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Trump blocks Exxon from drilling for oil in Russia

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(CNN) The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia. "The Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," Treasury Secretary Steven...
News

Guyana to establish national oil company by 2018, petroleum institute in 2020

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Major plans are being put in place in preparation for oil production in the South American nation of Guyana where recent large discoveries of high quality crude were made 120 miles offshore. The country’s natural resources minister, Raphael Trotman,...
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EPA expects full consultation as Guyana gears up for oil production

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With oil production set to begin in Guyana by 2020, the country’s Environmental Protection Agency (EPA) said it expects to be fully consulted on environmental management and sustainable use of the South American nation’s natural resources. EPA’s representative, Aminah Damon,...
Exploration

Hess to plug US$475M into Stabroek block offshore Guyana this year

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Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of Guyana this year. The now world-famous oil field is home to the Liza and other...
Discoveries

Exxon to carry out exploratory work in newly acquired Kaieteur block, drilling to begin at Liza-4 well

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US oil major ExxonMobil will soon begin preliminary exploration work in the Kaieteur block, an area adjacent to the Stabroek block offshore Guyana, which the company recently acquired. Drilling will also commence at the Liza-4 well in the eastern...
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BP starts up onshore compression project in T&T

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BP Trinidad and Tobago LLC (bpTT) announced on Thursday the start-up of the Trinidad onshore compression (TROC) project - one of seven major upstream projects BP expects to bring online in 2017. Full start-up will take place over the next...
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Guyana Oil Find: Petroleum Bill for Select Committee

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GEORGETOWN, Guyana - The Petroleum Commission of Guyana Bill 2017 - the legal architecture for the Petroleum Commission of Guyana – is set to be taken to a Special Select Committee following its tabling in the National Assembly. The Bill,...
Exploration

Oil Finds: Guyana’s PM says country guarding against “sleaze, malfeasance”

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The Guyana government is forging ahead to establish laws and the essential framework necessary to ensure transparency and accountability at all levels within the emerging oil and gas sector. The country’s Prime Minister, Moses Nagamootoo, recently outlined ongoing initiatives, which...
Discoveries

Former Alberta Premier urges full transparency in Guyana’s oil & gas industry

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During the recent inaugural Oil and Gas Conference and Exposition hosted by the Guyana Oil and Gas Association (GOGA), held at the Guyana Marriott Hotel in Georgetown, (March 26-28, 2017) participants (including various stakeholder groups and Government Officials) were...
News

Guyanese being urged to guard against bogus oil & gas learning institutions

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Authorities in Guyana are urging citizens to guard against signing up for oil and gas academic programmes being offered by institutions with no legal standing. In a statement on Saturday, the country’s Ministry of Natural Resources said it is urging...
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SBM Offshore targets 25% female participation in training programs

SBM Offshore Guyana is working to boost female participation in its training programs, aiming for a 25% representation, its...

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