News

OTC 2019: Interest in Guyana soars as companies ask; “how do we get in?”

A tremendous amount of interest is being shown in Guyana by visitors and participants at the Offshore Technology Conference, with a number of companies wanting to know, “how do we get in?” Greg Clarke of HFS Corporate Services Inc.,...

Newfoundland & Labrador set for drilling

(Upstream) The Canadian province of Newfoundland & Labrador is preparing for an increase in exploration drilling activity on recently awarded acreage that is set to begin this summer by ExxonMobil, followed next year by drilling campaigns from up to...

OTC 2019: Saipem makes presentation to Guyana delegation

Saipem on Wednesday made a presentation to the Guyana delegation at the Offshore Technology Conference (OTC 2019) being held in Houston, Texas, focusing on its ongoing installation operations for the Liza Phase 1 Development Project. Giorgio Martelli, President and CEO...

OTC 2019: GTT pursuing opportunities in offshore communications

Guyanese telecommunications company GTT, one of the more than 20 firms from South America’s newest oil and gas hotspot participating at the Offshore Technology Conference (OTC 2019), says it is actively pursuing opportunities in offshore communications. Eshwar Thakurdin, Director, Business...

Petrobras earnings take a hit

(Upstream) Braziian oil giant Petrobras registered a 42% drop in earnings in the first quarter, compared with the same period of 2018, but continued to make progress with debt de-leveraging. The state-controlled company posted net income of 4.03 billion reals...

Guyana Petroleum Summit set to delve into country’s prospects as new oil producer

The Guyana Petroleum Summit, set to take place on May 9 at the Marriott Marquis, Houston, Texas, is aiming to help draw the road map for how the South American country can best harness economic benefits from its emerging...

Majors driving rise in global discoveries; ExxonMobil most successful in Q1 2019

(Rigzone) Oil and gas exploration is off to an explosive start in 2019, with such majors as BP, Eni and ExxonMobil taking a bigger bite of the conventional resources discovered in the first quarter, according to a new report...

OTC 2019: Chamber President expects increased partnerships

Guyanese business representatives participating at the Offshore Technology Conference in Houston, Texas, are excited about the attention received on the first day of the event. The President of one of the largest groups representing businesses in the South American...

OTC 2019: “We’re emerging as an oil and gas nation” – GO-Invest CEO

CEO of the Guyana Office for Investment (GO-Invest), Owen Verwey, is heartened by the traffic passing through the Guyana Booth at the Offshore Technology Conference (OTC) currently taking place in Houston Texas, USA, saying that the opportunities for networking...

Major interest shown in Guyana on day 1 of OTC 2019

On just the first day of the Offshore Technology Conference (OTC 2019) Guyanese officials and business representatives are already reporting major interest being shown in the country by participants at the event. The 600 square foot Guyanese booth saw heavy...

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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...