News

Former President and Opposition Leader of Guyana, Bharrat Jagdeo, says he is not opposed to an investigation into the distribution of oil blocks offshore the South American country, however, he is calling for this investigation to be conducted independent...

US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Rystad Energy is raising its forecast for US crude output to 13.4 million...

Brazil urgently needs investment in offshore pipelines and onshore processing facilities to develop its offshore gas resources, according to Wood Mackenzie. The consultant expects the country to deliver close to 5 MMb/d of oil in the late 2020s, with more...

Guyana’s President, David Granger, on Thursday said the United Kingdom remains a strategic partner of Guyana, noting that the relationship between the two countries has provided valuable assistance to Guyana in numerous fields. The President was at the time speaking...

On Tuesday, June 4, 2019, Italian oil and gas industry contractor Saipem celebrated the establishment of its first country office in Guyana. The office, located in Georgetown, will serve as the headquarters for their local operations. While the company has...

With the impending Oil and Gas industry in Guyana, a matter of great concern has been local content, and how Guyanese can benefit from the industry--not just the resource but employment and getting them ready for the employment opportunities...

(Rigzone) Fitch Solutions does not expect to see Venezuela’s oil output collapse and go to zero in 2019, according to the company’s head of oil and gas analysis, Joseph Gatdula. The Fitch Solutions representative conceded that the oil sector in...

The Guyana Shore Base Inc. (GYSBI) and TOTALTEC Oilfield Services will be collaborating to recruit and train over 120 Guyanese in basic safety and oilfield operations to enable them to successfully join and participate in the South American country’s...

The deepwater reservoirs in Guyana’s Stabroek block where more than 5.5 billion barrels of oil have been found rank among the best in the world for quality and are expected to deliver high productivity. This is according to Chairman...

(S&P Global Platts) Shell pledged Tuesday to continue growing its oil and gas production over the coming decade by spending more developing its shale assets while holding output steady from deepwater and conventional upstream projects, despite escalating climate concerns...