News

BP to scale down gas production in Trinidad & Tobago by 15 percent

Reports are that BPTT, said to be the largest gas producer in Trinidad and Tobago, will reduce its gas production by up to 300 million standard cubic feet per day in 2020 and 2021, constituting a 15 percent drop...

TOTALTEC to establish O&G finishing school with firefighting, survival training capabilities

Since opening its academy in 2018, TOTALTEC has trained 150 Guyanese in safety and basic operations for work in the South American country’s emerging oil and gas industry and the company has plans to further expand these capabilities. Chairman and...

Guyana was not adequately represented by gov’t at OTC – Opposition Leader

As Guyana moves closer to producing its first barrel of oil, just months away, the country’s opposition leader is calling on the government to ramp up its preparation for production and to do more to better position Guyana on...

ExxonMobil gets approval for Mozambique Rovuma LNG project

Mozambique Rovuma Venture said Tuesday that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique,...

Houston was good for Guyana; next up: Aberdeen – British High Commissioner

British High Commissioner to Guyana Greg Quinn is hopeful that there is a contingent from South America’s newest oil and gas hotspot to an Aberdeen oil and gas conference billed for September 2019 since the country will benefit from...

Stabroek co-venturer CNOOC looking to expand presence in Brazil

Chinese oil company CNOOC Ltd, a co-venturer in Guyana’s Stabroek Block, wants to expand in Brazil and is considering bidding in an auction of offshore exploration blocs in the pre-salt area set for later this year, the head of...

T&T, China governments partner on ship facility construction

Trinidad and Tobago’s CNC3 is reporting that the government of the oil producing Caribbean nation is working closely with the Chinese government to build a ship servicing facility there as part of an initiative to diversify the economy away...

Guyana Shore Base eyeing expansion to double its capacity

Guyanese majority owned Guyana Shore Base Inc. (GYSBI) will double its capacity in phase 2 of its expansion programme which will see the facility’s usable area and wharfage increasing by over 100%. Under its Phase 2 Expansion Programme, GYSBI plans...

Dyna-Mac awarded contract for Liza Unity topsides

Singapore-based Dyna-Mac will be working on the topside modules for the 220,000 bpd Liza Unity floating production storage and offloading vessel for ExxonMobil’s second development offshore the South American country of Guyana. According to a report in Upstream, Dyna-Mac confirmed...

‘Guyana’s 1 barrel per person per day will be truly transformative’ – Chatam House Researcher

The South American country of Guyana is on course to produce 750,000 barrels of oil per day by the mid-2020s, which, with its small population of equal number, makes the potential for massive transformation tremendous. Speaking at the Guyana Petroleum...

Latest News

Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...