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‘We must put up a good fight to cash in on O&G opportunities’ – Guyana Business Minister

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Guyana’s Minister of Business, Dominic Gaskin, said if the country wants to maximize the full value of local content from the oil and gas sector then it needs to build local capacity. The Minister was at the time delivering an...
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“We have to take energy seriously” – Guyana President tells residents in remote border village

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Villagers in the remote Rupununi - an area located in the south-west of Guyana bordering the Brazilian Amazon - are being urged to harness the power of the sun to push economic diversity. The charge was given by President...
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Brazil’s Petrobras to pay $853.2 million in penalties

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(AP) — Brazil's state oil company Petrobras said Thursday it had agreed to pay more than $850 million in penalties for bookkeeping violations related to bribes to Brazilian politicians and political parties. Petrobras said in a securities filing that the...
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CNOOC considering selling US oil assets as Guyana discoveries redefine company’s perspective

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China’s CNOOC which owns a 25 percent interest in the Stabroek Block offshore Guyana is considering selling parts of its U.S. oil assets in the Gulf of Mexico, Reuters reported a company spokesperson as saying on Thursday.  The spokesperson...
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Total sees $100 oil coming and says it may not be a good thing

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(Bloomberg) Total SA is among a growing chorus that sees $100 oil on the horizon. But the French energy giant isn’t thrilled about it. Chief Executive Officer Patrick Pouyanne sees supportive elements, such as looming sanctions on Iran and disruptions in...
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World Bank funding to help expedite ExxonMobil cost recovery audit

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Guyana’s Opposition Leader, Bharrat Jagdeo, had suggested that the Government should consider hiring external experts to audit the pre-production cost incurred by ExxonMobil in its operations offshore, particularly since the Guyana Revenue Authority (GRA) is already overburdened with work. In...
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Int’l expert due in November to aid GRA in setting up O&G unit – Statia

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Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia told media operatives on Wednesday that an ‘in-house expert’ for the soon-to-be functional oil and gas unit within the GRA has been recruited. Statia pointed out that, “He would be with...
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No guarantee other oil companies in the Guyana Basin will strike it big like Exxon – Wood Mack

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The Guyana-Suriname Basin is a vast expanse of deep to ultra-deep water with multiple play types where, despite ExxonMobil’s unprecedented success, exploration is still a high-risk venture. But Exxon’s 9 discoveries, which to date, amounts to more than 4...
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“We work with an ethical supply chain that values women, men and different races” – Saipem President

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Italian oil and gas industry contractor, Saipem, on Tuesday facilitated a safety leadership forum in Guyana at ExxonMobil’s Centre for Local Business Development. Saipem is one of the primary contractors for the US oil major in Guyana and was recently awarded...
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Total eyes deepwater expansion to 2025, scope for new projects

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(S&P Global Platts) Total expects its deepwater oil and natural gas production to grow by more than 40% to around 500,000 b/d of oil equivalent by 2025 on the back of new projects in offshore Brazilian and Gulf of...
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Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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