News

Venezuela says it will not participate in ICJ proceedings

Venezuela made it known on Monday that it will not be taking part in the proceedings at the International Court of Justice initiated by Guyana over a border controversy spanning several decades. A Communique issued by the Venezuelan government states...

Uruguay and oil hopes: a permanent bidding round scheme, after failure of latest auction

(MercoPress) Uruguay will move towards a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview. Uruguay...

St Vincent feeling squeeze of US sanctions on Venezuela

(CMC) — Prime Minister Ralph Gonsalves says he has received no indication that the State-owned oil and natural gas company, Petróleos de Venezuela (PDVSA) in Venezuela has suspended fuel shipments to St Vincent and the Grenadines under the PetroCaribe agreement. He,...

New Guyanese recruitment firm eyeing opportunities in O&G

100% Guyanese-owned Strategic Recruitment Solutions (SRS) is gearing up to offer a range of manpower services with special focus on the South American country’s emerging oil and gas sector. Through an “ethics first” approach the company is aiming to be...

CDC confirms small traces of gas detected in Diamond eruption

Initial tests conducted on Friday morning at a property at Sixth Avenue, Diamond, East Bank, Demerara, Guyana, where an eruption of muddy substance occurred on Thursday, have shown a small concentration of hydrogen sulfide and methane gas. Director General (ag)...

Guyana at heart of regional deep water province – Ramnarine

In what is being described as the emergence of a regional deep water province, former Trinidad and Tobago Minister of Energy and Energy Affairs, Kevin Ramnarine, believes that Guyana lies at the heart of this petroleum-rich geological system. After Tullow...

Fmr CXC Registrar calls for overhaul of curriculum to cater for O&G

Senior Assistant Registrar (retired) for the Caribbean Examinations Council (CXC), Dr. Gordon Harewood, said Guyana is on the verge of exciting times in the history of the country. Speaking at a workshop for Senior Education Officials on curriculum review at...

Global oil and gas explorers hope for brighter future – Wood Mackenzie

The global oil and gas exploration sector has emerged from the downturn, leaner and keener than before, said Dr. Andrew Latham, vice-president for global exploration at Wood Mackenzie, during the annual European Association of Geoscientists and Engineers (EAGE) Conference. According...

Venezuela to suspend oil delivery to some C’bean countries

(CMC) — Venezuela's state-owned oil and natural gas company, Petróleos de Venezuela (PDVSA) has announced plans to suspend petroleum deliveries to some Caribbean countries under its Petrocaribe agreement. A report from the South American country's Oil Ministry said the move...

TechnipFMC, DOF Subsea announce start of charter contract with Brazil’s Petrobras

TechnipFMC and DOF Subsea (DOF) announced on Thursday that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro...

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Guyana tops rankings in total oil discovered since 2015 – Rystad Energy

Since 2015, Guyana has emerged as the global leader in oil discoveries, with unmatched volumes boosting its position in...