News

Guyana’s new draft Petroleum Activities Bill includes a framework to allow for the regulation of underground carbon storage.  The Minister with responsibility for Petroleum would have the power to grant rights for prospecting for and exploration of underground carbon dioxide...

More oil and gas development means more workers needed - 30,000 by 2024, according to Rystad Energy’s estimates, a significant increase from previous years. And this is just for South America’s operations and maintenance (O&M) workforce.  The Norway-based independent research...

Guyana’s team emerged victorious and walked away with the top prizes at the 2023 Concours d’Architecture International held recently in French Guiana - a competition that encourages students to be innovative and offer environmentally and socially sustainable project designs...

Hess Corporation, together with the Government of Guyana, earned the annual Energy Transition Initiative Award from the Association of International Energy Negotiators (AIEN) for leadership in creating a sustainable energy future. The award presentation described a landmark Carbon Credits Purchase...

SBM Offshore Guyana’s recent Vendor Day activity saw a commitment of over 700 hours of training and US$37 million in contracts for local suppliers.  The company met with 70 representatives of local businesses at the event, which is an integral...

ExxonMobil Guyana is expected to test the gas potential of the Stabroek Block with the aim of having such resources potentially underpin an independent project.  During a recent energy conference, Chief Executive Officer of Hess Corporation, John Hess said the...

In a significant development for Nigeria's oil industry, TotalEnergies, in collaboration with NNPC Limited, has made a momentous shallow water discovery at Ntokon in the Niger Delta. Gail Anderson, director of upstream research at Wood Mackenzie, hailed it as...

ExxonMobil’s Liza projects produced 11.6 million barrels of crude in May, at 374,450 barrels per day (bpd). This was constituted by production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.  May output also...

Chief Executive Officer of Hess Corporation, John Hess, said Friday that he was assured by Guyana President Dr. Mohamed Irfaan Ali of the strength of Guyana’s case in the appeal of an upset High Court judgment on financial assurance...

GO-NDE Inc., a joint venture partnership between Guyana Oil and Gas Support Services Inc. and Non Destructive Testers Guyana Inc., announced that it has successfully completed its International Rope Access Trade Association (IRATA) audit and has been granted probationary...