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Applications to construct O&G facilities in Guyana ramp-up

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As Guyana’s Oil and Gas industry continues to develop, the country can expect to see infrastructure and facilities being put in place to support the growing activities. On Monday, the country’s Environmental Protection Agency (EPA) announced via a notice in...
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Venezuela and Iran defy U.S. sanctions with new tanker delivery

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(Bloomberg) --An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as Honey, turned off its satellite signal and started unloading about 2 million barrels of South Pars condensate...
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Apache spuds 4th Suriname well as search for more oil continues

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Apache Corporation said on Monday the Noble Sam Croft drill ship has commenced operations at the Keskesi East-1 exploration well approximately 14 kilometers (9 miles) southeast of Sapakara West-1, where the company had made its second discovery offshore Suriname....
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Key officials confirmed for Caribbean’s first major virtual petroleum summit

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The transformation in global oil and gas economies indicate that now, more than ever, is the time to bring the industry together to examine and overcome unprecedented challenges while uncovering and exploring available opportunities in the Caribbean markets. This, the...
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BP says oil demand growth era over

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(Bloomberg) -- BP Plc said the relentless growth of oil demand is over, becoming the first supermajor to call the end of an era many thought would last another decade or more. Oil consumption may never return to levels seen...
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Guyana has 20-year window of opportunity to maximise benefits from oil resources

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The effectiveness of Guyana’s development plans depends on the notion that the population can adequately benefit from the oil revenues that are beginning to flow, particularly since it has a limited window of opportunity in which to capture maximum...
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Schlumberger accepting applications from Guyanese women for ‘Faculty of the Future’ fellowships

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The Schlumberger Foundation is now accepting applications from Guyanese women for its ‘Faculty of the Future’ Fellowship Awards Program for the period 2021 to 2022. The Faculty for the Future program, launched in 2004, awards fellowships to women from developing...
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Faltering oil demand puts new pressure on OPEC+ production agreements

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(Bloomberg) -- It was meant to be the week when OPEC nations gathered in Baghdad to celebrate the cartel’s six decades as a dominant force in global oil markets. Instead, the Organization of Petroleum Exporting Countries and its allies will...
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Tanager-1 well voted most likely to hit a commercial discovery

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The Tanager-1 well in the Kaieteur Block offshore Guyana has been voted as the prospect that will most likely lead to a commercial discovery in the second half of 2020. This is the results of a poll conducted by...
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Oil revenues can help Guyana compete in multiple lucrative markets – Guyana’s Foreign Secretary

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Guyana’s Foreign Secretary Robert Persaud said the new oil producing nation must use some of the revenue from its vast hydrocarbon resources to bolster other export-oriented sectors of the economy. The South American emerging oil giant has already benefited from...
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Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

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