News

The National Gas Company of Trinidad and Tobago Limited (NGC) said on Friday that it signed a "milestone" gas supply contract with energy major, bp Trinidad and Tobago (bpTT), to ensure future domestic gas supply for the upcoming years. NGC’s...

Development operations are in high gear at the Payara field, located just over 103 nautical miles offshore Guyana, South America’s up and coming second biggest producer. This marks ExxonMobil’s third project at the massive Stabroek Block where nearly 11...

Guyana’s Ministry of Natural Resources said Thursday that the next contractor to market its entitlement of crude from the ExxonMobil-operated Stabroek Block will be taking over in the fourth quarter of 2022 for a period of one year. The marketers’ responsibilities will...

Guyana is taking out all the stops in its effort to protect its territorial integrity from the threat of Venezuela. Even though it believes in the integrity of a judicial settlement in the border controversy against Venezuela, it sees...

TotalEnergies has contracted McDermott for engineering, procurement, supply, construction, installation (EPSCI), pre-commissioning, and assistance to commission and start up its Begonia Project offshore Angola, the latter said on Tuesday. The Begonia field is located in water depths between 400 and...

As oil and gas deliveries from Russia dwindle in wake of the war in Ukraine, Germany, Europe's biggest oil consumer, has been scrambling to find new sources of energy which has seen rare imports in recent months from countries...

The Local Content Secretariat (LCS) is seeking to draft guidelines that will signal clearly, how joint venture partnerships will be deemed genuine. Noting this recently was the President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker. Director...

TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension is expected to commence in January...

The Nigeria-Morocco Gas Pipeline (NMGP) has “taken off”, the Nigerian National Petroleum Company (NNPC) said last week. A memorandum of understanding (MoU) was signed between NNPC, Morocco’s National Office for Hydrocarbons & Mines (ONHYM), and the Economic Community of...

Guyana’s Vice President Dr. Bharrat Jagdeo says the country has improvements to make in its natural resource governance structure, but that he is generally satisfied with the efforts made thus far by the government. Jagdeo, who is the government's chief...