News

(CNN) Vice President Mike Pence said the US will impose additional sanctions on Venezuelan leaders and pledged more aid to the region as he called on nations to do more to confront embattled President Nicolas Maduro's government. "To leaders around...

A surge in final investment decisions (FIDs) this year on new petroleum projects worldwide, including the Liza Phase 2 Development Project offshore Guyana, could see sanctioned volumes of oil and gas nearly triple compared to last year’s tally. Rystad...

Rapid discoveries being made by US oil major ExxonMobil in the prolific Stabroek Block offshore Guyana are playing a key role in derisking the Orinduik Block, according to the CEO of Eco Atlantic Oil & Gas, Gil Holzman. Eco Atlantic...

The first human resource company with 100% Guyanese ownership servicing the South American country’s emerging oil and gas industry was officially launched on Friday in Georgetown. Strategic Recruitment Solutions Inc. (SRSGY) is currently providing human resource services to three of...

South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service players, Guyana is stealing some of the thunder as the country is emerging as an...

(Bloomberg) When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market. The mammoth facility -- long and wide enough...

- Hemichand Morgan talks about life at sea When you are the father of four children under 10 years old, being unemployed with no job in sight can stretch your endurance to the limit. Not long ago, Guyanese, Hemichand Morgan, was...

Eco (Atlantic) Oil & Gas Ltd. (aim:ECO)(EOG), along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V. (Operator), has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron...

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) and DOF Subsea (DOF) announce that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), has commenced its 8-year charter contract with...

Russian news agency TASS is reporting that Venezuelan state-owned oil company PDVSA (Petroleos de Venezuela) “has denied Sunday reports that the Russian Gazprombank had decided to freeze its accounts.” PDVSA reportedly made the statement on its Twitter account. "PDVSA categorically denies...