News

The energy transition is challenging the raison d'etre of conventional exploration, which has always been the industry's primary engine for growth. So says Andrew Latham, Vice President of Global Exploration at Wood Mackenzie. In a low-carbon future, is there still room...

The late influential business writer Peter Drucker once said, "the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” This is also the advice being given to youths by two young men who have...

Guyanese firm, Orinduik Development Inc., is seeking to strengthen the country’s aviation sector through the establishment of an institute - Guyana Aviation Polytechnic - that will offer a range of programmes in aviation technology, as the South American country...

The Guyana government said on Friday it only learnt about a probe into the award of oil blocks through media reports and it has not received any formal update from the State Asset Recovery Agency (SARA) in relation to...

Guyana accounts for 15 percent of conventional oil discoveries made globally since 2015 and from all indications, potential for more crude strikes offshore the South American country remains high. Since the first giant Liza discovery announced back in May 2015,...

In its latest annual report of world recoverable oil resources, Rystad Energy, the independent energy research firm, finds that the United States currently holds 293 billion barrels of recoverable oil resources. This is 20 billion barrels more than Saudi...

Guyana’s President David Granger on Wednesday said the South American country looks forward to strengthening its relations with Russia and will pursue the successful conclusion of agreements relating to investments and the mutual recognition of educational qualifications. “Guyana will continue...

Global energy research and consultancy group, Wood Mackenzie, says the Permian natural gas spot price continues to enter new frontiers in 2019. The pipeline constraints that  sparked extreme negative Permian daily prices first appeared in late March and early April. As new...

The Republic of Ghana has expressed an interest in helping Guyana build its oil and gas capacity. This was among highlights of a bilateral agreement, which was signed between Guyana's President David Granger and Ghanaian's President Nana Akufo Addo. President...

(Oil & Gas Journal) Petroleo Brasileiro SA (Petrobras) signed a letter of intent with SBM Offshore for a 22.5-year lease and operation of the Mero 2 floating production, storage, and offloading vessel to be installed on giant Mero oil field in the...