News

The Guyana Shore Base Inc. (GYSBI) and TOTALTEC Oilfield Services will be collaborating to recruit and train over 120 Guyanese in basic safety and oilfield operations to enable them to successfully join and participate in the South American country’s...

The deepwater reservoirs in Guyana’s Stabroek block where more than 5.5 billion barrels of oil have been found rank among the best in the world for quality and are expected to deliver high productivity. This is according to Chairman...

(S&P Global Platts) Shell pledged Tuesday to continue growing its oil and gas production over the coming decade by spending more developing its shale assets while holding output steady from deepwater and conventional upstream projects, despite escalating climate concerns...

Kosmos Energy (NYSE: KOS) (LSE: KOS) announced on Tuesday an oil discovery at Gladden Deep in the US Gulf of Mexico (GOM) where the company has a 20% working interest. Gladden Deep is a sub-sea tie back which is expected...

Staatsolie Maatschappij Suriname N.V. and Trinidad and Tobago’s Decker Petroleum Marketing Co. LTD, have signed a production sharing contract for the Nickerie block. Decker will explore the Nickerie block for oil and gas. The duration of the contract, signed on...

(Bloomberg) Chevron Corp. is lobbying the U.S. for sanctions relief so it can continue doing business in oil-rich Venezuela where President Donald Trump has been pushing for regime change. Chevron executives have been telling local staff that the company expects...

Director of Guyana’s Department of Energy (DE), Dr. Mark Bynoe said the sustainable development of Guyana’s hydrocarbon discoveries and the revenues it will generate have the potential to place the country on a sustainable development pathway.  According to a...

As more stakeholders continue to speak out regarding an apparent investigation being conducted by an anti-corruption agency in Guyana over the award of oil blocks in the lead up to the 2015 national elections, two partners in the Canje...

Guyana’s former President, Donald Ramotar, who held direct responsibility for petroleum at the time offshore oil blocks, which are currently the subject of an anti-corruption probe, were awarded, is calling the investigation a political ploy designed to distract from...

Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, according to Rystad Energy. Thanks to an impressive sprint, Royal Dutch Shell has started producing oil and gas at its Appomattox...