News

Energía Argentina, Argentina’s state hydrocarbon developer, said it signed a contract with SIAT S.A. last Thursday for the provision of pipes for the President Néstor Kirchner Gas Pipeline and its complementary works. The contract consists of a purchase of 582 kilometers (362 miles)...

Guyana’s Private Sector Commission said on Wednesday that it supports the government taking “strong action” against companies trying to circumvent the Local Content Act. The Act was passed in December, and contains provisions aimed at increasing Guyanese participation in the oil...

Ramps Logistics Guyana Inc. has brought forward a claim that the company was denied its Local Content certification even though it met all the requirements set. “The recently passed Local Content Act stipulates that a company must have a local content certificate...

The Vreed-en-Hoop Shore Base Inc. (VESHI) is moving closer to reality as company and other officials on Tuesday turned the sod to mark the start of construction on the US$300 million venture. Due to inclement weather, a planned large ceremony...

Norway’s Minister of Climate and the Environment, Espen Barth Eide said he is impressed by Guyana’s continued leadership on rainforest conservation, during an important contract signing for Guyana’s renewable energy future. Norway, Guyana, and the Inter-American Development Bank (IDB) signed an...

South America’s newest oil producing nation is in the midst of an oil boom which started in 2015 when ExxonMobil discovered the Liza field, the largest deepwater discovery in the world that year. Since that time, the US oil...

APA Corporation announced Tuesday flow test results from the Krabdagu exploration well (KBD-1) on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies (TTE), the operator, also holding a 50% working interest. TotalEnergies...

Vice President, Dr. Bharrat Jagdeo has acknowledged that the four-month timeline for the completion of the audit for ExxonMobil Guyana’s post-2018 bills does appear short. Be that as it may, the senior government official assured that the timeline can...

The oil industry has been hard hit by two unprecedented risk factors—the COVID-19 pandemic and the war in Ukraine. To survive these turbulent times and any other similar risks well into 2040, Hess Corporation believes the key is continued...

By Dr. Graham King - OilNOW Commodity-rich developing countries can suffer terribly from Dutch Disease. Commodity wealth bolsters imports, making them relatively cheaper and more readily accessible to the population. Local products can struggle to compete as labour rates climb...