News

Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce Friday that deepwater production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos...

As Guyanese continue to ask questions about how best they can ensure revenues collected from oil production is not misused, a visiting UK professor reminded over a hundred persons gathered at a forum last week, that they “have the...

(Reuters)Venezuela has arrested the manager of the Petropiar heavy crude upgrader, owned by state oil company PDVSA and US major Chevron, for alleged "irregularities" in contracts awarded in the oil-rich Orinoco Belt. Francisco Velasquez was detained on 13 May and...

Regardless of the market price for oil, revenues from production will always be significant. According to an analyst in the industry, the going price per barrel therefore has little direct impact on the extent of corruption. But a weak regulatory...

A political risk analyst in the oil and gas industry said today at an energy conference in California that while the Guyana Gov't is "sending right signals" and appears to be “pro-business” the critical issue of transparency in the South American...

Guyana’s success as an oil producing nation will depend heavily on the regulatory framework that is established and the transparency of agencies overlooking the operations of the oil and gas sector. Experts attending an energy conference in the US...

The Institute of the Americas 26th annual La Jolla Energy Conference got underway today in San Diego, California marking the beginning of two days of dialogue and debate on the future of sustainability and energy policy in the Americas. Brazil...

ExxonMobil on Wednesday handed over a cheque in the amount of US$25,000 from the ExxonMobil Foundation to the Guyana Civil Defence Commission (CDC), the agency spearheading the coordination of relief efforts following widespread flooding in remotes areas in the South...

The Guyana Oil and Gas Association (GOGA) believes the greatest benefit from a country’s natural resources lies in the ability to add value, and this must be carefully considered in the case of oil production, set to begin in...

Increasing oil and gas production and exploration from the offshore fields and the rising development of shale drilling regions are expected to drive the demand for the offshore mooring market. Innovation of new technologies for development of new systems in...