News

‘The rush to Guyana will be unprecedented’ – Hughes tells TOTALTEC graduates

Partner in Guyanese law firm Hughes, Fields and Stoby, Nigel Hughes on Thursday called the third batch of TOTALTEC oilfield operator graduates “pioneers” of Guyana’s nascent oil and gas industry and said that they will be a part of...

Telecoms must meet needs of expanding O&G industry – Cathy Hughes

Guyana’s Minister of Public Telecommunications, Cathy Hughes, says her ministry is putting much thought into the role it must play in the emerging oil and gas sector. Speaking on the “Budget in Focus” programme on the South American country’s National...

Canada joins oil cut drive as Alberta seeks to ease glut crisis

(Bloomberg) Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan announced Sunday will reduce production of raw...

SRSGY, TOTALTEC team up to push O&G capacity building for Guyanese

TOTALTEC Academy commenced its first Slinger/Banksman Safety and Operational training to the oil and gas industry in Guyana. The academy commenced the training with 23 Strategic Recruitment Solutions Inc. maritime personnel. The International Petroleum and Maritime Academy (IPMA), with whom...

Tullow farms into Comoros

Tullow Oil plc which has a 60% working interest in the Orinduik block offshore Guyana, announced on Thursday that it has agreed with Discover Exploration Ltd to farm into Blocks 35, 36 and 37, offshore the Union of the...

Scotiabank Exit: with coming oil bonanza ‘no reasonable int’l business would want to stay out’ – Jordan

Guyana's Finance Minister, Winston Jordan says at a time when the South American country is set to benefit immensely from oil production revenue and the associated business opportunities the industry brings, 'no reasonable int'l business would want to stay...

Eco Atlantic ‘fully funded to drill’ with completion of Total farm-out in Guyana

Eco (Atlantic) Oil & Gas Ltd which has licenses in highly prospective regions offshore Guyana and Namibia, announced on Thursday the completion of its Farm-Out Agreement with Total Petroleum's subsidiary Total E&P Activités Pétrolières on Eco's Orinduik block, offshore...

Guyanese Trade Mission “encouraged” by discussions in Aberdeen

One day into a trade mission to Europe’s Energy Capital, Aberdeen, several companies expressed interests in partnering with Guyanese businesses in the emerging Oil and Gas industry. Guyanese High Commissioner to the UK, Frederick Hamley Case and his British counterpart...

‘Long-lasting’ relationship being forged between Guyana and North Sea

(Energy Voice) Diplomats yesterday praised the “long-lasting relationship” being forged between Aberdeen and the South American nation of Guyana, while on a trade mission to the city. The Guyanese ambassador to the UK, Frederick Hamley Case and the British high...

Deepwater CAPEX to hit US$60B by 2022: Guyana among countries pushing rise

South American emerging oil and gas powerhouse, Guyana, is listed among a handful of countries pushing a rise in annual deepwater capital expenditure. In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following...

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Guyana and global oil exports marked safe as US market tariffs hit other industries

By Alana Nadir The energy industry was marked safe from sweeping tariffs announced this week by U.S. President Donald...