News

With the use of Local Content Regulations, the Guyana Government can outline provisions that dictate shorter payment timelines by oil companies, says Trinidadian Energy Strategist, Anthony Paul. During an interview on radio programme, Guyana’s Oil and You, Paul shared that...

With the sudden resignation of its Chief Executive Officer (CEO) Francesco Caio, Saipem has promoted energy industry veteran Alessandro Puliti to serve in the post. The Italian oilfield services company announced on Wednesday that Puliti will still serve in his...

ExxonMobil’s fifth Stabroek Block development – Uaru – is set to target three massive reservoirs, Uaru, Mako and Snoek, according to the final Terms and Scope for the project’s Environmental Impact Assessment, submitted to Guyana’s Environmental Protection Agency (EPA). The...

A final investment decision at Block 58 offshore Suriname could come in 2023, rather than later this year as was previously anticipated. Another drillship will move to the Sapakara field to drill a second appraisal well at Sapakara South, where...

Schlumberger, Aker Solutions and Subsea 7 announced on Tuesday the launch of a new start-up venture meant to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. Schlumberger, in the announcement, outlined that...

The government of Guyana handed over instruments of appointment to persons identified to sit on critical bodies established for the management of Guyana’s oil fund. The ceremony occurred at the Office of the President in Georgetown, in the presence of...

Guyana's Environmental Protection Agency (EPA) in early August approved the final terms and scope for the Environmental Impact Assessment (EIA) for the Uaru Development Project, Exxon’s fifth and largest project at the Stabroek Block. The terms and scope document was prepared...

Eco (Atlantic) Oil & Gas says it remains optimistic about the development potential of the Jethro-1 heavy oil discovery made in 2019 at the Orinduik Block offshore Guyana. The company plans to provide further information on plans and timing...

CGX Energy Inc. has expended some US$21.8 million to complete a substantial portion of its massive Berbice Deepwater Port, the company said in a recent status update. Thus far, CGX has completed 40,000 square meters quayside laydown yard, the rip rap flood protection for the Port...

Millions of Brazilians are set to choose their next President on October 2 and all bets are on the incumbent Jair Bolsonaro and his fiercest opponent – former president, Luiz Ignacio Lula da Silva. Both have gone head-to-head this campaign season,...