News

The topsides lifting campaign for the Liza Unity FPSO was recently completed and a major project milestone was achieved. Dutch floater specialist, SBM Offshore said on Tuesday thanks to the efforts of the integrated team, over 26,000 tons of topsides...

The joint venture partners at Guyana’s Orinduik Block have successfully entered into the First Renewal Period of the Orinduik Petroleum Prospecting Licence initially signed on January 14, 2016 with the Government of Guyana with the associated notice having now...

The Centre for Local Business Development has signed a Memorandum of Understanding (MoU) with the American Petroleum Institute, paving the way for ISO 9001 certified companies in Guyana to expand their training and acquire certification for the manufacturing of...

After a year of significantly reduced activity in oil and gas operations, production shut-ins and a major decline in investments brought on by the pandemic, deepwater success in places such as Guyana will provide its own shot in the...

CNOOC Limited announced on Monday that Caofeidian 6-4 oilfield has commenced production. Caofeidian 6-4 oilfield is located in the Midwest of Bohai, with average water depth of about 20 meters. “In addition to fully utilizing the existing processing facilities of Nanpu 35-2...

(Bloomberg) --Petroleos Mexicanos (PEMEX) discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the Gulf of Mexico,...

Guyana’s move towards becoming one of the top oil producers in the western hemisphere is likely to be realized even before the decade comes to an end as plans to develop its multi-billion-barrel oil fields move full steam ahead....

Total and Apache are expected to make their Final Investment Decision (FID) to develop oil fields at Block 58 offshore Suriname later this year in what experts say could be the second fastest ramp up in oil production activities...

Weak or negative returns for VLCCs hauling crude from the Persian Gulf to North Asia are prompting shipowners to adopt cost-cutting measures like curtailing sailing speed and idling their ships near Singapore or Sri Lanka's port of Galle, freight...

Italian engineering giant Saipem hopes to play a long-term role in the development of sub-Saharan African LNG infrastructure, its Chief Operating Officer for onshore, Maurizio Coratella, said in an interview. According to an S&P Global Platts report, Saipem-led consortiums were...