News

Following the report of a possible distress flare on the night of Sunday, October 6, the CROSS French West Indies-Guyana (Regional Operational Centre for Surveillance and Rescue) dispatched 4 ships to search the area, with the support of an...

The South American country of Guyana is one of several prospective locations French oil major Total is targeting for the addition of new reserves to its portfolio. Industry analyst Wood Mackenzie says the company’s portfolio is diversified across different resource...

Companies in Guyana’s emerging oil and gas sector have contributed over GY$500 million to the National Insurance Scheme (NIS) – a social security organization - for the first half of 2019. This is according to General Manager Holly Greaves, who...

Speaking after Brazil's Licensing Round 16 on Thursday, Juliana Miguez, from Wood Mackenzie’s Latin America upstream, said the round has set a record – the BRL 8.9 billion (US$2.2 billion) - in signature bonuses, the highest yet for a...

Dutch floater specialist SBM Offshore could be close to an agreement with Chinese yard China Merchant Heavy Industry (CMHI) for construction of another new hull for a floating production, storage and offloading vessel (FPSO) under its Fast4Ward® design, according...

Discussion in the South American country of Guyana on whether or not a portion of coming oil revenue should be transferred directly to households continues to take centre stage with the country’s president and finance minister, while not ruling...

President of Guyana David Granger on Wednesday said that the South American country is keen on cooperating with Qatar not only on building oil and gas capacity but also on realising trade and education opportunities. The president was at the...

Oil continues to flow in the South American country of Guyana, where so far for 2019, the second most discovered resources have been made globally, with Russia topping the charts at number 1. Oil and gas companies have discovered 7.7...

Guyana, as a newcomer to the league of oil producing nations, is in a unique position to learn from and avoid the many mistakes which have been made by other resource-rich countries and to emulate best practices for effectively...

Bourbon Offshore said in an update Tuesday that following reports on Sunday by two seafarers on-board the Alp Striker of signals that they interpreted as potentially emanating from a distress flare, the vessel immediately set a course for the...