News

(Reuters) - Indian Oil Corp., the country's top refiner, has made its first purchase of Guyana's Liza light sweet crude as it seeks to diversify its crude purchases, a source familiar with matter said. The 1-million-barrel cargo will set sail...

Guyana-based consultancy firm Environmental Management Consultants Inc. (EMC) and Acorn International, LLC, a US-based international firm focused on environmental and social risk and logistics management for industries and investors worldwide, have established a partnership to offer an integrated package of...

Even as Trinidad and Tobago pursues green initiatives such as a solar utility project and the first world scale green hydrogen project, representing its initial introduction into a green economy, the government is intent on ensuring the country’s hydrocarbon...

TechnipFMC announced Tuesday that it has been awarded a substantial subsea contract by Petrobras for the Búzios 6-9 fields. Located in the Santos basin offshore Brazil, these fields are part of the pre-salt area, with a water depth of 2,000...

(S&P Global Platts) A mostly transparent VLCC market is witnessing an increase in deals being concluded privately as a dismal freight market is offering charterers the luxury to quietly pick and choose their preferred owners as well as keep...

As authorities in Guyana forge ahead with the establishment of a local content policy that is likely to be backed up by legislation, the largest oil and gas company operating in the South American country is making it clear...

Norway-based integrated marine geophysical company PGS has been awarded a significant 4D acquisition contract by ExxonMobil for work offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015. A Titan class vessel is scheduled to...

The unprecedented series of oil strikes in the deepwater offshore Guyana are being described by a global consultancy firm as ‘pearls on a string’ that is now stretching all the way to its next-door neighbour Suriname where the government...

Eco (Atlantic) Oil & Gas Ltd. announced on Monday that it has closed a transaction with JHI Associates Inc. (JHI), a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10%...

Authorities in Guyana are looking to ensure the infrastructure that is being built in partnership with ExxonMobil to deliver gas from the offshore Liza field can facilitate increased power generation as economic activity picks up and industry expands. The Gas-to-Energy...