News

ExxonMobil Guyana has outlined development plans to place six floating production vessels offshore Guyana by 2027 and see potential for 10 to be in operation in the Stabroek Block by the end of the decade. President of the company, Alistair...

With Guyana’s massive Gas-to-Energy project on track for its 2024 start-up, the government through a request for proposals (RFP) is seeking consultants to provide legal and commercial advisory services along with negotiation support. The RFP published by the Ministry of...

Following a successful drill campaign offshore Suriname at Baja-1 in Block 53, APA Corporation will now be turning its attention to the Awari exploration prospect, located around 17 miles north of the Maka discovery at Block 58. TotalEnergies operates Block...

While Guyana’s Local Content legislation allows the subject minister to grant waivers to companies that encounter difficulties in meeting agreed targets for use of Guyanese goods and services, Energy Strategist, Anthony Paul says great care must be taken in the application...

Trinidad and Tobago’s Energy Chamber recognised, back in 2017, that the country lacked a proper system to accurately report and analyse the local content delivery of industry players operating there. Upstream operator companies have an obligation to report to the Ministry...

The UK imported no crude oil or refined products from Russia in June for the first time on record, according to UK trade data. S&P Global Platts said in an August 24 article that this follows phased sanctions on...

Officials at ExxonMobil Guyana say a layered system of reviews and audits are in place to ensure the integrity of the expenses that go into its cost bank. They made the comments during the 26th episode of Access ExxonMobil, published on...

Research from Norway Group Rystad Energy shows that Brazil is driving a wave of cold-stacking floating rig reactivations as the state-owned Petrobras pushes for higher crude output by 2030. In oil and gas, cold-stacking is the equivalent of shuttering a factory...

Stena Drilling has announced the launch of its new start-up ‘Stena Wells’ – a venture aimed at providing fully managed well construction and decommissioning. Stena Wells is a separate entity from Stena Drilling, but the two companies will collaborate to provide...

Guyana’s Local Content Secretariat (LCS) is clamping down on contract bundling, with companies at risk of not being certified compliant with the law. In a statement on Friday, the LCS noted that companies were issued “a final caution” to desist...