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US cements position as world leader in oil reserves; Guyana pushing offshore replacement ratio

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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...
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Guyana strengthening relations with Russia; investment and education on radar

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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...
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Natural gas prices enter extreme negative territory in the Permian – WoodMac

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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...
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Ghana to help Guyana build its O&G capacity

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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...
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Petrobras, SBM sign LOI for Mero 2 FPSO

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(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...
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Trinidad moves past Venezuela to tap border gas

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(Argus) Trinidad and Tobago has cleared Shell to develop the country's side of a shallow-water natural gas field that straddles the maritime border with Venezuela, Prime Minister Keith Rowley said. The move indicates Trinidad's "impatience" with Venezuela's delay in agreeing...
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Guyana just months away from adding to South America’s O&G supply

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Guyana will begin producing oil within months at a modest peak rate of 120,000 barrels per day but with a rapid acceleration that will see production ballooning to almost 1 million bpd by the mid-2020s, adding to the South...
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Ghana president touches down in South America’s newest O&G hotspot

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President of Ghana Nana Akufo-Addo arrived in the South American country of Guyana in the early hours of Tuesday morning for what is the first State Visit by the African leader to the soon-to-be newest oil producer on the continent. Guyana’s President David Granger...
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Tullow set to spud first well offshore oil-rich Guyana within weeks

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UK-based Tullow Oil and its joint venture partners will spud their first well at the Orinduik Block offshore Guyana just miles away from the multi-billion barrel Stabroek Block where US oil major ExxonMobil has to date made a record...
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Stena Forth en route to Guyana for Orinduik drill campaign

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Eco (Atlantic) Oil & Gas Ltd. said on Monday the Stena Forth drillship has been mobilized and is now en route to Guyana from West Africa where it has been operating for Tullow Oil. The drillship is expected to...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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