News

Former government minister, David Patterson, said Members of Parliament (MP) from his political party, Alliance for Change (AFC), will propose amendments to the Petroleum Activities Bill. The government is preparing to take the Bill to Parliament for scrutiny and...

Local suppliers in Guyana will have an opportunity to connect with two of ExxonMobil’s biggest drilling contractors - Noble and Stena - at a Business Forum set to take place on Wednesday. The event will be hosted at Duke Lodge...

The US Department of Energy is seeking another six million barrels of oil to add to its Strategic Petroleum Reserve (SPR) replenishment. By August, the DOE’s total purchase will stand at 12 million barrels, according to a July 7...

The precise location of new drilling prospects in ExxonMobil’s 35-well Stabroek Block campaign is yet to be determined. The all-clear was given on July 4.  In its updated Cumulative Impact Assessment (CIA), Exxon said that the majority of the wells...

Set for Friday July 14, ERM Guyana Inc. will be hosting a virtual sensitisation session on ExxonMobil’s Whiptail project - the 6th Stabroek Block development.  The project was screened by Guyana's Environmental Protection Agency (EPA) which determined that an Environmental...

As anticipation builds for an upcoming roundtable discussion on the opportunities in Guyana's upstream petroleum industry, officials are gearing up to utilise the event as a platform to promote Guyana and attract international interest in its burgeoning oil sector....

Schlumberger (SLB) has secured a significant five-year contract from Petrobras, one of Brazil's largest oil and gas companies, for the enterprise-wide deployment of its cutting-edge Delfi™ digital platform.  The contract encompasses Petrobras' complete digital transformation across exploration, development, and production...

Transocean announced on July 5 that six one-well options have been exercised for the Transocean Encourage in Norway. The rig is in use by Equinor. The estimated 370 days of work will contribute approximately US$172 million in backlog. The work...

What was considered a 'signing bonus' for the 2016 Stabroek Block Production Sharing Agreement (PSA) was in fact funds provided to Guyana in support of its efforts to address Venezuela’s claim to two-thirds of its territory.  ...

New data pulled from Rystad Energy shows that the claims of chronic underinvestment in the global oil and gas industry are exaggerated.  While investments in the upstream sector have decreased since reaching a peak of US$887 billion in 2014, some...