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Message from Guyana’s President on the occasion of the country’s 55th Independence Anniversary

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Address by His Excellency Dr Mohamed Irfaan Ali President of the Co-operative Republic of Guyana on the occasion of Guyana’s 55th Independence Anniversary Honourable Prime Minister, Madam Chancellor of the Judiciary, Former Presidents, Ministers of Government, Heads of Service, Members...
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Nigeria state oil firm renews oil lease with Shell, Total, Exxon, Eni

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(Reuters) - The Nigerian National Petroleum Corp renewed Oil Mining Lease 118 with the local subsidiaries of Shell, Total, Exxon and Eni for another 20 years, the West African country’s state oil firm said in a statement on Tuesday. The...
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AAPG, SPE exploring merger to create ‘energy professionals’ organization for the future’

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The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announced Tuesday that they are exploring the benefits and opportunities of a merger that would create the ‘energy professionals' organization for the future’. With unanimous consent...
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Asset sales, maintenance in T&T and elsewhere will see BP output dropping this quarter

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In a group results statement for Q1 2021, BP said second quarter production will be even lower than the first quarter in both its conventional operations and newly created 'gas and low carbon' unit. This is due to a...
News

Guyana ranks first for total resources discovered since 2015, Suriname takes giant leap

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Guyana has emerged as the world’s most exciting new oil province since a major offshore discovery in 2015 placed the country in the spotlight. The more than 18 discoveries made since that time at the prolific Stabroek Block have...
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Halliburton confirms it’s on track for close to 100% local services in Guyana by year-end

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Halliburton has confirmed that by the end of this year close to 100% of its services will come from Guyana where it has been operating since 2015. The Oil field service company has been steadily expanding its activities in...
News

Oil near one-week high

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(Reuters) Oil prices slipped on Tuesday but were near one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets. Brent crude futures were down...
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Hess bumps up stake in Kaieteur Block as basin prospects remain prolific

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Westmount Energy Ltd., a company that holds shares in two of the firms with stakes in the Kaieteur Block offshore Guyana, announced on Monday that Hess Corporation has increased its stake in the block from 15% to 20%. "We believe...
Exploration

Basins with high-quality, low-cost discoveries will reign supreme

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Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions vary, often considerably, for peak...
News

University of Guyana set to roll out new courses for oil industry from June

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In an effort to help fill national performance gaps, the University of Guyana’s Institute for Energy Diplomacy (IED) recently announced that it will be offering a suite of Executive Level Professional Courses on Energy Markets, Oil and Gas Value...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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