News

(Bloomberg) Brazil, which became a net oil exporter last year, wants to expand its footprint in global energy markets without joining OPEC. The South American nation expects to be among the top-five energy exporters by 2030, and is tapping private...

With several billion barrels of oil equivalent already discovered and the potential for more being found remaining high, developing the resources at optimum pace will ensure highest returns for the South American country of Guyana and the Stabroek Block...

(Offshore Technology) Indian Prime Minister Narendra Modi’s Union Cabinet has approved a memorandum of understanding (MoU) on co-operation in the oil and gas sector. As part of the MoU, the two countries will focus on exploration and production (E&P) and...

In its 2020-2024 Floating Production Systems Outlook Report, Energy Maritime Associates (EMA), analyzed the activity in 2019, recent industry trends and conducted a sentiment survey to develop a forecast for all types of Floating Production Systems including FPSO, FLNG,...

Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the Director of the Department of Energy, Mark Bynoe, told Reuters in a...

(Forbes) As the tiny nation of Guyana sends off its first tanker full of crude, the world welcomes a newcomer to the ranks of high volume oil producers. With fresh discoveries this month off small nearby countries, this small stretch...

In just four years the deepwater off the coast of Guyana has seen a significant uptick in traffic with the ramp up of exploration in the prolific Stabroek Block and the preparation and start of the Liza Phase 1...

As the Guyana government prepares to sell its first oil lift from the Liza Phase 1 development in the prolific offshore Stabroek Block, the Department of Energy sees collaboration with the Guyana Extractive Industries Transparency Initiative (GYEITI) as integral...

Nabi/KCL Oilfield Construction Services Guyana has advertised for a number of construction equipment operator positions as it gears up to begin construction of the head office of ExxonMobil Guyana, operator at the 6.6 million acres Stabroek Block. The positions, totaling...

Guyana’s journey as an oil producer has just begun and promises to bring massive transformation to the tiny South American country. The oil tanker Yannis P set sail on Monday with the first 1 million barrels of oil to...