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Shares in Brazil’s Petrobras jump almost 10%

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(Reuters) - Preferred shares in Brazil's Petrobras jumped almost 10% on Thursday, after the state-controlled oil company smashed second-quarter margin estimates and announced 31.6 billion reais ($6.15 billion) in extraordinary dividend payments. Petroleo Brasileiro SA, as the company is formally...
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Noble says rig crews working in Guyana delivering outstanding performances

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Noble Corporation said this week contract drilling services revenue for the second quarter of 2021 totaled $200 million compared to $159 million in the combined first quarter of this year. In April, the Noble Sam Croft began its contract in Guyana,...
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SBM Offshore mobilizing for departure of Guyana FPSO

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SBM Offshore said on Thursday its financial results at half-year are in line with management expectations and that staff and contractor teams continue to perform well despite the challenging conditions from the continuing pandemic. The company is also mobilizing...
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Guyana government seeking project manager, senior engineer for gas-to-energy project

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The Guyana government is moving to build a workforce for its signature US$900 million gas-to-energy project being developed in partnership with ExxonMobil, set to come on stream by 2024. The Ministry of Natural Resources in a notice on Tuesday...
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Pandemic woes, oil price crunch are no game-changer for South America’s hottest new producer

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Even as a robust global vaccination programme is rolled out for COVID-19, new variants such as delta are threatening another round of lockdowns. This could put a dent in the gradual recovery seen in oil demand in recent months....
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Multiple projects set to generate 500 megawatts of power by 2025

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Recognising energy as a critical component for the advancement of Guyana’s development, President Dr. Irfaan Ali says his administration plans to implement several projects that will deliver at least 500 megawatts (MW) of power by 2025. The largest of the...
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Exxon forging ahead with offshore fibre optic cable installation activities

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ExxonMobil is forging ahead with its fibre optic cable installation activities at the Stabroek Block offshore Guyana this month, the Maritime Administration Department (MARAD) said in a notice. “This exercise is scheduled to conclude on October 10, 2021, and will...
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Builder of Guyana FPSOs secures 22.5 year contract for Brazil floater

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SBM Offshore said Tuesday it has signed a Letter of Intent with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease and operate contract for FPSO Alexandre de Gusmão. The unit will be deployed at the Mero field in the...
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Observers weigh in on the performance of the Ali administration in oil and gas

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This week marks one year since a new government was sworn into office in Guyana following a 5-month ordeal that threatened the South American country’s fragile democracy. The Guyana Elections Commission (GECOM) declared the opposition People’s Progressive Party Civic...
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Wealth fund legislation for Guyana’s Parliament before year end – Ali

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The new legislative framework for Guyana’s Natural Resources Fund (NRF) will be laid in the National Assembly before the end of the year, President Irfaan Ali said on Monday. After taking up office in August last year, the Ali administration...
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Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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