News

Kosmos Energy’s Ensco DS-12 drillship is on location approximately 17 km east of the Guyana-Suriname maritime boundary in its new search for hydrocarbons at the Pontoenoe-1 prospect on Block 42 offshore Suriname. OilNOW understands the Ensco DS-12 arrived on location...

When initial discussions took place on what the requirements should be for the person to head Guyana’s new Department of Energy, expertise in the area of oil and gas was one of the main criteria. Speaking to OilNOW from Houston,...

The Guyana Extractive Industries Transparency Initiative (GYEIT) is currently engaged in an awareness campaign, aimed at educating students and Lecturers of Technical Institutes across Guyana, particularly those studying in the extractive fields, on the importance of the implementation of...

-Constitutional reform vital to independence of oversight of oil and gas revenues Former Minister of Natural Resources and the Environment Robert Persaud cautioned that the country must not be dependent only on multinational agencies for advice but listen to the...

Italian-based Saipem, one of ExxonMobil Guyana’s prime contractors, is once again in search of services for its operations in the South American country. Saipem America Guyana Branch is inviting companies to express interest in bidding for the provision of a...

A branch of the American Chamber of Commerce (AmCham) was launched on Monday evening in the South American country of Guyana, at the Guyana Marriott Hotel in the country’s capital city, Georgetown. With the country racing towards becoming an oil...

US Ambassador to Guyana, Perry Holloway, says while there have been some countries around the world that have tried direct cash disbursements to citizens from oil revenues, “it is not something that normally happens.” However, he says the most important conversation...

Nigeria is banking on the 200,000 b/d offshore Egina project to boost its production by over 10%, as the Total-operated field is expected to come online later this year, S&P Global Platts said in a report on Monday. Nigerian oil...

UK-based United Oil & Gas Plc said on Monday, August 13, that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. Encouragingly,...

High levels of incompetence, greed, and the fear of making tough decisions are the primary reasons countries rich in petroleum resources do badly. So says Managing Director, Principal Consultant of Association of Caribbean Energy Specialists Ltd. (ACES), Anthony Paul. Paul,...