News

Brazil senate approves transfer of rights oil settlement with Petrobras

(Reuters) - Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that still needs to pass the lower house to clear way...

PCJ confirms discovery of oldest live oil seep in Jamaica

(Jamaica Observer) Tests carried out by two separate independent laboratories have confirmed that an oil seep identified in 2018 by the Petroleum Corporation of Jamaica (PCJ) is the island's third onshore live oil seep. PCJ said in a release yesterday...

Georgetown, Aberdeen Chambers sign MoU at Offshore Europe

The Georgetown Chamber of Commerce and Industry (GCCI) and the Aberdeen & Grampian Chamber of Commerce signed a Memorandum of Understanding (MoU) on Tuesday, September 3, 2019 at the Society of Petroleum Engineers (SPE) Offshore Europe Conference and Exhibition. President...

Liza Destiny helideck gets certification

On Tuesday, the Floating, Production, Storage and Offloading (FPSO) vessel, Liza Destiny, received its first helideck inspection certificate from the Guyana Civil Aviation Authority (GCAA). A helideck is a platform on a vessel or offshore structure, which allows helicopters to...

Industry must adapt or go the way of the dinosaurs – Total CEO tells Offshore Europe

(Energy Voice) CEO Patrick Pouyanne delivered the keynote address at the opening day of Offshore Europe at the new P&J live venue. The industry heard how climate change is the single greatest challenge facing the industry, jeapordising its license to...

More than 100 persons participate in oil spill emergency response training

More than 100 persons have participated in emergency response training organized by ExxonMobil Guyana as part of its continued effort to prepare in the unlikely event of an oil spill. The two day activity followed extensive training in the Incident...

T&T exploration in decline as Guyana fast-becoming regional centre of attraction

As petroleum exploration activities offshore Guyana intensify with more than six billion barrels of oil already discovered by ExxonMobil and other explorers gunning for more, neighbouring Trinidad and Tobago (T&T) is beginning to feel the effects, losing human and...

Offshore Europe: Guyana Pavilion set to connect industry players

The Society of Petroleum Engineers (SPE) Offshore Europe Conference and Exhibition will begin on September 3 through 6 in Aberdeen, Scotland. Energy business professionals will have an opportunity to learn more about South America’s newest oil and gas hotspot...

Energy Department wants oil money to be used for ‘no-regrets investments’

Guyana’s Department of Energy wants oil revenue to be used to pursue investment initiatives that are feasible and intends to advise government against plugging cash into ventures that could result in future regrets. So says Energy Department Director Dr....

Stabroek co-venturer CNOOC’s net profit surge at H1 2019

In announcing its interim results for the six months ended June 30, 2019, CNOOC Limited said on Thursday in the first half of the year the company made 16 new discoveries – of which 3 were made in Guyana...

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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...