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‘Cautious optimism’ as Guyana enters new year as oil producing nation – PPP

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Guyana’s main opposition People’s Progressive Party (PPP) says the start of oil production at the dawn of the new year is an occasion for cautious optimism but stressed that in order for the South American nation to truly benefit...
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Oil to fuel mega projects, development programmes in coming decade – Granger

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The dawn of the new year has coincided with the start of oil production in Guyana and the country’s President, David Granger, says this will help to intensify plans to transform the South American nation of just over 750,000...
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Noble hits first gas at largest field in Eastern Mediterranean

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Noble Energy Inc.  on Tuesday announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “This is a historic...
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Bayphase Ltd. awarded contract to review plans for ExxonMobil’s 3rd development offshore Guyana

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Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support services in review and evaluation of ExxonMobil’s Payara Field Development Plans. The Expressions of Interest received...
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Petronas wraps up acquisition of two deepwater fields in Brazil

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Malaysian oil and gas company Petronas announced on Saturday the completion of the transaction for the acquisition of 50 per cent equity in the Tartaruga Verde producing field (BM-C-36 Concession) and Module III of the Espadarte field (Espadarte Concession),...
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Brazilian northeast beaches hit by second oil spill

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(Reuters) - Crude oil smudges have been spotted at some Brazilian beaches in the northeast state of Ceará, the country’s navy said on Monday, almost two months after the area was hit by another oil slick. That was part of...
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Bourbon Guyana operations unaffected by change in stakeholder ownership – General Manager

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The sale of Bourbon Corporation's assets to Société Phocéenne de Participations by a decision of the Marseille Commercial Court will not impact the operations of Bourbon Guyana, which officially opened its doors in the new South American oil producing...
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Oil on track for best year since 2016

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(Bloomberg) -- Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. Futures in New York held near a three-month high Monday....
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Iran detains ship carrying smuggled fuel near Strait of Hormuz

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The Islamic Revolution Guard Corps (IRGC) navy forces have confiscated an oil tanker carrying smuggled fuel in Abu Musa waters, southern Iran, state-run Islamic Republic News Agency reported on Monday. Commander of the 5th region of the IRGC navy forces...
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CARICOM oil producing neighbours sign tourism pact

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CARICOM oil producers Guyana and Suriname signed a tourism agreement on Monday in Paramaribo that is intended to boost efforts in both countries to increase tourism and visitor arrivals between the two territories. The Tourism Accord is viewed as a...
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Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for...

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