News

Noble Corporation announced Friday the completion of its acquisition of Pacific Drilling Company LLC, effective on April 15, 2021. Noble said Pacific Drilling's high specification ultra-deepwater drillship fleet further enhances its global position as an owner and operator of one...

Countries around the world including those in the Latin America and Caribbean region are taking measures to ramp up oil and gas production knowing that the window is closing for development of these resources at prices that would make...

More local companies are registering on the Centre for Local Business Development’s Supplier Registration Portal and benefitting from training and capacity building being provided by the Centre. “To date, over 2900 Guyanese companies have registered on the Centre’s Supplier Registration...

By Wazim Mowla - OilNOW While some states aim to use foreign policy to increase their standing in the world, for advocacy, or as a tool to compete with others, Guyana’s has centered on promoting its economic development at home....

(Reuters) - French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed. The delay is...

Just in the first quarter of this year, two additional drill ships – Noble Sam Croft and Stena DrillMAX - have been added to the ExxonMobil fleet, bringing the total to six operating offshore Guyana. These vessels along with...

The Guyana government said on Wednesday it was ‘highly disappointed’ with ExxonMobil’s inability to resolve ongoing issues with the flash gas compressor system on the Liza Destiny FPSO which on three occasions since oil production began in December 2019,...

Just under six years since its first oil discovery and around 16 months since production began, shore base capabilities in Guyana to service the offshore operations are rapidly growing resulting in an increasing number of projects being moved from...

(S&P Global Platts) Shell and Norway's Equinor have urged the government of Tanzania to take immediate action to conclude talks on the country's planned LNG export facility, warning that the time to develop new gas resources was "limited." In an...

The Guyana government exported another million-barrel oil cargo this week from the Liza Destiny FPSO even as production was reduced from 120,000 barrels of oil per day (bpd) to around 30,000 bpd due to additional issues encountered with the...