News

Trump dangles investment to Caribbean leaders who back Venezuela’s Guaido

(Reuters) - U.S. President Donald Trump pledged investment in a rare meeting on Friday with five Caribbean leaders who have sided with the United States in backing Venezuelan opposition leader Juan Guaido as head of state, the White House...

Saipem wins Spotlight on New Technology award for oil spill response

Italian-based oil and gas contractor Saipem has won the Spotlight on New Technology award by OTC - Offshore Technology Conference, one of the most important international oil & gas industry events. OTC will be held from May 6-9 and as...

Outside of China CNOOC only found oil in Guyana during 2018

China’s CNOOC Limited made a total of 17 commercial discoveries in 2018, 5 of which were made in the Stabroek Block offshore Guyana which represents all of the company’s overseas discoveries for that year. The other 12 discoveries were...

Nigeria local content body says Samsung has transformed country into FPSO construction hub

Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) units in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared, according to a...

Economy center stage in April election in Canada’s Alberta province

(Reuters) - The western Canadian province of Alberta will hold an election on April 16, kick-starting a contest that many polls suggest will result in a change of government in the country’s oil-producing heartland as it struggles with a...

America imported no oil from Venezuela last week. Here’s why that’s a big deal

(CNN Business) America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation. The United States imported exactly zero barrels of crude from Venezuela last week, according...

2 dozen Guyanese to join more than 1,000 working on Liza Phase 1 project

Twenty-four Guyanese will soon join the more than one thousand nationals already working on ExxonMobil’s Liza Phase 1 Development project in the South American country of Guyana. The 24 persons, inclusive of two females, will be assigned to the Liza...

US company Harvey Gulf is aiming for 100% local content in Guyana

Harvey Gulf International Marine, one of the top marine transportation companies globally, has identified Guyana as its latest investment destination. The US-based company specializes in providing Offshore Supply and Multi-Purpose Support Vessels for deepwater operations. A team from the company is...

TechnipFMC awarded major subsea contract for Equinor Johan Sverdrup Phase 2

TechnipFMC has been awarded a major subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 meters. The contract covers the delivery and installation...

Eco Atlantic upgrades oil and gas resources in Guyana field

(Reuters) - An oil and gas field off Guyana’s coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September, Eco said...

Latest News

Guyana and Suriname leaders advance talks on trade, energy, and connectivity at high-level meeting

Joint Statement - Meeting Between Jennifer Geerlings- Simons, President of the Republic of Suriname and Dr. Mohamed Irfaan Ali,...