News

Guyana’s massive Stabroek Block is a prime example of where cleaner crude reservoirs can be prioritized to generate less emissions while maximising returns to investors and the government. With around 10 billion barrels of oil equivalent discovered since 2015...

Data and analytics company GlobalData says India is likely to start operations of 118 midstream oil and gas projects from 2021 to 2025, accounting for 35% of the total upcoming midstream project starts in Asia by 2025. According to...

ExxonMobil’s most recent success offshore Guyana at the Cataback-1 well will help determine the volume of fluids and development potential in the area close to the Turbot/Tripletail discoveries. The Cataback-1 well encountered 243 feet (74 meters) of net pay in...

CEO of TotalEnergies, Patrick Pouyanne, said while a rapid development of Suriname oil resources would be desirable financially, how to "valorize" the associated gas remains a big question and with similar considerations offshore Guyana, a combined solution for commercializing...

(Reuters) - Oil prices surged again on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $1.20...

With the arrival of Guyana’s second floating production storage and offloading vessel (FPSO) next month and start of oil production by early 2022, at peak 220,000 barrels of oil per day (bpd) will be added to the already producing...

(The Washington Post) The stench of gasoline burned through Verónica Barboza’s nose as she stood by the edge of Lake Maracaibo, one of the largest lakes in South America, on a recent afternoon. The soles of her shoes, she said,...

The Government of Guyana is lining up renewable energy projects to complement its planned gas-to-energy initiative in line with its plans to diversify and clean up the country’s energy mix. One of the latest of these is a hydropower...

The massive Stabroek Block offshore Guyana along with the adjacent Canje and Kaieteur Blocks could deliver around 15 billion barrels of oil equivalent as more exploration campaigns get underway in the coming months. “Production of crude oil over the whole...

Guyana’s much-anticipated local content legislation appears is close to fruition with an announcement by Senior Petroleum Coordinator at the Ministry of Natural Resources, Bobby Gossai Jr., that a Local Content Bill will be heading to the National Assembly when...