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Staatsolie boss wants Guyana, Suriname to build world-class shore base as oil discoveries grow

Both Guyana and Suriname are without adequate shore base facilities to support the growing needs of oil companies that continue to ramp up exploration and production activities offshore the two countries. But this state of affairs could change quite...

Last offshore development approved in Guyana was one of the brightest lights in oil’s dark year – Westwood

Updated November 28, 2021 Westwood Energy Group says 2020 will be remembered as one of the most challenging years in the history of the oil and gas sector as oil consumption fell to levels not seen since 2001. At one point,...

Guyana offshore driller Stena enters major partnership for decarbonization exploration

Stena Drilling, the company that operates the Stena Carron rig currently exploring for hydrocarbons offshore Guyana, has entered into a strategic framework agreement for decarbonisation exploration with UK based dCarbonX to support the development of offshore “geoenergy” resources. Both parties...

Shipping company making major inroads in Guyana, targeting oil and gas opportunities

Shipping company Soreidom, with operations in South and North America, the Caribbean and Europe, has been operating in Guyana for over a decade and is now looking to tap into the new opportunities in the oil and gas industry. For...

Oil and gas supply chain contract awards drop to 16-year low

Oil and gas supply chain companies have seen their profits squeezed since the E&P cost cuts of the previous downturn – and just as the industry could finally hope for better days, the coronavirus pandemic caused the value of...

Guyanese aviation firm says training from Exxon opened door to oil and gas opportunities

Guyanese aviation company, Trans Guyana Airways, has been working with several local firms to provide services and key support to the oil and gas industry. The aviation company said through the support of ExxonMobil Aviation Services, it has been...

Biden administration suspends oil and gas permitting on federal lands

(Reuters) - The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo. The move appears...

Energy Chamber looking to play major role in Guyana oil & gas development

The Guyana Oil and Gas Energy Chamber (GOGEC) says it plans to play a major role in the development of the country’s oil and gas sector and will be ramping up activities this year to focus on local content...

ExxonMobil comes up dry at Hassa-1 offshore Guyana

Drilling at the Hassa-1 prospect in the Stabroek block offshore Guyana has failed to encounter hydrocarbon resources, ExxonMobil said on Friday in response to a question from OilNOW. “The Hassa-1 exploration well in the Stabroek block did not encounter hydrocarbons...

Total, Apache strike oil again offshore Suriname

Total and Apache Corporation said on Thursday they have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West...

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GEA urges businesses to decarbonize through energy efficiency, renewables and electric mobility

Guyanese businesses should use the lower electricity costs expected from the Gas-to-Energy project to invest in energy efficiency, renewable...