ExxonMobil’s sanctioning of Yellowtail - its biggest project to date offshore Guyana - has seen the extension of four Noble drillships through to 2025.
US$10B Yellowtail Project set to unleash a tsunami of economic benefits
On April 1 this year, the...
Planning is underway for an exploration campaign to be conducted at the Zanderij-1 prospect located at Block 42 offshore Suriname. The well, targeting both Campanian and Santonian aged reservoirs, will be spudded around the third quarter of this year.
As...
Shareholders of the Australian Woodside Petroleum voted to move forward with a merger with the BHP’s Petroleum business, BHP said in a note.
Woodside said 98.66% of the votes submitted favoured the merged.
“All conditions precedent necessary to implement the Merger...
The Georgetown Chamber of Commerce and Industry (GCCI) has endorsed the Government of Guyana’s signing of a Memorandum of Understanding (MoU) with Trinidad and Tobago, following a public commitment to address the twin-island nation’s trade barriers against Guyana.
In...
Prime Minister of Trinidad and Tobago, Dr. Keith Rowley said there is no need for his government and Guyana’s to be at each other’s throats about Guyana’s new local content laws.
“What the government of Trinidad and Tobago tried to...
The price of oil fell to its lowest level in 11 years in 2015 as commodity markets responded to signs that the global glut of oil would have deepen the following year. While oil ministers from Qatar and Iraq...
The new Barreleye-1 well, drilled in 3,840 feet of water, found roughly 230 feet of hydrocarbon-bearing sandstone reservoirs, 52 feet of which is high quality oil bearing. The well is located about 20 miles southeast of the original Liza...
(Reuters) - The amount of crude oil in the U.S. Strategic Petroleum Reserve (SPR) dropped by 5 million barrels in the week to May 13, data from the U.S. Department of Energy showed.
Stockpiles in the Strategic Petroleum Reserve (SPR) fell...
A major ExxonMobil contractor, TechnipFMC, is gradually building a pool of local companies that can support its work in Guyana, said Area Director for Guyana, Suriname and Trinidad, Nicolas Sicard.
“Nowadays, we have a pool of nearly 70 Guyanese-owned companies...
A new oil and gas corridor is quickly emerging in Guyana on the East Bank of Demerara where several oil field services companies have been setting up operations in recent years.
“It seems as though Houston in Guyana is becoming like Houston in Texas;...
