News

With over US$40 billion in sanctioned projects for the Stabroek Block, Guyana’s Vice President, Dr. Bharrat Jagdeo has assured that the pace of approval for these investments is not outstripping the country’s monitoring capabilities, nor is it overheating the...

The deepwater drilling sector is experiencing a remarkable resurgence, with floating rig utilisation reaching an impressive 90% in 2023. According to a recent report from Wood Mackenzie titled "Are we at the tipping point of the deepwater rig market?"...

The upcoming 3rd Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) scheduled for June 19 to 22, 2023 in Paramaribo, Suriname, is generating significant attention and participation from both regional and global players. Regional ministers from Trinidad and...

Guyana’s Vice President, Dr. Bharrat Jagdeo says reckless statements and distorted facts about the oil and gas sector not only place the country at risk of being a global laughingstock but could even harm negotiations with external groups. His position...

ExxonMobil seeks a combination of attractive geology, stable political conditions and the potential to minimise its carbon footprint in the production process, says its Exploration Chief John Ardill. Guyana, with its crown jewel - the Stabroek Block - has...

Norwegian oil company Aker BP has declared the recent Yggdrasil discovery to be Norway's longest-ever exploration well. This conclusion came after the Øst Frigg Beta/Epsilon wildcat well reached its target depth of 8168 metres, a record-breaking milestone that has...

The Latin America and the Caribbean Petroleum Engineering Conference (LACPEC) is set to highlight the new exploration frontiers - Guyana and Suriname - showcasing the region's advancements in the energy industry. The conference, renowned as the premier technical event...

Vice President Dr. Bharrat Jagdeo committed that the Guyana government will provide vital documents, including the model petroleum agreements and the amendment to the Petroleum (Exploration and Production) Act, to investors ahead of the bidding deadline for oil blocks...

TotalEnergies and Shell Corp. have recently made some big oil strikes in Africa and ExxonMobil also has its eyes set on ramping things up on the continent. This is according to its Exploration Chief John Ardill in a recent...

Halliburton Company, a leading provider of oilfield services, has unveiled its latest innovation in drilling technology - the EarthStar® X near-bit shallow and ultra-deep resistivity service. This cutting-edge addition to the iStar® intelligent drilling and logging platform is set...