News

Updated August 23, 2021 – 08:00 hrs The sixth-generation semi-submersible drilling rig Maersk Discoverer is currently in Guyana waters for a drill campaign at the Kawa-1 well site on the Corentyne block. The well site is situated approximately 90 nautical...

(S&P Global Platts) Crude oil futures were higher in mid-morning trade in Asia August 23 amid bargain hunting by investors after the rout in oil prices last week, with analysts noting the demand outlook remained optimistic as the West...

Updated August 22, 2021 Around 50 percent of the 9 billion barrels of oil equivalent discovered so far at the prolific Stabroek Block offshore Guyana can be developed by 6 Floating Production Storage and Offloading (FPSO) vessels and an additional...

Guyana was well represented at this year’s Offshore Technology Conference (OTC) by a delegation comprising companies, government agencies and business groups that left their mark at the Houston, Texas event where interest in the new oil producing country was...

Following a four-day official visit to Guyana, President of Suriname, Chandrikapersad Santokhi is taking home news of new partnerships with Guyana after extensive meetings with President, Dr. Mohamed Irfaan Ali and the Guyanese government. The two countries have decided to...

(S&P Global Platts) Guyana is expected to pick its new crude oil marketer from a list of 15 companies that submitted bids to the procurement authority of the South American nation, an official said on August 20. The Permanent Secretary...

(S&P Global Platts) Multiple Canadian companies, including the country's most prolific natural gas producer, plan on growing volumes and capital spending in the quarters ahead, in a stark contrast from major US oil and gas operators prioritizing fiscal discipline...

Updated August 21, 2021 “So, it's like the western hemisphere's Abu Dhabi in a sense” Guyana – the biggest oil story in the last decade – remains the centre of attention in any discussion on deepwater prospects in the western hemisphere....

(Reuters) - Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a surge in COVID-19...

With Guyana approaching its second year as an oil-producing nation, the small South American country, with a population of approximately 750,000 continues to see increasing benefits from its resource-rich Exclusive Economic Zone (EEZ), in which its vast oil fields...