With the surge in fuel prices globally, well-established oil producing countries around the world have been looking to boost output, even as groups and climate lobbyists continue to push for new producers like Guyana, to slow down development of...
Italian oil services company, Saipem, announced a US$25 million contract from floater operator, BW Offshore Limited, to provide early-stage engineering services on an oil production vessel for Shell’s Gato do Mato oil and gas field in Brazil.
BW issued a limited notice to proceed (LNTP)...
China National Offshore Oil Corporation Limited (CNOOC) completed its first carbon capture and storage (CCS) project after 10 months of preparation, according to a report from Chinese state media.
China Daily said the state-owned oil corporation’s project was designed to...
Given their inability to honour their work obligations, Frontera Energy Corporation and CGX Energy Inc. have reached an agreement with the Guyana Government to relinquish the Demerara and Berbice Blocks, amounting to a combined 1.1 million acres.
The attention of...
ExxonMobil Guyana announced Thursday that its second production vessel, the Liza Unity, achieved pilot flare after its gas compression and injection systems were safely commissioned in “half normal industry time”.
ExxonMobil Guyana Production Manager, Mike Ryan dubbed the achievement “a...
TotalEnergies E&P Suriname, operator of Block 58, has secured the Maersk Valiant to drill another well offshore Suriname in the third quarter.
The driller said TotalEnergies exercised an option available to it, in a deal it has with Maersk, to add...
As at year-end 2021, ExxonMobil Guyana’s assets totaled $1.3 trillion, an increase of 30 percent over the previous year which the company says mostly reflects substantial incremental investments in the Stabroek Block.
Significant sums have been invested by Exxon and...
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) is making it clear that Guyana will not be left to handle the decommissioning costs associated with the multibillion-dollar Stabroek Block projects. Decommissioning encompasses the safe dismantling of the project infrastructure at...
Guyana’s Vice President, Dr. Bharrat Jagdeo says there are several reasons why the institution of a US$50 per tonne payment for flaring of carbon dioxide should not be dismissed as nominal. For one, it represents a move from no...
Pursuing the fulfillment of its Low Carbon Development Strategy (LCDS) up to 2030, the government wants involvement from all levels of society in its national sustainability plan, even oil companies.
In promotion of this, the government and the Stabroek Block...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
