News

Ben van Beurden is stepping down from his role as Chief Executive Officer (CEO) at Shell, at the end of the year. Wael Sawan, Shell’s Integrated Gas, Renewables and Energy Solutions Director, has already been tapped to take up the...

TechnipFMC said that TotalEnergies awarded it a significant engineering, procurement, construction, and installation (EPCI) contract for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. The contract is valued somewhere between US$75 million and US$200 million. TechnipFMC will reconfigure and install umbilicals and...

Data from the Guyana government and the Stabroek Block co-venturers (COVs) indicates that costs recovered from oil production have already exceeded the development cost for the Liza Phase 1 project. Following the world-class Liza discovery in 2015, the partners made...

Guyana is set to auction off portions of its offshore oil basin – dubbed the world’s hottest offshore play, before the end of 2022. A map of the Guyana Basin (dated August 17) shows that almost a third of the...

Palliser Capital, a 5% stakeholder in Capricorn Energy, sees the proposed merger with Tullow Oil as a poorly disguised attempt by the latter to take over Capricorn, and urged the board to consider alternatives. But Chief Executive Officer of Tullow...

The small South American country of Guyana, unknown to the world of oil and gas just seven years ago, is now one of the most active regions globally even as companies opt for less risk which is seeing a...

Guyana’s National Procurement and Tender Administration Board (NPTAB) received two bids for the supply of 30,000 solar photo voltaic home energy systems, supporting the country’s hinterland energy plan. Rajasthan Electronics & Instrument Ltd.’s entered a bid for US$8,387,462. Premier Energy Ltd....

Maersk Supply Service is offering its customers the option to reduce carbon emissions from offshore operations with a new fuel mix. The product – ECO Offshore – successfully trialled a blend of low-carbon biofuel with marine gas oil aboard the anchor handler Maersk Tender, in partnership with Dutch...

As the Guyana government and the Stabroek Block co-venturers move forward to develop the Gas-to-Energy project, costs could exceed US$2 billion. This is based on the sum of cost estimates for the onshore plants and the pipeline. ExxonMobil estimates...

All eyes will be on Guyana come September when the country opens its first offshore bid round. This will be a major step for Guyana, a country that has never handed out oil licenses through a competitive process. Oil and...