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Exploration

Guyana is one of the main beneficiaries of deepwater reinvention

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Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at opposite ends of the development spectrum. Deepwater represents large, expensive and complex long-cycle projects best suited...
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SBM Offshore takes ‘Life Day’ to Guyana

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With an eye on the safety and wellbeing of its employees, SBM Offshore observed its sixth annual Life Day event on Wednesday, June 12, 2019. Life Day, which is observed globally, was held in Guyana for the first time,...
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“Grab each and every opportunity” in O&G – Guyanese youths urge

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The late influential business writer Peter Drucker once said, "the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” This is also the advice being given to youths by two young men who have...
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Guyana just months away from adding to South America’s O&G supply

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Guyana will begin producing oil within months at a modest peak rate of 120,000 barrels per day but with a rapid acceleration that will see production ballooning to almost 1 million bpd by the mid-2020s, adding to the South...
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Morgan Stanley pegs Guyana oil reserves at 6 billion barrels

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Guyana’s gross recoverable oil resource could stand at 6 billion barrels with potential for significant upside above this level according to US multinational investment bank, Morgan Stanley. In a recent research paper, the bank said its estimate is modestly above...
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Japanese O&G Master Plan plugs refining capacity, LNG plant for Guyana

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Officials of Mitsubishi Corporation met with business representatives in Guyana on Thursday to discuss the final report of the Oil and Gas Master Plan for Guyana (OGMP), a collaborative effort between the Guyana government and Japan. The group met with...
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Guyana opposition pushing bipartisan management of oil sector

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With the South American country of Guyana just months away from first oil and possible early election, the main opposition party says it would like to see measures being put in place to ensure the country’s emerging petroleum sector...
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Offshore sanctioning nearing peak – Rystad Energy

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The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. The independent energy research and consultancy firm headquartered in Norway with offices across the globe forecasts that the service...
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Guyana session at OTC saw capacity audience

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This year’s Houston's Offshore Technology Conference highlighted panels that showed a global deepwater that has become increasingly robust and the session on Guyana saw a capacity audience clamoring to hear more about South America’s newest oil and gas hotspot. Starr...
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ExxonMobil gets approval for Mozambique Rovuma LNG project

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Mozambique Rovuma Venture said Tuesday that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique,...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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