News

Ampelmann has added Guyana as a new market to its global portfolio. In a contract with Dutch floater specialist SBM Offshore, the company assisted the hook-up and commissioning of the FPSO Liza Destiny, currently spread moored offshore Guyana producing...

(Bloomberg) --Oil rebounded from its worst week since 2008 as the world’s central banks sought to stabilize financial markets, while hopes grew that OPEC+ will deepen output cuts following the coronavirus outbreak. Futures rose as much as 4.4% in New...

(Reuters) - Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm’s Swiss trading unit. Washington imposed sanctions in February on Rosneft’s Geneva-based...

ExxonMobil, operator at the 6.6 million acres Stabroek Block offshore Guyana is looking to move ahead with its fourth development in the South American country at the Hammerhead field. This latest development will follow the Liza Phase 1 and...

Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are under construction, 22 are being built at shipyards in China, South Korea and Singapore. Rystad Energy expects the outbreak of the coronavirus disease...

(Bloomberg) Brazil plans to withdraw its diplomatic personnel from Venezuela in the latest attempt to increase the isolation of the government of Nicolas Maduro, a senior official said. The official, who’s directly involved in the process but isn’t allowed to...

(Wood Mackenzie) A week ago, the World Health Organisation reported that there had been about 77,000 cases of COVID-19, the disease caused by the new coronavirus, in 27 countries. On February 28, the WHO said the number of cases...

Updated March 1, 2020 The South American country of Guyana, where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent, is set to elect a new government on Monday March 2, just months...

They say it is the mother of all elections. The contest, mainly between two factions who at their core have been in battle for the better part of half a century, will come to a climax when Guyanese cast...

Caribbean petroleum producer Trinidad and Tobago is facing an unprecedented economic crisis fueled by a downturn in LNG and oil prices which former energy minister Kevin Ramnarine says only careful planning and a reality check can avert. “Folks we are...