News

BP has extended its contract for utilisation of the mobile offshore drilling unit (MODU) Stena IceMAX, Stena Drilling said Tuesday. This extension shall see the MODU mobilise to the United States Gulf of Mexico in direct continuation of the initial...

ExxonMobil revealed that earnings from growth at its Guyana and Permian projects in 2022 more than offset the losses from its divestments and the expropriation of the Russian Sakhalin-1 project. This was also helped by higher prices on account...

UK supermajor, bp has decided that it will be producing oil and gas longer than it intended to, in direct response to the world’s growing energy needs. But it is not dialling back on its transition to green energy; bp...

Two Members of Parliament (MP) have approached the Guyana House seeking an order for the Minister of Natural Resources, Vickram Bharrat, to table all documents relating to the construction of the Wales Gas-to-Energy project and the Heads of Agreement...

Guyana passed Local Content legislation a little over a year ago to ensure that its citizens get the most out of the petroleum resource – a whopping 11 billion barrels discovered in the Stabroek Block and counting. Now, NetBenefit Software...

ExxonMobil, Hess and CNOOC have paid up US$57.6 million (GY$12 billion) in quarterly royalties to the Guyana government, a January report of the Natural Resource Fund indicated. This represents 26% of Guyana’s projected royalties for 2023. The royalties account for...

ExxonMobil Guyana’s Kokwari-1 exploration well is expected to be drilled between February and July 2023, utilising the Stena DrillMAX. Guyana’s Maritime Administration Department (MARAD) in a notice to mariners said the well site is situated approximately 190 kilometres off the...

Trinidad and Tobago’s Minister of Energy, Stuart Young is leading a team to Caracas, Venezuela to kick off negotiations with the Bolivarian Republic for the Dragon gas deal. According to TT media reports, Young is being supported by Trinidad’s Venezuelan...

Touchstone Exploration said Monday that it commenced operations at the Royston-1X sidetrack well on the onshore Ortoire Block in Trinidad and Tobago. Royston-1X is re-entering the previously drilled Royston-1 well and is expected to be drilled to a measured depth...

Western Logistics Guyana Inc. announced has achieved ISO 9001:2015 certification. ISO 9001:2015 is an international standard dedicated to a quality management system. This consists of principles of customer focus, leadership, engagement of people, process approach, improvement, evidence-based decision-making, and relationship...