Even with plummeting demand due to the global pandemic and the move towards renewables, experts believe that oil and gas will still remain the primary source of energy in the years to come, which is good news for new...

The appraisal programmes for Suriname’s first two deepwater discoveries have been submitted to state oil company Staatsolie as the South American country looks to forge ahead with development of its offshore oil resources. Suriname’s first offshore discovery at the Maka...

BP announced on Monday that production has begun from its Block 61 Phase 2 Ghazeer gas field in Oman, 33 months after the development was approved. The company said Ghazeer was initially expected to come into production in 2021. The...

Malaysian oil and gas company Petronas has spudded its first well - Sloanea-1 - offshore Suriname at Block 52 where it has farm-down 50% of its interest to US oil major ExxonMobil. Denmark-based drilling rig operator Maersk Drilling is carrying out...

Interest from investors in the new oil producing country of Guyana continue to grow and this is expected to see major transformational projects getting underway in the coming months and years. Guyana’s President, Dr. Mohamed Irfaan Ali, recently disclosed that...

Improving the ease of doing business in the new oil producing country of Guyana is on the radar of the new government as it looks to expand investments in oil and gas as well as other sectors of the...

The Guyana government is looking to ensure that benefits from development of the country's multi-billion-barrel oil resources are passed on to persons operating in every sector of the economy and not just those directly servicing the industry. “It’s not only...

Former Premier of Alberta, Canada, Alison Redford, who led a team of experts to review the work that was done by the Department of Energy for the Payara Development project offshore Guyana, strongly advocated for full transparency in the...

The landing site for the pipeline and location where the infrastructure is to be set up for the gas to power project in Guyana will be finalized before the end of the year with work set to begin in...

Dutch floater specialist, SBM Offshore, announced Thursday that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the...