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ExxonMobil strikes oil again in 9th discovery off Guyana coast

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ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters)...
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Guyana must walk tightrope to develop oil resources, demand more from future contracts – Brookings Institution

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Guyana will face significant challenges in using the oil and gas industry to bring about development without the “resource curse,” where petroleum revenues generate concentrated wealth and harm the competitiveness of other industries within the country. A July 2018 report...
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Refinery closure could trigger ripple effect on Trinidad economy – Ramnarine

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Former Minister of Energy and Energy Affairs of Trinidad and Tobago Kevin Ramnarine says the communities in direct proximity to Petrotrin’s Pointe-a-Pierre refinery stand to lose the most with the shutting down of the facility which will have a...
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Harvey Gulf expanding to Mexico, Trinidad and Guyana

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Harvey Gulf International Marine, a U.S. Gulf of Mexico focused offshore support vessel owner is expanding its scope and targeting new markets in Mexico, Guyana, and Trinidad, Offshore Energy said in an August 29 report. The company on Wednesday said...
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Mexico gov’t may be looking to halt open bidding for oil blocks – Reuters

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The incoming government of Mexico may be considering suspending auctions for oil and gas projects in favour of direct negotiations Reuters reported on Wednesday. Mexico’s state-owned petroleum company Pemex could be given the authority to pick its own joint-venture partners...
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Rigzone: Report envisions 30,000 new offshore Brazil jobs

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Wood Mackenzie contends that Brazil's mature Campos basin oil fields could produce an extra 230,000 boepd with the right investment, reports Rigzone. Spending $8 billion to redevelop the mature oil fields in Brazil’s Campos basin rather than incurring that amount in decommissioning...
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Amendments to Companies Act needed to ensure those benefiting from O&G are ‘local’ – GCCI President

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Amendments may have to be made to sections of Guyana’s Companies Act to ensure that businesses registered to operate in the South American country have put adequate measures in place to be considered ‘local’, and in so doing, benefit...
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Kamla Persad-Bissessar calls for pragmatic approach to Petrotrin’s restructuring

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Trinidad and Tobago’s Leader of the Opposition Kamla Persad-Bissessar has urged the country’s Government to take a cautious and pragmatic approach to the restructuring of state-owned petroleum company Petrotrin. On Monday, it was announced that Petrotrin would be shutting down...
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Guyana Government appoints Matthew Wilks as O&G Advisor

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The Government of Guyana has confirmed the appointment of Matthew Wilks to the post of Oil and Gas Advisor in the newly created Department of Energy which operates under the aegis of the Ministry of the Presidency. A press release...
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2,600 workers to be impacted as Petrotrin shuts down operations

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The closure of Trinidad and Tobago’s Petrotrin refinery was confirmed on Tuesday, August 28, following a meeting between the Board of Directors, union representatives and the company’s management. The Pointe-a-Pierre refinery’s operations will end entirely and Petrotrin will move to...
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Meet Elroy Vankennie: GYSBI’s first Guyanese QHSSE Manager 

Elroy Vankennie is the first Guyanese to hold the role of Quality Health Safety Security and Environment (QHSSE) Manager...

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