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“My office is at the complete disposal of Dr. Bynoe” – Trotman

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Guyana’s Minister of Natural Resources Raphael Trotman has committed to supporting and working alongside the newly-appointed Head of the Department of Energy, Dr. Mark Bynoe in developing and administering the South-American nation’s oil and gas industry. Responsibility for Petroleum was...
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Compilation of Guyana’s first EITI report to begin by September

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The compilation of Guyana’s first Extractive Industries Transparency Initiative (EITI) report will commence by September 2018. So says the country’s Minister of Natural Resources Raphael Trotman, who was at the time speaking to media operatives on the sidelines of...
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Guyana private sector officials discuss major projects with Public Infrastructure Minister

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Public Infrastructure Minister David Patterson and a team from his ministry which included Minister in the Ministry Annette Ferguson on Friday held wide-ranging discussions with a delegation from the Private Sector Commission (PSC) on infrastructure projects covering a number...
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Noble Tom Madden awarded contract for Stabroek drill campaign – Noble Corporation

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Noble Corporation said on Thursday that the Noble Tom Madden has been awarded a contract for drilling operations offshore Guyana. The company made the announcement in its second quarter 2018 report. “Following the close of the second quarter, the drillship Noble Tom...
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ConocoPhillips sells Barnett shale play for $230M

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ConocoPhillips announced on Thursday, August 2, 2018 that it has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million plus net customary adjustments. Proceeds from this transaction...
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Guyanese President defends appointment of Energy Department Head

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Following criticisms of the appointment of Environment and Resource Economist Dr. Mark Bynoe as Head of Guyana’s Department of Energy, President David Granger on Thursday, August 2, 2018, defended the Government’s choice. In justifying the hiring of the former head...
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Preparations for operationalization of Guyana’s Department of Energy to commence

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Guyana’s Department of Energy, which will have oversight of the country’s emerging Oil and Gas (O&G) industry was on Wednesday, August 1, 2018, officially established, with the unit being formally listed in the South- American nation’s Official Gazette. With the...
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ExxonMobil to implement wide-ranging measures in the event of oil spill in Guyana

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ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has outlined a number of measures the company will take in the event of an oil spill from its Liza Phase 1 development. The company’s Oil Spill Response Plan (OSRP) was...
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Positive IMF global growth forecasts propel oil prices upwards

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Oil prices rose last week, after several significant political and economic developments around the world, including Saudi Arabia's suspension of oil shipments through a strait in the Red Sea following an attack on two oil tankers as well as eased trade...
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Shell Brazil invests in solution for inspecting FPSO tanks

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(World Oil) Aberdeen-based inspection technology and service provider for the oil and gas industry, Innospection, Shell Brazil and SENAI CIMATEC technology institute in Salvador, Brazil, have recently signed a partnership agreement to develop a robot-based technology for in-service inspection...
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SBM Offshore and Microsoft partner on AI-powered floating power solutions

SBM Offshore has announced a global collaboration with Microsoft to develop AI-powered floating power solutions. The partnership aims to...

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