News

Guyana offshore gets busy with new discoveries and more wells planned

US oil major ExxonMobil is targeting two new wells on its Stabroek Block following the company’s 14th discovery announced last week at Tripletail. Tullow Oil, which announced the Jethro-Lobe discovery on the Orinduik block in August quickly followed it...

T&T government facing questions over refinery deal

Former Minister of Energy in Trinidad and Tobago Kevin Ramnarine has said that the “country is truly in a state of shock” following the announcement on Friday of the government’s decision to accept the offer of the (Oil Workers...

Risk of further Saudi attacks high

(Rigzone) The risk of further high-impact attacks against Saudi energy infrastructure is high. That’s according to Torbjorn Soltvedt, principal MENA analyst at Verisk Maplecroft, who made the statement in an analysis piece sent to Rigzone on Thursday. “For Saudi Arabia,...

Cargo Consolidators Agency launches Guyana subsidiary for O&G supplies

Cargo Consolidators Agency (CCA), a Trinidad-based company with over 40 years of experience in international freight, launched its Guyana subsidiary at the Marriott Hotel, Georgetown on Friday evening. The company has been involved in the international movement of oil &...

Company owned by oil union to purchase Petrotrin refinery for US$700 million

Media outfit Loop TT is reporting that Trinidad and Tobago’s Minister of Finance Colm Imbert announced that a company owned by the Oilfield Workers Trade Union (OWTU) has been named the preferred bidder to own and operate the Pointe-a-Pierre...

Criticism of Guyana government mounts over election as oil production looms

The international community, including Guyana’s primary bilateral partners in addition to segments of its domestic business and legal fraternity, has come out in criticism of the Guyana Government for what it has described as a breach of the Constitution...

Privately-owned oil spill response centre set to open doors in Guyana

GAICO Construction Inc. will next month open the first privately-owned Oil Spill Response Centre in Guyana, at its Georgetown Wharf. The Centre is currently in its final stages of completion and will, according to GAICO’s Chief Executive Officer, Komal Singh,...

Guyana will require fewer petroleum engineers per barrel of production than T&T

The University of Guyana (UG) has added an Associate’s program in Petroleum Engineering and a Master’s Degree in Petroleum Engineering, in response to the country’s rapidly growing hydrocarbon industry. With expectations high among Guyanese, more so, potential students, for training...

Orinduik now looks like a ‘big pool of oil traps’ – Holzman

CEO of Eco Atlantic Oil and Gas Gil Holzman says that with the rare back to back oil finds in the Jethro-1 and Joe-1 wells in the Orinduik Block offshore Guyana, he believes that this is a portent of...

EPA’s 36-person Petroleum Unit won’t be ready in time for first oil – Dr. Adams

The World Bank is assisting the Environmental Protection Agency (EPA) in Guyana with the establishment of a Petroleum Unit to address oil and gas matters as first oil approaches in the South American country. However, EPA's Executive Director, Dr. Vincent...

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Hess says exploration planned this year for Suriname blocks at Guyana border

Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes -...