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Guyana’s Natural Resources Ministry offers clarification on role in placement of cost recovery advert

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Guyana’s Ministry of Natural Resources (MNR) said on Monday that it remains the accounting agency for the Department of Energy (DoE) “only for procurement aspects and disbursement of funds” until budget 2019. The Ministry was at the time offering clarification...
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Head of Energy Dept. outlines five principles on which Guyana’s O&G sector is to be streamlined

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Head of Guyana’s Department of Energy, Dr. Mark Bynoe says every effort will be made to streamline operations in the country’s emerging oil and gas sector. He was speaking at a welcome reception at the residence of the Canadian High...
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Guyana looking to learn from experiences of Newfoundland and Labrador as MoU on O&G cooperation is inked

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The Government of Guyana and the Canadian Province of Newfoundland and Labrador signed a Memorandum of Understanding (MOU) on Monday at the Ministry of the Presidency, in the South American country’s capital, Georgetown. The MOU is intended to foster greater...
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Veiled Saudi threat boosts oil prices already moving toward $100

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The global oil market that’s already being squeezed by U.S. sanctions on Iran is now being rattled by the risk of potential American action against another OPEC member, Bloomberg said in a report on Monday Speculation is rising over whether...
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Who knew? These countries are all oil producers

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(New York Times) Some oil-producing countries are well known: The three top crude suppliers, of course, are Russia, Saudi Arabia and the United States. But almost 100 countries have tapped the oil reserves within their territories to produce a...
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Oil galore in Guyana but not a drop found yet offshore Suriname

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The Guyana-Suriname Basin is said to contain 13 to 15 billion barrels of oil but so far the basin seems to be tilted in the direction of the lone English speaking country on the continent. ExxonMobil has made a...
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50-member strong Canadian mission due in Guyana, MoU on O&G to be signed

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The High Commission of Canada and the Province of Newfoundland and Labrador are collaborating with the Government of Guyana through GO-Invest to bring a Canadian oil and gas trade mission of approximately 50 persons from the province’s offshore oil...
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100 million barrels: the world hit a daily oil and liquids record

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The world is pumping out more oil and other petroleum liquids than ever before. Bloomberg said in a report on Thursday Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday...
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ExxonMobil expects FID on Liza Phase 2 within months

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Pending the granting of approval from the Environmental Protection Agency (EPA) in Guyana, US oil major ExxonMobil could make its Final Investment Decision on the giant Liza Phase 2 Development project within months. The company is awaiting Environmental Authorization from...
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Noble Tom Madden will deploy to south portion of Stabroek Block for Pluma drill campaign

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ExxonMobil Guyana is eagerly awaiting the arrival of its third drillship; the Noble Tom Madden, which will begin searching for oil at the Pluma prospect in the south portion of the Stabroek Block by the end of October. The company’s...
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An inside look at the complex nature of moving a drillship 

Relocating a drillship requires careful planning and execution, according to Richard Wells, International Logistics Manager at Stena Drilling, who...

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