News

EPA developing policy to govern use of dispersants during oil spill

Head of Guyana’s Environmental Protection Agency (EPA), Kemraj Parsram has disclosed that efforts are afoot to draft an overarching policy on the use of dispersants in the oil sector. Dispersants are chemicals that are sprayed on a surface oil slick...

80% of remaining deepwater oil resources in the world will come from just five countries – WoodMac

Traditionally, analysts often assess oil resources based on generalities or broad assumptions. However, consultancy group Wood Mackenzie says when trying to understand where to get more oil, precision is key. The upstream industry remains active and must fill the 450...

Billions being spent with Guyanese suppliers even as stakeholders continue push for local content legislation

As authorities in Guyana forge ahead with the finalization of a local content development framework, the largest oil and gas company operating in the country says it remains committed to building local capacity since it sees this as the...

Saudi Arabia slashes crude prices to Asia

(Reuters) - Saudi Arabia, the world's top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the United States steady. The deep price cuts come as lockdowns...

Contractors being sought to paint ExxonMobil office complex in Guyana

Suppliers, Contractors and Specialist Sub-contractors are being invited to submit an Expression of Interest (EOI) for painting services for ExxonMobil’s 15-acre campus located in Ogle on the outskirts of Georgetown, Guyana. Nabi/KCL Oilfield Construction Services Guyana has secured the contract...

Halliburton introducing cutting edge technology to boost understanding of complex reservoirs

Halliburton Landmark has released the latest version of Geosciences Suite, a DecisionSpace ® 365 cloud solution powered by iEnergy ®, an E&P hybrid cloud. The software combines innovative technology with a tightly integrated, end-to-end suite of workflows to create...

TechnipFMC says Brazil contracts ‘significant’

TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação...

Exxon in search of Quayside and Laydown Area on West Bank of Demerara River

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has put out a Request for Information (RFI) seeking detailed operational and technical information from suppliers for meeting its bid selection requirements for a Quayside and Laydown Area on the...

Gas pipeline will deliver over 50% reduction in emissions, analyst says time to act is now

Given the quantity of the gas Guyana has found in the Stabroek Block as well as how easily it can be piped to shore without having to pay a premium on the resource, it certainly makes sense for the...

Global cooperation essential to address gas flaring, according to GlobalData

The growing public awareness about global warming and climate change have catapulted world leaders to address the gas flaring issue. Global platforms such as the UN are encouraging countries to set themselves targets to reduce and subsequently eliminate gas...

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Oil jumps past $109 as Trump signals escalation in Iran conflict

Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply...