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Woodside, BHP complete merger to form global energy company

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Australian companies, BHP and Woodside, announced Wednesday that they completed their all-stock merger. The merger’s effective date, according to BHP, is July 1. BHP’s Chief Executive Officer, Mike Henry said, “The merger of our petroleum assets with Woodside creates a global energy...
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Venezuela, Barbados, Grenada ink agreements with Trinidad for joint gas exploration

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Intent on strengthening the economy and securing the future of firms in the petrochemicals industry, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley has announced that his country will explore the gas potential of acreage in shared borders with...
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Deepwater blocks offshore Suriname up for grabs later this year

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By the end of 2022, Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company (NOC) is set to auction off the country’s deepwater blocks; another auction is reportedly planned for the shallow blocks by mid-2023. Annand Jagesar, Staatsolie’s Managing Director told Reuters...
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Guyana looking to wrap up Exxon audit in coming weeks, findings to be made public

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In a matter of weeks, the Government of Guyana is looking to complete its cost audit of ExxonMobil’s Stabroek Block operations for the period 1999 to 2017. Vice President Dr. Bharrat Jagdeo made the disclosure during a press conference...
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‘Deafening silence’ on opportunities for Trinidadians in oil & gas sector – Ramnarine

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For a country with over 110 years of experience in the oil and gas sector, it is an unfortunate fact that talk of Trinidad and Tobago’s local content capacity have become nearly non-existent. This is the view of the...
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Guyana’s major hydropower project delayed, but Gas-to-Energy still on track

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Guyana’s Vice President Dr. Bharrat Jagdeo said the government will “definitely have to revise timelines” for the delivery of its major hydropower project at the remote Amaila Falls. After six months of negotiations with the contractor, China Railway Group Limited (CRGL),...
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Six companies competing to supply Guyana’s first public electric vehicle charging stations

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This week, at Guyana’s National Procurement and Tender Administration Board (NPTAB), the tenders that were submitted by six companies to supply and deliver electric vehicle charging stations were finally opened. According to the board minutes posted on NPTAB's website, the...
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Exxon expects to add one more reservoir to fifth and biggest Guyana project – official

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The fifth development planned by ExxonMobil in Guyana is currently targeting the Uaru and Mako finds, but the project is likely to add an additional reservoir. Just which one it will be is subject to determination as ExxonMobil sorts out the project characteristics...
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US$50 flaring fee, financial assurance in new Liza-1 permit

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Guyana’s environmental regulator, the Environmental Protection Agency (EPA) has issued the renewed permit for ExxonMobil’s Liza Phase 1 project with further measures to ensure the country’s environment is safeguarded. The Liza Phase 1 permit has been renewed for a five-year...
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IHS Markit applauds local content law, as Guyanese go after billions in oil investments

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IHS Markit said Guyana’s government should be lauded for successfully avoiding over-demanding or unrealistic targets that would delay investment before developing expertise in measuring and coordinating industrial development actions. This comment comes as locals go after billions in investments being...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable...

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