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Exxon’s bid in Guyana’s first licensing round shows potential of basin – Rystad Energy

Shikema Dey -
The mere fact that ExxonMobil threw its bid in the ring for Guyana’s first offshore licensing round governed by more stringent fiscal terms speaks to the potential of South America’s hottest prospect. That point was offered by the Managing Director...
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bp Trinidad and Tobago completes critical offshore pipeline replacement

OilNOW -
bp Trinidad and Tobago (bpTT) has announced the successful completion of its Trinidad Offshore Pipeline Replacement (TOPR) project, as part of the company's ongoing efforts to enhance its infrastructure.  The TOPR project involved the installation of a 96-kilometre, 12-inch pipeline,...
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Expo Day marks culmination of ElevateAll’s 10-week intensive for manufacturing entrepreneurs

OilNOW -
The Centre for Local Business Development celebrated the completion of its inaugural cohort from the ElevateAll - Manufacturing edition, with a September 23 ceremony and Expo Day at the Pegasus Corporate Suites, Kingston, Georgetown. ElevateAll extended a golden opportunity...
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Commonwealth backs Guyana in territorial controversy with Venezuela after recent threats

OilNOW -
In a significant show of solidarity, the Commonwealth Ministerial Group on Guyana met in New York on September 17, 2023, to address the ongoing territorial dispute between Guyana and Venezuela. Convened by the Commonwealth Secretary-General, Patricia Scotland KC, the...
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Venezuela an international pariah; threat won’t hurt confidence in Guyana bid round – Rystad Energy

Shikema Dey -
Rystad Energy’s Managing Director for Latin America, Schreiner Parker believes Venezuela’s recent grandstanding will have no effect on confidence in Guyana’s bid round. The analyst is the latest to add his voice to the Bolivarian Republic’s aggressive posture to...
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Noble gets US$33 million added to backlog by TotalEnergies

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Noble has secured a contract with Total Austral, a subsidiary of TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina.  The contract is expected to...
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CARICOM in strong defense of Guyana’s sovereignty, condemns Venezuela’s “threat of force”

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In a display of solidarity, the Caribbean Community (CARICOM) has issued a strong defense of the sovereignty of the Cooperative Republic of Guyana, taking aim at recent provocations from the Bolivarian Republic of Venezuela. Venezuela, over the past week,...
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Technip Brazil team delivers 100th subsea tree system for Guyana project

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TechnipFMC's Brazil location delivered its 100th subsea tree system for offshore projects in Guyana's Stabroek Block. This latest milestone points to the company's commitment to client success and its contribution to the development of Guyana's oil sector. “Achieving together is...
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Shell, NGC sign amended sales contract for Manatee field development

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The National Gas Company of Trinidad and Tobago Limited (NGC) and Shell Trinidad and Tobago Limited (Shell) have officially inked an amended Domestic Gas Sales Contract (DGSC) that includes a share of natural gas volumes from the Shell-operated Manatee...
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Exxon says has responded to draft audit report, awaits word from Guyana gov’t

OilNOW -
Following a recent controversy surrounding an audit of Exxon’s expenses, ExxonMobil Guyana has issued a statement affirming its cooperation with the process. The company noted that it has provided the required responses and documents to address the points highlighted...
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Kuwait, Qatar, other long-established producers now trail Guyana in per capita oil output

Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil production,...

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