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Tullow walks away from Suriname, holds onto Guyana with 200-million-barrel campaign planned next year

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UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...
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APA conducts flow test, delivers ‘excellent quality black oil reservoir’ offshore Suriname

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APA Corporation announced results on Wednesday from flow testing at the Sapakara South appraisal well and drilling results from the Bonboni exploration well in Suriname. Both operations were recently completed on Block 58. Sapakara South-1 (SPS-1) flow test Flow and subsequent...
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Guyana’s customs agency announces regulatory procedures for shorebases

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The Guyana Revenue Authority (GRA) on Wednesday announced a slew of regulatory procedures meant to govern the establishment of shorebases servicing the country’s petroleum sector. In a public notice, GRA said that back on October 9, 2021, it had published...
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ExxonMobil cost-recovery audits will be done, locals must be involved, says Vice President

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Guyana's Vice President Dr. Bharrat Jagdeo said the Government is seeking to assemble a group of strong local auditors to collaborate with an international firm for the audit of ExxonMobil’s post-2017 costs. “We have made it clear what our intention...
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T&T inks massive gas deal with Shell; to produce as much as 700 mmscf per day

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Prime Minister of Trinidad and Tobago, Dr. Keith Rowley announced on Wednesday that a crucial agreement was signed between his administration, Shell Trinidad and Tobago Limited, and Shell Trinidad and Tobago Resources SRL (Shell) on the terms and conditions...
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Brazil working with OPEC but has no plans to join cartel

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(S&P Global Platts) Brazil is continuing to work cooperatively with OPEC but has no current plans to formally join the oil producer cartel, the country's energy minister said Nov. 17, noting rising domestic concerns over high oil and gas...
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Opposition moves to Parliament for answers on government’s failure to audit US$9B Liza 1 & 2 projects

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Guyana's political opposition has moved to Parliament with a list of questions it hopes would allow it to better understand why the government has not yet completed the audit of ExxonMobil’s Liza Phase 1 and 2 projects which total...
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SBM Offshore to build largest producing unit in company’s history for Exxon’s Yellowtail project

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SBM Offshore announced on Wednesday that it has been awarded contracts to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) for Guyana's Yellowtail Development project. The Dutch floater specialist said the award...
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TechnipFMC wins contract to supply subsea system for Guyana’s US$9 billion Yellowtail Project

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French-American conglomerate, TechnipFMC has been awarded a large contract by ExxonMobil’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), to supply the subsea production system for the Stabroek block's US$9 billion Yellowtail Development Project. For TechnipFMC, a “large” contract is between...
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U.S. real estate franchise RE/MAX enters Guyana market

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Internationally traded real estate franchise, Real Estate Maximums (RE/MAX) has joined the ranks of other top-notch companies that are eager to tap into Guyana’s lucrative oil market. On Tuesday, RE/MAX Guyana was launched at the Pegasus Hotel’s Sky Lounge. The...
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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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