OPG) segment, boasting a total combined value exceeding US$100 million. Oceaneering has been awarded a project in the Stabroek block, offshore Guyana. The...

Public meetings on Whiptail EIA begin on September 12

ExxonMobil Guyana Limited has announced a series of public meetings to discuss the Whiptail Development Project planned for the Stabroek block. The initiative aims to familiarise the public with the Environmental Impact Assessment (EIA) and the Environmental Impact Statement...

Beware of scams: SBM Offshore cautions against misuse of its business identity

SBM Offshore has issued a cautionary advisory to the public regarding deceptive activities carried out under its name by an unauthorised organisation. SBM Offshore, known for its commitment to safety and consumer protection, uncovered an alarming case in which...

ExxonMobil’s Global Outlook : Oil and gas vital in meeting world’s energy needs through 2050

In ExxonMobil's recently released "Global Outlook: Our view to 2050" report, a compelling narrative emerges: oil and natural gas are not fading into obsolescence in the world's energy mix. Instead, they are poised to remain indispensable, constituting more than...

Geo-Expro explores potential, challenges in Guyana-Suriname Basin in new report

GEO ExPro - a geoscientist peer magazine focused on the energy sector from a subsurface perspective - released a new report that examined in part, the geological opportunities and risks of the Guyana-Suriname Basin. The section on Guyana was...

Brazil’s Petrobras strengthens ties with China with new planned subsidiary

Petrobras has announced plans to establish a Chinese subsidiary. This move, according to Chief Executive Jean-Paul Prates, aims to rejuvenate relations with China, which had cooled during the tenure of former Brazilian President Jair Bolsonaro.  Petrobras intends to launch its...

Hinterland students to benefit from education programme about Guyana’s sacred Barima Mora Passage

In an initiative to promote the sustainable use and management of the Barima-Mora Passage, ten hinterland schools in Region One are set to benefit from an Education and Awareness Programme. This passage, revered for its biodiversity, is home to...

Subsea 7 seeks partners to bolster operations for Guyana’s Gas-to-Energy Project

Subsea 7 has initiated a hunt for suitable firms to collaborate in support of its pipelaying activities for Guyana's Gas-to-Energy project. The project, a significant endeavour for the South American nation, aims to harness its natural gas resources to...

Norway forging ahead with oil and gas development “for decades to come” despite environmental lobby

In defiance of mounting environmental concerns and lobby pressures, the Ministry of Petroleum and Energy in Norway has announced that it has received applications from 25 companies, eager to explore and produce petroleum resources. This move is part of...

Latest News

Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...