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Data consortiums signal the future of oil and gas

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The energy industry has a data problem: Every major exploration and production company collects petabytes of data, but their analysis is limited to their own petabytes. Companies need access to industry-wide data to gain accurate insight into the sector,...
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No award of oil blocks before elections

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There can be no award of any oil blocks before the next General Election is held and a government is appointed. This is according to Guyana’s Minister of Legal Affairs and Attorney General, Basil Williams. Williams iterated this on Monday,...
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Peterson lands Repsol deal for Guyana wildcat

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(Upstream) Repsol has handed UK player Peterson a deal to be the main logistics contractor for the Spanish major’s upcoming wildcat on the Kanuku block off Guyana. Peterson will provide Repsol with integrated supply base operations management, logistics and pipeyard...
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Chevron Venezuela output continues decline

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(Upstream) Chevron has continued to see a decline in production from its assets in Venezuela as the company acknowledged ongoing challenges in continuing to operate in the turbulent South American country. The US supermajor has continued to operate in Venezuela...
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O&G talks taken to Guyana’s Essequibo region

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Guyanese in the Essequibo region were on Friday July 26 given an opportunity to join in the creation of a process which would allow citizens to exercise influence over the ways in which Guyana’s oil and gas sector would...
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Trump administration passes sweeping economic sanctions against Venezuela

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While the Trump administration defended its most recent round of sanctions against the government of Venezuela, President Nicolas Maduro’s foreign ministry denounced the order calling it "another serious aggression by the Trump administration through arbitrary economic terrorism against the Venezuelan...
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Oil Revenue: Finance Minister supports lowering taxes, assistance for the vulnerable

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Guyana’s Minister of Finance, Winston Jordan, believes a structured approach must be adopted to ensure Guyanese can benefit meaningfully from oil revenue. Mr. Jordan favours assistance for vulnerable groups but is not in support of random cash payouts to...
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CNOOC to take majority interest in West African petroleum licenses

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(Reuters) - Australian oil and gas explorer FAR Ltd, which holds a stake in licenses for oil drilling off the coast of West Africa’s Guinea-Bissau, said a unit of China National Offshore Oil Corp will take a majority stake...
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Exxon targeting Tripletail, Uaru, and Mako as oil hunt intensifies offshore Guyana

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With more than 6 billion barrels of oil already discovered off the Guyana coast, ExxonMobil is leaving no stone unturned in its quest to find more crude in the 6.6 million acres Stabroek Block. The US oil major is...
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6 billion barrels-plus estimate will climb when resources from multiple wells are finalized

OilNOW -
Resources from several wells are still to be finalized even as ExxonMobil and its co-venturers in Guyana up the estimate to 6 billion plus barrels of oil equivalent discovered so far in the South American country. “We've had three further...
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SBM Offshore Guyana throws support behind Mental Health Awareness Campaign

SBM Offshore Guyana has thrown its support behind a new national mental health campaign launched by the Office of...

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