News

With Guyana’s draft model petroleum agreements now in the public domain, it is clear that the government is seeking to encourage international oil companies (IOCs) to commit to development of commercial discoveries in a timely manner. The contract effectively...

Dutch geo-data specialist Fugro and Brazil state-owned Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of the South American country. Fugro said the technology trial was carried out in collaboration with Petrobras...

Trinidad and Tobago (TT) expects gas to start flowing from the Dragon field project in two years, once all goes well in negotiations with Venezuela, its Energy Minister, Stuart Young has said.  Young, according to Reuters, is due back in...

Vessel calls at the Georgetown harbour are set to increase exponentially with ExxonMobil Guyana’s planned 35-well drill campaign in the offshore Stabroek Block.  According to the Cumulative Environmental Assessment (CIA) it submitted to the Environmental Protection Agency (EPA),...

All 14 blocks on auction in Guyana’s ongoing licensing round have received expressions of interest, the government said in a statement Tuesday. Guyana’s Ministry of Natural Resources has published new model contracts to govern the three deepwater and 11...

Once ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the...

Guyana's Environmental Protection Agency (EPA) has reiterated its commitment to ensuring the country holds no liability in the unlikely event of an oil spill in the offshore Stabroek Block.  Current Permits are held by ExxonMobil Corp. subsidiary, Esso Exploration and...

The Guyana Shore Base Inc. (GYSBI) is stressing the importance of safety after an incident that saw a woman entering an active construction site at Reynstein, West Bank Demerara.  The woman, Elizabeth Deane Hughes, wrote a letter to local...

TotalEnergies said it has launched the fully integrated front-end engineering and design (FEED) for the Papua LNG project. As operator of Papua LNG, Total led its joint venture partners in the selection of a concept including four electrical LNG trains...

Annual greenfield capital expenditure is set to break the US$100 billion threshold this year, according to Norway’s Rystad Energy as offshore development activities surge globally. And investments in Guyana’s offshore Stabroek Block will take up US$7 billion of that...