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‘Adams and Bynoe are key pieces of the puzzle’ – ASEA Director

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As an emerging oil and gas producing nation, Guyana must look to employ the ‘best’ at the top level of institutions that would be tasked with regulating the sector. So says Carlos de Regules, the founding Director of Mexico’s...
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$20 oil? Welcome to Canada, where crude prices haven’t recovered

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Western Canada Select slumped below $20 a barrel on Thursday, the lowest in more than two years, continuing a brutal streak of declines for the country’s main grade of crude, Bloomberg said in a report on Thursday. The drop has...
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“We do not want to send mix signals to contractors, operators” – EPA boss

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Guyana’s Environmental Protection Agency (EPA) and the Department of Energy must work closely to support the Government’s policy for the oil and gas sector. This is the view of the newly appointed Director of the EPA, Dr. Vincent Adams,...
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Brazil was forced to ease local content rules after oil output dropped significantly

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Under stringent local content requirements in the South American country of Brazil, oil production and the growth and development of the petroleum industry were significantly affected. The government was forced to take steps to loosen local content rules that...
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Kosmos comes up dry again offshore Suriname

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Kosmos Energy said on Wednesday it was abandoning the Pontoenoe-1 well offshore Suriname after failing to find oil. This is the second dry well in a row drilled by the company in the Dutch-speaking South American country. The company came...
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Guyana poised to be world’s largest oil producing country per person in 2020s

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Ahead of Kuwait, Saudi Arabia, Brunei and Norway, the South American nation of Guyana, with a projected output of 700,000 barrels per day among just 770,000 people, is set to be the world’s largest oil producing country per person...
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IEA urges OPEC to open the taps as oil market enters ‘red zone’

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(Bloomberg) The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy. “We should all see the risky situation, the oil markets are...
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ADNOC, Baker Hughes in strategic partnership

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Abu Dhabi National Oil Company (ADNOC) and Baker Hughes, a GE company (BHGE:NYSE) on Monday, October 8, signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC’s subsidiary, ADNOC Drilling, into a fully-integrated...
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New Zealand gov’t introduces bill to halt new offshore oil exploration

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(Xinhua) -- The New Zealand government has introduced a bill to give effect to its decision to halt the offering of new offshore oil and gas exploration permits, and has kept its commitment to protect existing permits. Prime Minister Jacinda...
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‘Honest leadership’ needed if oil money is to transform villages – PM Nagamootoo

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Guyana’s Prime Minister, Moses Nagamootoo told a gathering of party supporters and candidates for the upcoming Local Government Elections in the South American country that responsible and honest leadership is needed at the local level to spend coming oil...
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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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