News

Touchstone Exploration Inc. has successfully reached its target production rate at the Cascadura project within a week of the project coming online. The company announced that it achieved its forecasted Cascadura gross natural gas production rate of 60 million...

President of Guyana, Dr. Mohamed Irfaan Ali, is staunchly reaffirming Guyana’s right to pursue economic activities within its territory, after a recent statement by the Bolivarian Republic of Venezuela condemning Guyana's offshore licensing round. In the official release, Venezuela stated:...

Guyana's Vice President, Dr. Bharrat Jagdeo, announced during a recent press conference that the country is set to release a draft of its gas strategy within the next two weeks for public consultation. This comes as part of the...

SBM Offshore and Mitsubishi Heavy Industries Ltd. (MHI) have unveiled a significant stride toward reducing greenhouse gas emissions from floating production, storage and offloading vessels (FPSO). They announced a Partnership Agreement that aims to provide a carbon dioxide (CO2)...

Ontario-based Dunn, Pierre Barnett & Company Canada Ltd has stepped forward in response to Guyana's Ministry of Education's call for technical and financial proposals to conduct a national skills audit for the South American nation.  A bid from the firm...

Norwegian offshore support vessel firm DOF announced on Sept. 18 that it has won three new service contracts with the Brazilian oil giant, Petrobras. The contracts were awarded to DOF through a competitive bidding process and encompass services within...

While Guyanese authorities can be commended for aggressively channeling a portion of its oil revenues to public infrastructure and social welfare development, the International Monetary Fund (IMF) has recommended that there be periodic reviews of such expenditure. The financial...

An Environmental Impact Assessment (EIA) submitted by ExxonMobil for its latest proposed project in Guyana shows that the country's regulations for flaring at the start-up phase of oil production are stricter than those of the United States.  ExxonMobil’s Whiptail Project,...

Guyana’s Vice President, Dr. Bharrat Jagdeo recently highlighted the complexities and challenges surrounding oil block auctions, cautioning that the industry is not a guaranteed 'gold mine' as perceived by some critics. At a press engagement last week, the official...

TGS, a provider of energy data and intelligence, recently announced that it can now provide access to derivative standardised well data from 300 wells in Trinidad and Tobago’s onshore and offshore basins.  TGS said its well packages are interpretation-ready and...