News

Institute launched to boost maritime safety in oil and gas industry

Combining courses being offered in the Maritime and Petroleum sectors, two local institutions have partnered to launch the Maritime Safety Training Institute (MSTI). The institute was on Thursday morning launched by MATPAL Marine Institute which operates out of the Critchlow...

Guyana “monitoring” Russia/Venezuela military exercises

The Ministry of Foreign Affairs in Guyana says it is monitoring developments regarding military exercises between Russia and Venezuela in that neighbouring country. International media reported that two Tu-160 bombers landed in Venezuela on Monday in a Russian show of...

Tullow eyeing potential 4 billion barrel ‘game changer’ off Guyana coast

United Kingdom based oil and gas exploration company Tullow is confident that it will strike oil off the Guyana coast where it has a 60% equity in the Orinduik Block and 37.5% equity in the Kanuku Block. Tullow’s Executive Vice...

University of Guyana gets US$40,000 in equipment from ExxonMobil

ExxonMobil Guyana on Tuesday donated US$40,000 in equipment to the University of Guyana’s Faculty of Natural Science. Since 2015, through its long-standing relationship with the university, the company has supported various projects. The highly specialised equipment included; a Baader Multi-Purpose...

Brazilian regulator IBAMA denies Total license for offshore drilling

Brazilian federal environmental regulator IBAMA has denied French oil company Total a license to drill in the environmentally sensitive Foz do Amazonas Basin, accusing the company of failing to submit documents and complete impact studies despite several requests. The discovery...

U.S. expected to end 2018 as world’s top oil producer: EIA

(Reuters) - U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end...

Guyana ratifies conventions to protect against oil spills – Greenidge

Guyana’s ratification of several international conventions has been approved by Cabinet. These are aimed at, among other things, strengthening the country’s legal framework for the emerging Oil and Gas industry. This was announced by the country’s Foreign Affairs Minister Carl...

Stabroek Block explorers have a lot riding on Guyana

The expectations from the giant oil discoveries in Guyana continue to take centre-stage in the growth plans and projections of venture partners ExxonMobil, Hess and CNOOC. With a record 10 discoveries to date amounting to more than 5 billion barrels...

Hess to plug hundreds of millions into Guyana operations in 2019

Hess Corporation (NYSE:HES) said on Monday it intends to plug several hundred million dollars into exploration and development operations offshore Guyana in 2019 as part of what the company describes as its ‘peak spend year’ for the Liza Phase 1...

ADNOC is championing Blockchain and other emerging technologies

(Oil & Gas Technology) The Abu Dhabi National Oil Company (ADNOC) has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to integrate oil and gas production across the full value chain. The groundbreaking system provides a secure...

Latest News

Guyana hits record three-quarter million barrels of oil per day

Total offshore production from Guyana’s Stabroek Block has hit over 700,000 barrels of oil per day, President of ExxonMobil...