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GOGA, Marak set to stage 1st local content conference in Guyana

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Following the massive oil discoveries offshore Guyana, the Guyana Oil and Gas Association (GOGA) says the country has an opportunity to achieve a new path of sustainable economic growth and development; through applicable Local Content Policies and Strategies that...
News

Upfront $70 million for restart of St Croix refinery delayed

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Senators in the United States Virgin Islands are concerned that a sum of $70 million representing an upfront payment for restarting operations at the refinery at St Croix has not been made and there is uncertainty as to when...
News

Tullow Oil plans to drill first Guyana well in third quarter of 2019

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(Reuters) - Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik license bordering discoveries by Exxon, a spokesman said on Wednesday. Exxon and U.S. partner...
News

Business group sounds warning over agreement to be signed between Guyana and Trinidad

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A sound warning was issued on Wednesday afternoon by the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana over a reported decision by the country’s government to enter into an agreement with Trinidad and Tobago. Speaking at an emergency...
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Energy agreement with Guyana to open pathway for TT companies – Rowley

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Trinidad and Tobago (TT) Prime Minister, Dr. Keith Rowley told an audience in Marabella on Tuesday evening that an agreement soon to be signed between the twin-island republic and Guyana will open the pathway for TT companies to benefit...
Exploration

Guyana’s oil fortune rapidly increasing

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‘Unprecedented’ is the one word that sums up the remarkable string of oil discoveries which US supermajor ExxonMobil has been making off the Guyana coast since 2015. The company’s success rate for finding crude in an area five and...
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Transocean leads in industry consolidation

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Transocean has become the market leader for consolidation in the offshore drilling industry with the announcement of its acquisition of Ocean Rig, according to Rystad Energy Senior Offshore Rig Analyst Liz Tysall. This acquisition adds nine high-spec ultra-deepwater drill-ships,...
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Argentina closes energy ministry, institutes new taxes

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As part of broad austerity measures to address a severe monetary crisis, gas-rich Argentina is dismantling its energy ministry and levying duties on all its exports. Following an announcement from President Mauricio Macri that the country will seek a faster...
News

Anadarko halts GoM operations ahead of ‘Gordon’

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US oil company Anadarko said on Monday that it has evacuated workers and shut down production on two oil platforms in the northern Gulf of Mexico following hurricane warnings, as tropical storm ‘Gordon’ approaches. The company, which has an exploration...
News

World-class Liza field accounts for 15% of all crude found globally since 2015

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UK-based industry analyst Wood Mackenzie says Guyana has been one of the most dominant players in the oil and gas industry since 2015 with a record number of discoveries being made, most notable of which are those in the...
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TT Energy Chamber flags long-term decline despite short-term gains in oil production

The Energy Chamber of Trinidad and Tobago is urging serious reform in the country's energy sector following the release...

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